Hydro One (TSE:H) Stock Crosses Below 50-Day Moving Average - Should You Sell?

Hydro One Limited (TSE:H - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 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 changing hands.

Analyst Ratings Changes

Several equities research analysts recently weighed in on H shares. Raymond James Financial reduced 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. 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. Wells Fargo & Company raised their price target on shares of Hydro One from C$47.00 to C$52.00 in a research report on Friday, May 9th. Finally, BMO Capital Markets raised 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 research report on Friday, May 9th. Seven equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of C$49.67.

Hydro One Stock Down 0.0%

The company's 50 day moving average price is C$50.44 and its two-hundred day moving average price is C$47.41. The firm has a market cap of C$29.36 billion, a PE ratio of 25.82, a PEG ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53.

Hydro One Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be paid a dividend of $0.3331 per share. This is a boost 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 dividend on an annualized basis and a dividend yield of 2.72%. Hydro One's payout ratio is 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.

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