Hydro One Limited (TSE:H) Plans Quarterly Dividend of $0.31

Hydro One Limited (TSE:H) declared a quarterly dividend on Wednesday, March 12th, TickerTech Dividends reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.3142 per share on Monday, March 31st. This represents a $1.26 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend is Wednesday, March 12th. This is a 0.1% increase from Hydro One’s previous quarterly dividend of $0.31.

Hydro One Price Performance

Shares of H opened at C$47.29 on Monday. The stock’s 50 day moving average is C$44.84 and its two-hundred day moving average is C$45.12. The firm has a market capitalization of C$28.35 billion, a PE ratio of 24.94, a P/E/G ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. Hydro One has a twelve month low of C$37.27 and a twelve month high of C$48.05.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on H shares. Royal Bank of Canada upped their price target on shares of Hydro One from C$43.00 to C$46.00 in a research note on Friday, February 21st. CIBC increased their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Finally, Scotiabank boosted their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th. Five analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$45.43.

Insider Activity at Hydro One

In related news, Director Stacey Mowbray bought 700 shares of Hydro One stock in a transaction that occurred 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 purchase, the director now owns 700 shares in the company, valued at C$30,818.20. This represents a ∞ increase in their ownership of the stock. 47.12% of the stock is owned by corporate insiders.

Hydro One Company Profile

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.