Hydro One Limited (TSE:H - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$49.82 and traded as low as C$49.56. Hydro One shares last traded at C$49.66, with a volume of 940,868 shares traded.
Wall Street Analysts Forecast Growth
Several brokerages recently issued reports on H. Jefferies Financial Group upped their target price on Hydro One from C$45.00 to C$49.00 and gave the company a "hold" rating in a research report on Tuesday, April 15th. BMO Capital Markets upped 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 report on Friday, May 9th. CIBC lifted their target price on shares of Hydro One from C$46.00 to C$49.00 in a research note on Friday, April 4th. Desjardins set a C$58.00 target price on shares of Hydro One and gave the stock a "buy" rating in a research report on Tuesday, May 6th. Finally, Wells Fargo & Company upped their price target on shares of Hydro One from C$47.00 to C$52.00 in a research note on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Hold" and an average price target of C$49.67.
Read Our Latest Report on H
Hydro One Price Performance
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 firm has a market capitalization of C$29.77 billion, a PE ratio of 26.19, a PEG ratio of 3.17 and a beta of 0.34. The stock has a 50-day moving average price of C$49.82 and a 200 day moving average price of C$46.63.
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 given a dividend of $0.3142 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.53%. The ex-dividend date was Wednesday, March 12th. This is an increase from Hydro One's previous quarterly dividend of $0.31. Hydro One's dividend payout ratio is 66.44%.
Hydro One Company Profile
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
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
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
