Hydro One Limited (TSE:H - Get Free Report) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$50.44 and traded as low as C$48.83. Hydro One shares last traded at C$48.97, with a volume of 990,286 shares traded.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Desjardins set a C$58.00 target price on Hydro One and gave the company a "buy" rating in a report on Tuesday, May 6th. Wells Fargo & Company raised their price objective on shares of Hydro One from C$47.00 to C$52.00 in a research note on Friday, May 9th. Royal Bank Of Canada raised their price target on shares of Hydro One from C$46.00 to C$53.00 in a research report on Friday, May 9th. CIBC raised their price target on shares of Hydro One from C$46.00 to C$49.00 in a research report on Friday, April 4th. Finally, Raymond James Financial decreased their price target on shares of Hydro One from C$48.00 to C$45.00 and set a "market perform" rating for the company in a research report on Thursday, April 17th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of C$49.67.
Read Our Latest Analysis on H
Hydro One Trading Down 0.1%
The stock has a market capitalization of C$29.16 billion, a price-to-earnings ratio of 25.64, a PEG ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. The business has a 50-day moving average of C$50.47 and a 200-day moving average of C$47.45.
Hydro One Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.3331 per share. This is an increase from Hydro One's previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, June 11th. This represents a $1.33 annualized dividend and a dividend yield of 2.74%. Hydro One's dividend payout ratio is 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.
Recommended Stories
Before you consider Hydro One, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hydro One wasn't on the list.
While Hydro One currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
