Brokerages Set Hydro One Limited (TSE:H) PT at C$43.25

Shares of Hydro One Limited (TSE:H) have earned an average rating of “Hold” from the eight analysts that are covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is C$43.25.

A number of equities research analysts have recently commented on the company. CIBC raised their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Royal Bank of Canada raised their price target on Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd.

Hydro One Price Performance

Shares of H opened at C$44.28 on Friday. The stock has a market cap of C$26.54 billion, a P/E ratio of 23.68, a price-to-earnings-growth ratio of 3.17 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’s 50-day moving average price is C$44.59 and its two-hundred day moving average price is C$44.30. Hydro One has a 1 year low of C$37.27 and a 1 year high of C$48.05.

Hydro One (TSE:H) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.62 EPS for the quarter, topping analysts’ consensus estimates of C$0.58 by C$0.04. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. During the same quarter last year, the company earned $0.59 EPS. On average, equities analysts predict that Hydro One will post 2.0572195 earnings per share for the current year.

Hydro One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.84%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One’s dividend payout ratio is presently 67.38%.

Insider Activity at Hydro One

In related news, Director Stacey Mowbray purchased 700 shares of the stock in a transaction on Monday, December 23rd. The shares were purchased at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is owned by insiders.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.