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

Shares of Hydro One Limited (TSE:H) have been assigned an average recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is C$53.35.

H has been the topic of a number of research analyst reports. TD Securities raised their price objective on shares of Hydro One from C$56.00 to C$57.00 and gave the stock a “hold” rating in a report on Wednesday, February 18th. Scotiabank lifted their price target on shares of Hydro One from C$51.00 to C$53.00 in a research note on Tuesday, December 16th. National Bank Financial boosted their price target on shares of Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group dropped their price objective on Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th.

Hydro One Stock Down 0.4%

Shares of TSE H opened at C$57.94 on Friday. The business has a 50-day moving average of C$55.03 and a two-hundred day moving average of C$52.77. The company has a market capitalization of C$34.75 billion, a price-to-earnings ratio of 25.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.22. Hydro One has a 1 year low of C$46.35 and a 1 year high of C$58.99. The company has a debt-to-equity ratio of 151.72, a current ratio of 0.61 and a quick ratio of 0.30.

Hydro One (TSE:H) last issued its earnings results on Friday, February 13th. The company reported C$0.39 earnings per share for the quarter. The business had revenue of C$981.00 million for the quarter. Hydro One had a return on equity of 10.73% and a net margin of 14.81%. On average, analysts forecast that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.3331 per share. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.33 annualized dividend and a yield of 2.3%. Hydro One’s payout ratio is 58.90%.

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.