Hydro One (TSE:H – Free Report) had its target price reduced by Scotiabank from C$40.00 to C$38.00 in a report released on Monday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.
H has been the subject of several other research reports. Wells Fargo & Company lifted their price objective on Hydro One from C$39.00 to C$40.00 and gave the company an equal weight rating in a research report on Wednesday, February 14th. CIBC cut their price objective on Hydro One from C$40.00 to C$39.00 and set a neutral rating for the company in a research report on Friday. National Bankshares boosted their target price on Hydro One from C$35.00 to C$38.00 and gave the stock a sector perform rating in a research report on Tuesday, January 30th. TD Securities boosted their target price on Hydro One from C$37.00 to C$39.00 and gave the stock a hold rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada boosted their target price on Hydro One from C$37.00 to C$41.00 and gave the stock a sector perform rating in a research report on Wednesday, February 14th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of C$39.56.
View Our Latest Report on Hydro One
Hydro One Trading Up 0.6 %
Hydro One (TSE:H – Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.30. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. The firm had revenue of C$1.98 billion during the quarter. Analysts predict that Hydro One will post 1.9103751 EPS for the current fiscal year.
Hydro One Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were issued a $0.296 dividend. The ex-dividend date of this dividend was Tuesday, March 12th. This represents a $1.18 dividend on an annualized basis and a yield of 3.11%. Hydro One’s dividend payout ratio is presently 65.75%.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.
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