Hydro One Limited (TSE:H) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Hydro One has a consensus “Hold” rating from nine analysts: six holds, two buys and one sell. The average 12-month price target is C$57.09.
• The company reported quarterly EPS of C$0.65 on C$1.22 billion in revenue, while analysts expect full-year EPS of approximately C$2.06.
• Hydro One raised its quarterly dividend to C$0.3531, or C$1.41 annually, representing a 2.4% yield and a 58.44% payout ratio.

Hydro One Limited (TSE:H - Get Free Report) has received a consensus recommendation of "Hold" from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is C$57.09.

A number of equities analysts recently weighed in on the stock. National Bank Financial boosted their price target on shares of Hydro One from C$56.00 to C$61.00 and gave the stock a "sector perform" rating in a report on Monday, June 1st. BMO Capital Markets lifted their price objective on shares of Hydro One from C$55.00 to C$58.00 and gave the stock a "market perform" rating in a research report on Thursday, May 14th. TD lifted their price objective on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a "hold" rating in a research report on Thursday, May 14th. Raymond James Financial boosted their target price on shares of Hydro One from C$57.00 to C$58.00 and gave the company a "market perform" rating in a research note on Tuesday, April 28th. Finally, Barclays reduced their target price on shares of Hydro One from C$66.00 to C$63.00 in a research report on Friday, April 10th.

Hydro One Stock Performance

Shares of Hydro One stock opened at C$58.40 on Monday. The business's fifty day simple moving average is C$58.05 and its 200 day simple moving average is C$57.45. The firm has a market capitalization of C$35.05 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. Hydro One has a 12 month low of C$48.22 and a 12 month high of C$60.57. The company has a current ratio of 0.54, a quick ratio of 0.30 and a debt-to-equity ratio of 149.17.

Hydro One (TSE:H - Get Free Report) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%.The firm had revenue of C$1.22 billion during the quarter. As a group, analysts anticipate that Hydro One will post 2.0572195 EPS for the current year.

Hydro One Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.3531 dividend. This is an increase from Hydro One's previous quarterly dividend of $0.33. This represents a $1.41 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend was Wednesday, June 10th. Hydro One's dividend payout ratio (DPR) is 58.44%.

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

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