Hydro One Limited (TSE:H) Receives C$51.75 Average PT from Analysts

Hydro One Limited (TSE:H) has been assigned an average rating of “Hold” from the eight brokerages that are currently covering the company, Marketbeat reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$51.75.

Several brokerages have weighed in on H. TD Securities raised their price objective on shares of Hydro One from C$52.00 to C$54.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. CIBC increased their price target on shares of Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st. National Bankshares lifted their price target on Hydro One from C$47.00 to C$48.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 14th. Desjardins set a C$58.00 price objective on Hydro One and gave the company a “buy” rating in a report on Tuesday, August 12th. Finally, Raymond James Financial upped their price objective on Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a research note on Friday, October 24th.

Hydro One Stock Performance

Shares of H opened at C$54.74 on Wednesday. The firm has a market cap of C$32.83 billion, a price-to-earnings ratio of 25.23, a PEG ratio of 3.17 and a beta of 0.31. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. The business’s 50 day moving average is C$51.80 and its two-hundred day moving average is C$50.33. Hydro One has a 52-week low of C$42.52 and a 52-week high of C$55.47.

Hydro One (TSE:H) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.70 earnings per share for the quarter. The business had revenue of C$1.22 billion during the quarter. Hydro One had a net margin of 13.59% and a return on equity of 9.58%. Analysts forecast that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Investors of record on Monday, September 29th were given a dividend of $0.3331 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, September 10th. Hydro One’s dividend payout ratio is currently 59.66%.

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.