Hydro One Limited (TSE:H) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hydro One Limited (TSE:H) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$51.75.

A number of analysts recently commented on H shares. TD Securities boosted their target price on shares of Hydro One from C$52.00 to C$54.00 and gave the stock a “hold” rating in a report on Thursday, August 14th. 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. Raymond James Financial boosted their price objective on Hydro One from C$49.00 to C$53.50 and gave the stock a “market perform” rating in a report on Friday, October 24th. National Bankshares lifted their target price on shares of Hydro One from C$47.00 to C$48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 14th. Finally, CIBC lifted their target price on shares of Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st.

Hydro One Stock Down 0.1%

TSE H opened at C$51.73 on Friday. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. The company’s 50 day simple moving average is C$50.26 and its 200 day simple moving average is C$50.08. Hydro One has a 12 month low of C$42.52 and a 12 month high of C$53.98. The company has a market capitalization of C$31.03 billion, a P/E ratio of 24.75, a PEG ratio of 3.17 and a beta of 0.30.

Hydro One Announces Dividend

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