Hydro One Limited (TSE:H) Receives Average Rating of "Hold" from Analysts

Shares of Hydro One Limited (TSE:H - Get Free Report) have been assigned an average rating of "Hold" from the nine brokerages that are covering the company, MarketBeat reports. Eight analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is C$39.78.

Several equities analysts have issued reports on the stock. Scotiabank boosted their price objective on shares of Hydro One from C$35.00 to C$40.00 and gave the company a "sector perform" rating in a research note on Wednesday, January 24th. Royal Bank of Canada increased their price target on shares of Hydro One from C$37.00 to C$41.00 and gave the stock a "sector perform" rating in a report on Wednesday, February 14th. CIBC lowered their price objective on Hydro One from C$40.00 to C$39.00 and set a "neutral" rating on the stock in a report on Friday. TD Securities lifted their price target on Hydro One from C$37.00 to C$39.00 and gave the company a "hold" rating in a research note on Wednesday, February 14th. Finally, Raymond James increased their price objective on Hydro One from C$40.00 to C$41.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 14th.

Hydro One Stock Up 0.1 %

Shares of TSE H traded up C$0.05 during mid-day trading on Friday, reaching C$37.80. The company had a trading volume of 540,139 shares, compared to its average volume of 890,256. Hydro One has a 52-week low of C$32.79 and a 52-week high of C$41.69. The stock has a market cap of C$22.65 billion, a P/E ratio of 20.88, a PEG ratio of 2.90 and a beta of 0.31. The company has a current ratio of 0.50, a quick ratio of 0.30 and a debt-to-equity ratio of 133.77. The firm has a 50 day simple moving average of C$39.98 and a two-hundred day simple moving average of C$38.70.

Hydro One (TSE:H - Get Free Report) last announced its earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of C$0.30. The firm had revenue of C$1.98 billion during the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. Sell-side analysts predict that Hydro One will post 1.9103751 earnings per share for the current year.

Hydro One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, March 28th were given a dividend of $0.296 per share. The ex-dividend date was Tuesday, March 12th. This represents a $1.18 annualized dividend and a yield of 3.13%. Hydro One's dividend payout ratio (DPR) is presently 65.75%.

About Hydro One

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.