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

Key Points

• Hydro One Limited has received a consensus recommendation of "Hold" from eight research firms, with seven hold ratings and one buy recommendation.
• The company's average twelve-month price target among analysts is C$51.00, with recent target price adjustments from various firms reflecting cautious outlooks for the stock.
• Hydro One additionally announced a quarterly dividend of $0.3331 per share, representing an annualized yield of 2.7% and a payout ratio of 61.04%.

Hydro One Limited (TSE:H - Get Free Report) has received a consensus recommendation of "Hold" from the eight research firms that are covering the stock, MarketBeat Ratings reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$51.00.

A number of analysts recently commented on H shares. Desjardins set a C$58.00 target price on shares of Hydro One and gave the stock a "buy" rating in a report on Tuesday, August 12th. TD Securities boosted 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 report on Thursday, August 14th. National Bankshares boosted 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 report on Thursday, August 14th. Raymond James Financial boosted 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 report on Thursday, August 14th. Finally, CIBC dropped their target price on shares of Hydro One from C$52.00 to C$51.00 in a report on Monday, July 21st.

Hydro One Price Performance

Shares of TSE H opened at C$49.49 on Tuesday. The firm has a 50-day moving average of C$49.75 and a two-hundred day moving average of C$49.69. The company has a market capitalization of C$29.68 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 3.17 and a beta of 0.30. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. Hydro One has a twelve month low of C$42.52 and a twelve month high of C$53.98.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a dividend of $0.3331 per share. The ex-dividend date of this dividend was Wednesday, September 10th. This represents a $1.33 dividend on an annualized basis and a yield of 2.7%. Hydro One's dividend payout ratio is currently 61.04%.

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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