Hydro One (TSE:H) Shares Cross Below Fifty Day Moving Average of $40.02

Hydro One Limited (TSE:H - Get Free Report) shares passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$40.02 and traded as low as C$37.52. Hydro One shares last traded at C$37.75, with a volume of 1,196,919 shares traded.

Analyst Upgrades and Downgrades

Several analysts have issued reports on H shares. CIBC dropped their price objective on Hydro One from C$40.00 to C$39.00 and set a "neutral" rating on the stock in a research note on Friday. Wells Fargo & Company upped their price objective on Hydro One from C$39.00 to C$40.00 and gave the company an "equal weight" rating in a research note on Wednesday, February 14th. Raymond James upped their price objective on Hydro One from C$40.00 to C$41.00 and gave the company a "market perform" rating in a research note on Wednesday, February 14th. Scotiabank upped their price objective on 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. Finally, TD Securities upped their price objective 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. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of C$39.78.

Hydro One Stock Up 0.1 %

The firm has a market cap of C$22.65 billion, a price-to-earnings ratio of 20.88, a P/E/G ratio of 2.90 and a beta of 0.31. The company has a debt-to-equity ratio of 133.77, a current ratio of 0.50 and a quick ratio of 0.30. The stock has a 50-day moving average of C$39.98 and a 200-day moving average of C$38.70.

Hydro One (TSE:H - Get Free Report) last issued its earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share for the quarter, meeting analysts' consensus estimates of C$0.30. The firm had revenue of C$1.98 billion for 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 Limited will post 1.9103751 EPS for the current fiscal year.

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Thursday, March 28th were paid a $0.296 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date was Tuesday, March 12th. Hydro One's payout ratio is 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.