Hydro One (TSE:H) Price Target Raised to C$49.00

Hydro One (TSE:H - Free Report) had its price objective upped by Jefferies Financial Group from C$45.00 to C$49.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. Jefferies Financial Group currently has a hold rating on the stock.

H has been the topic of a number of other research reports. 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. Scotiabank lifted their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Finally, Royal Bank of Canada upped their target price on shares of Hydro One from C$43.00 to C$46.00 in a research note on Friday, February 21st. Seven equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$46.25.

Hydro One Stock Performance

Shares of H stock traded up C$1.07 during mid-day trading on Tuesday, reaching C$51.12. The stock had a trading volume of 898,282 shares, compared to its average volume of 1,035,479. Hydro One has a one year low of C$37.27 and a one year high of C$51.25. The firm has a market cap of C$30.65 billion, a PE ratio of 26.96, a P/E/G ratio of 3.17 and a beta of 0.34. The firm's 50 day simple moving average is C$47.57 and its 200 day simple moving average is C$45.79. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Hydro One Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a $0.3142 dividend. The ex-dividend date of this dividend was Wednesday, March 12th. This is a positive change from Hydro One's previous quarterly dividend of $0.31. This represents a $1.26 dividend on an annualized basis and a yield of 2.46%. 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.