Hydro One Limited (TSE:H - Get Free Report) hit a new 52-week high on Wednesday . The company traded as high as C$52.09 and last traded at C$51.87, with a volume of 512786 shares. The stock had previously closed at C$51.58.
Analyst Upgrades and Downgrades
A number of analysts have recently issued reports on H shares. Raymond James dropped their price objective on shares of Hydro One from C$48.00 to C$45.00 and set a "market perform" rating for the company in a report on Thursday, April 17th. Jefferies Financial Group upped their price objective on Hydro One from C$45.00 to C$49.00 and gave the stock a "hold" rating in a report on Tuesday, April 15th. Scotiabank boosted their target price on Hydro One from C$45.00 to C$46.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Royal Bank of Canada upped their target price on Hydro One from C$43.00 to C$46.00 in a research note on Friday, February 21st. Finally, CIBC lifted their price target on shares of Hydro One from C$46.00 to C$49.00 in a research note on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of C$46.25.
Check Out Our Latest Stock Report on Hydro One
Hydro One Stock Performance
The firm has a market cap of C$31.29 billion, a P/E ratio of 27.52, a P/E/G ratio of 3.17 and a beta of 0.34. 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 business has a fifty day simple moving average of C$48.96 and a 200-day simple moving average of C$46.24.
Hydro One Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.3142 dividend. The ex-dividend date was Wednesday, March 12th. This represents a $1.26 annualized dividend and a dividend yield of 2.41%. This is an increase from Hydro One's previous quarterly dividend of $0.31. Hydro One's dividend payout ratio is presently 66.44%.
About Hydro One
(
Get Free Report)
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.
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