Hydro One Limited (TSE:H) Given Consensus Rating of "Hold" by Analysts

Key Points

• Analysts maintain a “Hold” consensus on Hydro One, with seven hold, one sell, and one buy rating among nine firms. The average 12-month price target is C$57.09.
• Hydro One shares opened at C$51.25, down 1.3%, below their 50-day and 200-day moving averages. The company reported quarterly earnings of C$0.62 per share on C$1.23 billion in revenue.
• The company declared a quarterly dividend of $0.3531 per share, equivalent to an annualized $1.41 payout and a 2.8% yield.

Hydro One Limited (TSE:H - Get Free Report) has been assigned an average recommendation of "Hold" from the nine research firms that are covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$57.09.

A number of equities research analysts have recently commented on H shares. National Bank Financial increased their price objective on Hydro One from C$56.00 to C$61.00 and gave the company a "sector perform" rating in a research report on Monday, June 1st. Jefferies Financial Group cut Hydro One from a "hold" rating to a "moderate sell" rating in a report on Monday, June 1st. Royal Bank Of Canada boosted their target price on Hydro One from C$58.00 to C$60.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 13th. Finally, Barclays reduced their target price on Hydro One from C$63.00 to C$61.00 in a report on Thursday, August 13th.

Hydro One Stock Down 1.3%

TSE H opened at C$51.25 on Tuesday. The company has a debt-to-equity ratio of 154.61, a current ratio of 0.88 and a quick ratio of 0.30. The company's 50 day simple moving average is C$55.45 and its 200 day simple moving average is C$57.15. Hydro One has a 12 month low of C$48.62 and a 12 month high of C$60.57. The company has a market capitalization of C$30.75 billion, a P/E ratio of 21.72, a PEG ratio of 3.17 and a beta of 0.23.

Hydro One (TSE:H - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.62 earnings per share for the quarter. The firm had revenue of C$1.23 billion during the quarter. Hydro One had a net margin of 14.87% and a return on equity of 11.08%. Equities research analysts expect that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.3531 per share. This represents a $1.41 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, September 9th. Hydro One's payout ratio is presently 57.31%.

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.

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