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

Shares of Hydro One Limited (TSE:H) have been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is C$53.05.

Several analysts have recently commented on the stock. Raymond James Financial increased their price target on shares of Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a research note on Friday, October 24th. National Bankshares raised their price target on Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Canadian Imperial Bank of Commerce boosted their price target on shares of Hydro One from C$52.00 to C$54.00 in a research note on Tuesday, October 21st. Scotiabank raised their price objective on shares of Hydro One from C$51.00 to C$53.00 in a research note on Tuesday, December 16th. Finally, Jefferies Financial Group dropped their target price on shares of Hydro One from C$52.00 to C$50.00 in a research report on Wednesday, January 28th.

Hydro One Price Performance

TSE:H opened at C$54.48 on Monday. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. The firm has a market cap of C$32.68 billion, a PE ratio of 25.11, a price-to-earnings-growth ratio of 3.17 and a beta of 0.22. Hydro One has a 12 month low of C$43.30 and a 12 month high of C$55.71. The company’s 50-day moving average price is C$53.63 and its two-hundred day moving average price is C$51.85.

Hydro One (TSE:H) last released its quarterly earnings results on Thursday, November 13th. The company reported C$0.70 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%.The business had revenue of C$1.22 billion during the quarter. On average, equities analysts anticipate that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were given a $0.3331 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.4%. Hydro One’s dividend payout ratio is currently 59.66%.

About Hydro One

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.