Hydro One (TSE:H) PT Lowered to C$39.00 at CIBC

Hydro One (TSE:H - Free Report) had its price objective decreased by CIBC from C$40.00 to C$39.00 in a research note published on Friday, BayStreet.CA reports. CIBC currently has a neutral rating on the stock.

Other equities research analysts also recently issued research reports about the stock. TD Securities lifted 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. Raymond James lifted their price target on shares of 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. National Bankshares lifted their price target on shares of Hydro One from C$35.00 to C$38.00 and gave the stock a sector perform rating in a research note on Tuesday, January 30th. Royal Bank of Canada lifted 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. Finally, Wells Fargo & Company lifted their price target on shares of Hydro One from C$39.00 to C$40.00 and gave the stock an equal weight rating in a research note on Wednesday, February 14th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and a consensus price target of C$39.78.

Hydro One Stock Performance

Shares of Hydro One stock traded up C$0.05 during midday trading on Friday, hitting C$37.80. The company had a trading volume of 540,139 shares, compared to its average volume of 890,256. The business's 50 day simple moving average is C$39.98 and its two-hundred day simple moving average is C$38.70. The stock has a market cap of C$22.65 billion, a PE 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. 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 quarterly earnings data on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, hitting the consensus estimate of C$0.30. The business had revenue of C$1.98 billion for the quarter. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. As a group, equities analysts predict that Hydro One will post 1.9103751 EPS for the current fiscal year.

Hydro One Dividend Announcement

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