Hydro One Limited (TSE:H) Stock Has Average Target Price of C$57.09 According to Analysts

Shares of Hydro One Limited (TSE:H) have been assigned a consensus rating of “Hold” from the nine brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is C$57.27.

A number of brokerages have recently issued reports on H. Jefferies Financial Group downgraded Hydro One from a “hold” rating to a “moderate sell” rating in a research report on Monday, June 1st. Royal Bank Of Canada upped their price objective on shares of Hydro One from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Canadian Imperial Bank of Commerce lowered their target price on shares of Hydro One from C$59.00 to C$56.00 in a research note on Tuesday. Barclays dropped their target price on shares of Hydro One from C$63.00 to C$61.00 in a research report on Thursday, August 13th. Finally, National Bank Financial boosted their price target on shares of Hydro One from C$56.00 to C$61.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st.

Hydro One Trading Down 0.4%

Shares of H stock opened at C$50.95 on Tuesday. The company has a debt-to-equity ratio of 154.61, a quick ratio of 0.30 and a current ratio of 0.88. Hydro One has a 52-week low of C$48.90 and a 52-week high of C$60.57. The company has a market capitalization of C$30.57 billion, a PE ratio of 21.59, a price-to-earnings-growth ratio of 3.17 and a beta of 0.23. The business’s fifty day moving average is C$55.00 and its 200 day moving average is C$57.00.

Hydro One (TSE:H) last posted its earnings results on Wednesday, August 12th. The company reported C$0.62 EPS for the quarter. The business had revenue of C$1.23 billion during the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%. On average, equities research analysts anticipate that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a dividend of $0.3531 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Wednesday, September 9th. Hydro One’s payout ratio is currently 57.31%.

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.