Hydro One Limited (TSE:H) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hydro One Limited (TSE:H) have earned a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$54.64.

A number of research firms have weighed in on H. TD Securities increased their price target on shares of Hydro One from C$56.00 to C$57.00 and gave the stock a “hold” rating in a research note on Wednesday, February 18th. Raymond James Financial increased their price target on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research note on Tuesday. Jefferies Financial Group cut their price target on shares of Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. Finally, Barclays cut their price target on shares of Hydro One from C$66.00 to C$63.00 in a research note on Friday, April 10th.

Hydro One Stock Up 0.1%

Shares of TSE H opened at C$58.41 on Friday. Hydro One has a 1 year low of C$47.54 and a 1 year high of C$60.46. The firm’s 50 day moving average price is C$58.24 and its 200 day moving average price is C$55.18. The firm has a market cap of C$35.03 billion, a P/E ratio of 26.19, a price-to-earnings-growth ratio of 3.17 and a beta of 0.37. The company has a debt-to-equity ratio of 151.72, a quick ratio of 0.30 and a current ratio of 0.61.

Hydro One (TSE:H) last posted its quarterly earnings results on Friday, February 13th. The company reported C$0.39 earnings per share for the quarter. The company had revenue of C$981.00 million for the quarter. Hydro One had a net margin of 14.81% and a return on equity of 10.73%. As a group, sell-side analysts anticipate that Hydro One will post 2.0572195 earnings per share for the current year.

Hydro One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were paid a dividend of $0.3331 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.33 dividend on an annualized basis and a yield of 2.3%. Hydro One’s dividend payout ratio (DPR) is currently 58.90%.

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. The province of Ontario holds an approximate 47% common equity stake.