Brokerages Set Hydro One Limited (TSE:H) PT at C$51.00

Key Points

• Hydro One Limited has received an average rating of "Hold" from nine analysts, with eight recommending a hold and one a buy, while the average one-year price target is C$51.00.
• The company recently announced a quarterly dividend of $0.3331 per share, which translates to an annual yield of 2.6% and has a payout ratio of 66.44%.
• Hydro One's stock opened at C$50.87, with a market capitalization of C$30.50 billion and a PE ratio of 26.82.

Shares of Hydro One Limited (TSE:H - Get Free Report) have earned an average rating of "Hold" from the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$51.00.

A number of equities research analysts have weighed in on H shares. BMO Capital Markets lifted their target price on Hydro One from C$46.00 to C$50.00 and gave the company a "market perform" rating in a research report on Friday, May 9th. Desjardins set a C$58.00 price target on Hydro One and gave the stock a "buy" rating in a research report on Tuesday, August 12th. Royal Bank Of Canada boosted their price target on Hydro One from C$46.00 to C$53.00 in a research report on Friday, May 9th. Raymond James Financial boosted their price target on Hydro One from C$48.00 to C$49.00 and gave the stock a "market perform" rating in a research report on Thursday, August 14th. Finally, National Bankshares boosted their price target on Hydro One from C$47.00 to C$48.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 14th.

Hydro One Stock Down 0.7%

TSE H traded down C$0.35 on Monday, reaching C$50.65. 735,613 shares of the stock traded hands, compared to its average volume of 997,237. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. The company has a fifty day moving average price of C$49.38 and a 200-day moving average price of C$48.98. The company has a market cap of C$30.37 billion, a price-to-earnings ratio of 26.71, a PEG ratio of 3.17 and a beta of 0.34. Hydro One has a 12 month low of C$42.52 and a 12 month high of C$53.98.

Hydro One Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Wednesday, September 10th will be given a $0.3331 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.6%. Hydro One's payout ratio is 66.44%.

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.