Hydro One Limited (TSE:H) Receives C$51.00 Consensus PT from Brokerages

Hydro One Limited (TSE:H) has been assigned a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$51.00.

H has been the topic of several recent research reports. Desjardins set a C$58.00 price objective on Hydro One and gave the stock a “buy” rating in a report on Tuesday, August 12th. TD Securities upped their price objective on 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 decreased their price objective on Hydro One from C$52.00 to C$51.00 in a report on Monday, July 21st. National Bankshares boosted their target price on Hydro One from C$47.00 to C$48.00 and gave the company a “sector perform” rating in a research report on Thursday, August 14th. Finally, Raymond James Financial boosted their target price on Hydro One from C$48.00 to C$49.00 and gave the company a “market perform” rating in a research report on Thursday, August 14th.

Hydro One Stock Up 1.1%

Shares of H opened at C$50.54 on Tuesday. The stock has a market capitalization of C$30.31 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 3.17 and a beta of 0.30. Hydro One has a 1 year low of C$42.52 and a 1 year high of C$53.98. The business’s 50 day simple moving average is C$49.80 and its 200-day simple moving average is C$49.71. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were given a dividend of $0.3331 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.33 annualized dividend and a dividend yield of 2.6%. Hydro One’s payout ratio is currently 61.04%.

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.