Hydro One Limited (TSE:H - Get Free Report) declared a quarterly dividend on Tuesday, May 14th, Zacks reports. Stockholders of record on Wednesday, June 12th will be paid a dividend of 0.314 per share on Friday, June 28th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Wednesday, June 12th. This is a positive change from Hydro One's previous quarterly dividend of $0.30.
Hydro One Price Performance
TSE:H traded down C$0.05 on Wednesday, reaching C$40.58. The stock had a trading volume of 1,028,963 shares, compared to its average volume of 853,855. The company has a market capitalization of C$24.31 billion, a P/E ratio of 22.42, a price-to-earnings-growth ratio of 2.90 and a beta of 0.29. The stock has a fifty day moving average price of C$39.48 and a 200-day moving average price of C$39.23. The company has a quick ratio of 0.30, a current ratio of 0.50 and a debt-to-equity ratio of 133.77. Hydro One has a 1-year low of C$32.79 and a 1-year high of C$41.69.
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 for the quarter, meeting analysts' consensus estimates of C$0.30. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. The company had revenue of C$1.98 billion during the quarter. Research analysts forecast that Hydro One will post 1.9083782 EPS for the current year.
Wall Street Analyst Weigh In
H has been the subject of several analyst reports. Scotiabank lowered their price target on shares of Hydro One from C$40.00 to C$38.00 and set a "sector perform" rating for the company in a research report on Monday, April 22nd. Wells Fargo & Company upped their target price on shares of Hydro One from C$39.00 to C$40.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 14th. National Bankshares raised their price target on Hydro One from C$38.00 to C$39.00 in a research report on Wednesday. Raymond James lifted 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 note on Wednesday, February 14th. Finally, TD Securities raised their target price on Hydro One from C$37.00 to C$39.00 and gave the stock a "hold" rating in a report on Wednesday, February 14th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, Hydro One presently has a consensus rating of "Hold" and an average price target of C$39.83.
Check Out Our Latest Research Report on H
About Hydro One
(
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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.
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