Hydro One Limited (TSE:H) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Hydro One Limited has received a consensus recommendation of "Hold" from nine research firms, with eight recommending hold and one recommending buy.
• The average 12-month price target for Hydro One shares among brokers is C$51.00, reflecting mixed sentiment among analysts.
• The company has declared a quarterly dividend of $0.3331, providing an annualized yield of 2.7% and a payout ratio of 61.04%.

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

Several research analysts recently commented on H shares. Raymond James Financial increased their price objective on Hydro One from C$48.00 to C$49.00 and gave the company a "market perform" rating in a research note on Thursday, August 14th. National Bankshares increased their price objective 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. TD Securities boosted their price target on shares of Hydro One from C$52.00 to C$54.00 and gave the company a "hold" rating in a research note on Thursday, August 14th. CIBC dropped their target price on Hydro One from C$52.00 to C$51.00 in a research report on Monday, July 21st. Finally, Desjardins set a C$58.00 price objective on shares of Hydro One and gave the stock a "buy" rating in a research report on Tuesday, August 12th.

Hydro One Price Performance

Shares of TSE H traded up C$0.23 during trading on Friday, hitting C$48.69. The company had a trading volume of 82,406 shares, compared to its average volume of 1,028,159. The stock has a fifty day simple moving average of C$49.63 and a two-hundred day simple moving average of C$49.55. Hydro One has a fifty-two week low of C$42.52 and a fifty-two week high of C$53.98. The firm has a market capitalization of C$29.20 billion, a price-to-earnings ratio of 23.30, a price-to-earnings-growth ratio of 3.17 and a beta of 0.37. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be paid a dividend of $0.3331 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date is Wednesday, September 10th. Hydro One's dividend payout ratio (DPR) 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.