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

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.

Hydro One Limited (TSE:H - Get Free Report) has been assigned an average rating of "Hold" from the nine analysts that are currently covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$51.00.

A number of equities analysts recently weighed in on H shares. TD Securities upped their target price on shares of Hydro One from C$52.00 to C$54.00 and gave the stock a "hold" rating in a research note on Thursday. Raymond James Financial upped their target price on shares of Hydro One from C$48.00 to C$49.00 and gave the stock a "market perform" rating in a research note on Thursday. CIBC reduced their target price on shares of Hydro One from C$52.00 to C$51.00 in a research note on Monday, July 21st. BMO Capital Markets upped their target price on shares of Hydro One from C$46.00 to C$50.00 and gave the stock a "market perform" rating in a research note on Friday, May 9th. Finally, National Bankshares upped their target price on shares of Hydro One from C$47.00 to C$48.00 and gave the stock a "sector perform" rating in a research note on Thursday.

Hydro One Price Performance

H opened at C$50.87 on Monday. The company has a fifty day moving average price of C$49.20 and a two-hundred day moving average price of C$48.84. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. Hydro One has a 52 week low of C$42.52 and a 52 week high of C$53.98. The firm has a market capitalization of C$30.50 billion, a PE ratio of 26.82, a P/E/G ratio of 3.17 and a beta of 0.34.

Hydro One Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.3331 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.6%. Hydro One's dividend payout ratio is presently 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.

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