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

Key Points

• Analysts give Hydro One an average rating of "Hold" (five holds, one buy) with a 12‑month consensus price target of C$53.35, after recent target adjustments from brokers ranging roughly C$50–C$57.
• Shares trade around C$57.59 with a market cap of C$34.5B, a P/E of 25.8 and a 12‑month range of C$46.45–C$60.46; the company carries high leverage (debt‑to‑equity ~151.7%) but reported quarterly EPS of C$0.39 and revenue of C$981M.
• Hydro One declared a quarterly dividend of C$0.3331 (ex‑dividend March 11, paid March 31), equivalent to an annualized C$1.33 and a yield of about 2.3% with a payout ratio near 58.9%.

Shares of Hydro One Limited (TSE:H - Get Free Report) have been given an average rating of "Hold" by the six analysts that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$53.35.

Several brokerages recently weighed in on H. Scotiabank raised their target price on shares of Hydro One from C$51.00 to C$53.00 in a report on Tuesday, December 16th. TD Securities boosted their price target on shares of Hydro One from C$56.00 to C$57.00 and gave the stock a "hold" rating in a report on Wednesday, February 18th. National Bank Financial increased their price objective on shares of Hydro One from C$49.00 to C$53.00 and gave the company a "sector perform" rating in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group reduced their price objective on shares of Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th.

Hydro One Trading Up 1.4%

H opened at C$57.59 on Tuesday. The company has a debt-to-equity ratio of 151.72, a current ratio of 0.61 and a quick ratio of 0.30. The stock has a market capitalization of C$34.54 billion, a price-to-earnings ratio of 25.83, a PEG ratio of 3.17 and a beta of 0.33. The business has a fifty day moving average price of C$56.62 and a 200 day moving average price of C$53.81. Hydro One has a 12 month low of C$46.45 and a 12 month high of C$60.46.

Hydro One (TSE:H - Get Free Report) last announced its quarterly earnings data on Friday, February 13th. The company reported C$0.39 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 10.73% and a net margin of 14.81%.The business had revenue of C$981.00 million during the quarter. Sell-side analysts expect that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a $0.3331 dividend. The ex-dividend date is Wednesday, March 11th. This represents a $1.33 dividend on an annualized basis and a yield of 2.3%. Hydro One's dividend payout ratio (DPR) is currently 58.90%.

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. The province of Ontario holds an approximate 47% common equity stake.

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