Hydro One Limited (TSE:H) Given Average Recommendation of "Hold" by Brokerages

Hydro One Limited (TSE:H - Get Free Report) has been given an average recommendation of "Hold" by the eight research firms that are covering the firm, MarketBeat.com reports. Seven investment 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 analysts that have issued ratings on the stock in the last year is C$49.67.

H has been the subject of a number of research analyst reports. Royal Bank of Canada increased their price target on shares of Hydro One from C$46.00 to C$53.00 in a report on Friday. BMO Capital Markets increased their price target on shares of Hydro One from C$46.00 to C$50.00 and gave the company a "market perform" rating in a report on Friday. Wells Fargo & Company raised their target price on shares of Hydro One from C$47.00 to C$52.00 in a report on Friday. Jefferies Financial Group raised their target price 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. Finally, Desjardins set a C$58.00 target price on shares of Hydro One and gave the company a "buy" rating in a report on Tuesday, May 6th.

Hydro One Stock Down 1.2%

Shares of TSE:H traded down C$0.59 during trading on Friday, hitting C$49.22. 58,354 shares of the company were exchanged, compared to its average volume of 994,227. The stock has a market capitalization of C$29.51 billion, a P/E ratio of 25.95, a PEG ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. Hydro One has a 12-month low of C$38.24 and a 12-month high of C$53.98. The firm's 50 day moving average price is C$49.64 and its 200-day moving average price is C$46.50.

Hydro One Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.3142 dividend. This is a positive change from Hydro One's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, March 12th. This represents a $1.26 dividend on an annualized basis and a yield of 2.55%. Hydro One's dividend payout ratio (DPR) is currently 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.