Hydro One Limited (TSE:H) Director Purchases C$30,818.20 in Stock

Hydro One Limited (TSE:H) Director Stacey Mowbray bought 700 shares of the firm’s stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the transaction, the director now directly owns 700 shares in the company, valued at C$30,818.20. This represents a ∞ increase in their ownership of the stock.

Hydro One Price Performance

H opened at C$44.51 on Thursday. Hydro One Limited 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$26.68 billion, a price-to-earnings ratio of 23.80, a P/E/G ratio of 3.17 and a beta of 0.34. The firm’s fifty day moving average price is C$45.06 and its two-hundred day moving average price is C$43.59.

Hydro One Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date is Wednesday, December 11th. Hydro One’s payout ratio is 67.38%.

Wall Street Analyst Weigh In

A number of brokerages have commented on H. Raymond James raised their price objective on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Royal Bank of Canada boosted their price target on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets raised their price objective on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of C$43.00.

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.