Hydro One Limited (TSE:H) Receives C$43.00 Consensus PT from Brokerages

Hydro One Limited (TSE:H) has earned a consensus recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among brokers that have issued a report on the stock in the last year is C$43.00.

H has been the subject of a number of recent analyst reports. Raymond James lifted their target price on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. CIBC upped their target price on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. National Bankshares raised their price target on shares of Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. Wells Fargo & Company upped their price target on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Finally, BMO Capital Markets lifted their price objective on Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th.

Hydro One Stock Up 0.5 %

H opened at C$46.02 on Friday. Hydro One has a 12 month low of C$33.91 and a 12 month high of C$48.05. The company has a market cap of C$27.59 billion, a PE ratio of 24.61, 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 company has a 50 day moving average of C$45.35 and a 200 day moving average of C$41.71.

Hydro One (TSE:H) last posted its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of C$2.03 billion during the quarter. On average, sell-side analysts expect that Hydro One will post 1.9902525 EPS for the current year.

Hydro One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were issued a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date was Wednesday, September 11th. Hydro One’s dividend payout ratio is currently 67.38%.

Hydro One Company Profile

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.