Hydro One Limited (TSE:H) Receives C$45.86 Consensus Target Price from Brokerages

Shares of Hydro One Limited (TSE:H - Get Free Report) have earned a consensus recommendation of "Hold" from the seven analysts that are presently covering the stock, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation. The average 1-year target price among analysts that have covered the stock in the last year is C$46.25.

Several equities analysts have commented on H shares. Jefferies Financial Group lifted their target price on shares of Hydro One from C$45.00 to C$49.00 and gave the stock a "hold" rating in a research report on Tuesday, April 15th. Royal Bank of Canada upped their price objective on Hydro One from C$43.00 to C$46.00 in a research note on Friday, February 21st. Scotiabank raised their target price on Hydro One from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. CIBC boosted their price target on shares of Hydro One from C$46.00 to C$49.00 in a report on Friday, April 4th. Finally, Raymond James decreased their price objective on shares of Hydro One from C$48.00 to C$45.00 and set a "market perform" rating for the company in a report on Thursday.

Hydro One Stock Up 2.1 %

H traded up C$1.07 during midday trading on Tuesday, reaching C$51.12. 898,282 shares of the company were exchanged, compared to its average volume of 1,035,479. The company's fifty day moving average price is C$47.57 and its 200 day moving average price is C$45.79. Hydro One has a one year low of C$37.27 and a one year high of C$51.25. The company has a market cap of C$30.65 billion, a price-to-earnings ratio of 26.96, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. 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 Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.3142 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.26 annualized dividend and a dividend yield of 2.46%. This is a positive change from Hydro One's previous quarterly dividend of $0.31. Hydro One's payout ratio is 66.44%.

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.