Raymond James Boosts Hydro One (TSE:H) Price Target to C$45.00

Hydro One (TSE:H) had its price objective boosted by Raymond James from C$41.00 to C$45.00 in a report released on Thursday morning, BayStreet.CA reports.

Other research analysts have also recently issued research reports about the stock. BMO Capital Markets boosted their price target on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. CIBC boosted their target price on shares of Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Wells Fargo & Company increased their target price on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Finally, National Bankshares lifted their price target on Hydro One from C$40.00 to C$45.00 and gave the stock a sector perform rating in a report on Friday, August 23rd. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has an average rating of Hold and a consensus price target of C$42.75.

Hydro One Trading Up 0.9 %

TSE:H opened at C$46.37 on Thursday. Hydro One has a 12-month low of C$32.79 and a 12-month high of C$48.05. The firm has a market cap of C$27.80 billion, a PE ratio of 24.80, a price-to-earnings-growth ratio of 3.14 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. The stock has a fifty day moving average price of C$44.05 and a 200 day moving average price of C$41.19.

Hydro One (TSE:H) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.48 by C$0.01. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. The business had revenue of C$2.03 billion during the quarter. Sell-side analysts anticipate that Hydro One will post 2.0468682 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be issued a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.71%. The ex-dividend date of this dividend is Wednesday, September 11th. Hydro One’s payout ratio is 67.38%.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.