Hydro One Limited (TSE:H) Receives C$52.95 Average Price Target from Analysts

Shares of Hydro One Limited (TSE:H) have been given a consensus recommendation of “Hold” by the seven ratings firms that are covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$52.95.

Several research firms have recently commented on H. Scotiabank lifted their price target on shares of Hydro One from C$51.00 to C$53.00 in a report on Tuesday, December 16th. National Bankshares increased their target price on shares of Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Wednesday, December 17th. Raymond James Financial lifted their price objective on shares of Hydro One from C$49.00 to C$53.50 and gave the stock a “market perform” rating in a research report on Friday, October 24th. Finally, CIBC upped their target price on Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st.

Hydro One Trading Up 0.5%

Shares of H opened at C$52.73 on Thursday. 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$43.30 and a twelve month high of C$55.47. The firm has a market capitalization of C$31.63 billion, a P/E ratio of 24.30, a price-to-earnings-growth ratio of 3.17 and a beta of 0.21. The stock’s fifty day simple moving average is C$53.66 and its 200 day simple moving average is C$51.31.

Hydro One (TSE:H) last released its quarterly earnings data on Thursday, November 13th. The company reported C$0.70 EPS for the quarter. The company had revenue of C$1.22 billion for the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%. On average, equities research analysts forecast 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 Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were issued a dividend of $0.3331 per share. This represents a $1.33 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, December 10th. Hydro One’s dividend payout ratio (DPR) is 59.66%.

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.