Hydro One Limited (TSE:H) Receives Consensus Rating of “Hold” from Analysts

Hydro One Limited (TSE:H) has received a consensus recommendation of “Hold” from the eight brokerages that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is C$56.64.

A number of research firms recently commented on H. TD Securities lifted their price objective on 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. Jefferies Financial Group cut their price objective on Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. BMO Capital Markets lifted their price objective on Hydro One from C$55.00 to C$58.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th. Scotia lifted their price objective on Hydro One from C$53.00 to C$58.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th. Finally, National Bank Financial lifted their price objective on Hydro One from C$55.00 to C$56.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 14th.

Hydro One Price Performance

Hydro One stock opened at C$58.63 on Wednesday. The stock’s 50 day moving average is C$58.36 and its 200 day moving average is C$55.72. The company has a debt-to-equity ratio of 149.17, a current ratio of 0.54 and a quick ratio of 0.30. The firm has a market cap of C$35.18 billion, a P/E ratio of 25.71, a P/E/G ratio of 3.17 and a beta of 0.38. Hydro One has a one year low of C$47.54 and a one year high of C$60.46.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$1.22 billion for the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%. As a group, research analysts expect that Hydro One will post 2.0572195 EPS for the current year.

Hydro One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a $0.3331 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Wednesday, March 11th. Hydro One’s payout ratio is currently 58.44%.

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.