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

Shares of Hydro One Limited (TSE:H) have been given a consensus recommendation of “Hold” by the nine research firms that are currently covering the company, Marketbeat.com reports. Eight 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 target among brokerages that have covered the stock in the last year is C$39.89.

H has been the topic of a number of recent research reports. TD Securities lifted their price objective on Hydro One from C$37.00 to C$39.00 and gave the company a “hold” rating in a report on Wednesday, February 14th. National Bankshares boosted their target price on Hydro One from C$35.00 to C$38.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. Wells Fargo & Company boosted their target price on Hydro One from C$39.00 to C$40.00 and gave the stock an “equal weight” rating in a report on Wednesday, February 14th. CIBC boosted their target price on Hydro One from C$38.00 to C$40.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Finally, Royal Bank of Canada boosted their target price on Hydro One from C$37.00 to C$41.00 and gave the stock a “sector perform” rating in a report on Wednesday, February 14th.

Hydro One Stock Up 0.2 %

TSE H opened at C$37.75 on Friday. The company has a current ratio of 0.50, a quick ratio of 0.30 and a debt-to-equity ratio of 133.77. The stock’s 50 day moving average is C$40.02 and its two-hundred day moving average is C$38.67. The company has a market capitalization of C$22.62 billion, a price-to-earnings ratio of 20.86, a PEG ratio of 2.90 and a beta of 0.31. Hydro One has a 1-year low of C$32.79 and a 1-year high of C$41.69.

Hydro One (TSE:H) last released its quarterly earnings data on Tuesday, February 13th. The company reported C$0.30 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.30. The company had revenue of C$1.98 billion for the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. Equities analysts forecast that Hydro One will post 1.9103751 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.296 per share. This represents a $1.18 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend was Tuesday, March 12th. Hydro One’s dividend payout ratio is 65.75%.

Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.