Hydro One (TSE:H) Price Target Raised to C$57.00 at TD Securities

Hydro One (TSE:H) had its price target boosted by TD Securities from C$56.00 to C$57.00 in a research report sent to investors on Wednesday,BayStreet.CA reports. They currently have a hold rating on the stock.

Several other analysts have also recently commented on H. Raymond James Financial raised their price objective 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. Canadian Imperial Bank of Commerce increased their target price on shares of Hydro One from C$52.00 to C$54.00 in a report on Tuesday, October 21st. Scotiabank lifted their price target on shares of Hydro One from C$51.00 to C$53.00 in a research report on Tuesday, December 16th. National Bank Financial upped their price target on Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a 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 research note on Wednesday, January 28th. One investment analyst has rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, Hydro One presently has an average rating of “Hold” and a consensus target price of C$53.35.

Hydro One Stock Down 1.2%

H opened at C$56.66 on Wednesday. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. Hydro One has a 12 month low of C$43.30 and a 12 month high of C$57.63. The stock has a market capitalization of C$33.98 billion, a P/E ratio of 25.41, a P/E/G ratio of 3.17 and a beta of 0.22. The business has a 50 day simple moving average of C$54.04 and a 200-day simple moving average of C$52.21.

Hydro One (TSE:H) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.39 earnings per share (EPS) for the quarter. The firm had revenue of C$981.00 million during the quarter. Hydro One had a return on equity of 9.58% and a net margin of 13.59%. On average, equities analysts anticipate that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were issued a dividend of $0.3331 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, December 10th. Hydro One’s dividend payout ratio is currently 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.