Analysts Set Hydro One Limited (TSE:H) Price Target at C$43.00

Shares of Hydro One Limited (TSE:H) have earned a consensus rating of “Hold” from the eight analysts that are covering the firm, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$43.00.

A number of equities analysts recently weighed in on the stock. Raymond James boosted their price target on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Wells Fargo & Company lifted their price target on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. National Bankshares increased their price objective on 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. CIBC increased their price target on Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Finally, BMO Capital Markets upped their price objective on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th.

Hydro One Price Performance

H opened at C$46.65 on Friday. Hydro One has a 1 year low of C$37.27 and a 1 year high of C$48.05. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The company has a market capitalization of C$27.96 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 3.17 and a beta of 0.34. The firm’s fifty day moving average price is C$45.29 and its two-hundred day moving average price is C$43.26.

Hydro One Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One’s 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.