Hydro One (TSE:H) Stock Passes Below 50-Day Moving Average of $40.29

Hydro One Limited (TSE:H - Get Free Report)'s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$40.29 and traded as low as C$38.07. Hydro One shares last traded at C$38.40, with a volume of 781,670 shares changing hands.

Wall Street Analysts Forecast Growth

Several research firms have commented on H. Royal Bank of Canada boosted 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 research note on Wednesday, February 14th. TD Securities boosted their price target on shares of Hydro One from C$37.00 to C$39.00 and gave the stock a "hold" rating in a research note on Wednesday, February 14th. National Bankshares lifted their price objective on shares of Hydro One from C$35.00 to C$38.00 and gave the stock a "sector perform" rating in a research report on Tuesday, January 30th. Scotiabank lifted their price objective on shares of Hydro One from C$35.00 to C$40.00 and gave the stock a "sector perform" rating in a research report on Wednesday, January 24th. Finally, Wells Fargo & Company lifted their price objective on shares of Hydro One from C$39.00 to C$40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, February 14th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, Hydro One currently has an average rating of "Hold" and a consensus target price of C$39.89.

Hydro One Stock Down 0.9 %

The business's fifty day moving average price is C$40.25 and its 200 day moving average price is C$38.56. The company has a quick ratio of 0.30, a current ratio of 0.50 and a debt-to-equity ratio of 133.77. The firm has a market capitalization of C$22.79 billion, a PE ratio of 21.02, a PEG ratio of 2.90 and a beta of 0.31.

Hydro One (TSE:H - Get Free Report) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of C$0.30. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. The business had revenue of C$1.98 billion for the quarter. On average, equities research analysts forecast that Hydro One Limited will post 1.9103751 earnings per share for the current fiscal year.

Hydro One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders 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 3.11%. Hydro One's payout ratio is currently 65.75%.

Hydro One Company Profile

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.