Hydro One Limited (TSE:H) Given Average Rating of “Hold” by Brokerages

Shares of Hydro One Limited (TSE:H) have been given a consensus rating of “Hold” by the seven brokerages that are presently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is C$52.95.

H has been the topic of a number of recent analyst reports. Scotiabank lifted their price objective on shares of Hydro One from C$51.00 to C$53.00 in a research note on Tuesday, December 16th. CIBC boosted their price target on shares of Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st. Raymond James Financial upped their price target on shares of Hydro One from C$49.00 to C$53.50 and gave the stock a “market perform” rating in a research note on Friday, October 24th. Finally, National Bankshares raised their price objective 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.

Hydro One Trading Down 0.2%

Shares of TSE:H opened at C$52.76 on Thursday. Hydro One has a fifty-two week low of C$42.67 and a fifty-two week high of C$55.47. The company has a market cap of C$31.64 billion, a PE ratio of 24.31, a P/E/G ratio of 3.17 and a beta of 0.21. The company’s 50-day moving average price is C$53.63 and its 200 day moving average price is C$51.26. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Hydro One (TSE:H) last announced its earnings results on Thursday, November 13th. The company reported C$0.70 earnings per share for the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%.The firm had revenue of C$1.22 billion for the quarter. Sell-side analysts anticipate that Hydro One will post 2.0572195 earnings per share for the current year.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.3331 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend was Wednesday, December 10th. Hydro One’s payout ratio is currently 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.