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

Hydro One Limited (TSE:H - Get Free Report) has been given an average recommendation of "Hold" by the eight analysts that are currently covering the company, Marketbeat reports. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is C$49.67.

Several brokerages have recently weighed in on H. BMO Capital Markets increased their price objective on shares of Hydro One from C$46.00 to C$50.00 and gave the company a "market perform" rating in a research report on Friday, May 9th. Royal Bank of Canada boosted their price target on Hydro One from C$46.00 to C$53.00 in a research note on Friday, May 9th. Wells Fargo & Company lifted their target price on Hydro One from C$47.00 to C$52.00 in a report on Friday, May 9th. Desjardins set a C$58.00 price target on shares of Hydro One and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Jefferies Financial Group boosted their price objective on shares of Hydro One from C$45.00 to C$49.00 and gave the company a "hold" rating in a report on Tuesday, April 15th.

Hydro One Stock Up 0.3%

H traded up C$0.16 during trading on Wednesday, hitting C$49.86. The company had a trading volume of 646,194 shares, compared to its average volume of 1,006,729. The firm's 50-day moving average price is C$50.32 and its 200 day moving average price is C$47.16. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. The company has a market capitalization of C$29.89 billion, a PE ratio of 26.29, a PEG ratio of 3.17 and a beta of 0.34. Hydro One has a one year low of C$38.24 and a one year high of C$53.98.

Hydro One Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a $0.3331 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date is Wednesday, June 11th. This is a positive change from Hydro One's previous quarterly dividend of $0.31. Hydro One's dividend payout ratio (DPR) is currently 66.44%.

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.