Hydro One (TSE:H) Given a C$66.00 Price Target at Barclays

Barclays set a C$66.00 price objective on Hydro One (TSE:H) in a research report report published on Wednesday,BayStreet.CA reports. The brokerage currently has an overweight rating on the stock.

A number of other analysts have also issued reports on H. National Bank Financial increased their price target on shares of Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. TD Securities upped their price objective on shares of Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Scotiabank increased their target price on shares of Hydro One from C$51.00 to C$53.00 in a research report on Tuesday, December 16th. Finally, Jefferies Financial Group decreased their target price on shares of Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of C$54.50.

Hydro One Stock Up 0.8%

TSE:H opened at C$57.91 on Wednesday. The business’s fifty day moving average price is C$56.80 and its 200 day moving average price is C$53.90. The firm has a market capitalization of C$34.73 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 3.17 and a beta of 0.33. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 151.72. Hydro One has a 1-year low of C$46.45 and a 1-year high of C$60.46.

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

Hydro One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 31st were issued a dividend of $0.3331 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Wednesday, March 11th. Hydro One’s 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.