Hydro One Limited (TSE:H) Given Average Rating of "Hold" by Brokerages

Key Points

• Analysts give Hydro One a consensus "Hold" rating (four holds, two buys) with an average 12‑month price target of C$54.23, amid recent target changes such as TD raising to C$57 while Barclays and Jefferies trimmed targets to C$63 and C$50 respectively.
• The stock opened at C$58.28, trades near its 52‑week high (C$60.46) with a market cap of C$34.96 billion and a PE of 26.13, suggesting modest valuation headroom versus analyst targets.
• Hydro One pays a quarterly dividend of $0.3331 (annualized $1.33) for a yield of 2.3% and a payout ratio of 58.9%, while carrying a high debt‑to‑equity ratio of 151.72 that may pose leverage risk.

Shares of Hydro One Limited (TSE:H - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are presently covering the company, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$54.23.

A number of analysts recently commented on H shares. TD Securities lifted their price objective on Hydro One from C$56.00 to C$57.00 and gave the stock a "hold" rating in a research report on Wednesday, February 18th. Barclays reduced their target price on shares of Hydro One from C$66.00 to C$63.00 in a report on Friday, April 10th. Finally, Jefferies Financial Group decreased their price target on shares of Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th.

Hydro One Price Performance

Shares of TSE:H opened at C$58.28 on Friday. The company has a debt-to-equity ratio of 151.72, a quick ratio of 0.30 and a current ratio of 0.61. The business's fifty day moving average price is C$58.14 and its two-hundred day moving average price is C$54.95. The stock has a market cap of C$34.96 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 3.17 and a beta of 0.37. Hydro One has a one year low of C$47.54 and a one year high of C$60.46.

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

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st were paid a dividend of $0.3331 per share. The ex-dividend date of this dividend was Wednesday, March 11th. This represents a $1.33 annualized dividend and a dividend yield of 2.3%. Hydro One's dividend payout ratio is presently 58.90%.

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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