Hydro One (TSE:H) PT Lowered to C$38.00 at Scotiabank

Hydro One (TSE:H - Free Report) had its target price lowered by Scotiabank from C$40.00 to C$38.00 in a research report report published on Monday, BayStreet.CA reports. The firm currently has a sector perform rating on the stock.

A number of other equities analysts also recently weighed in on the stock. National Bankshares boosted their target price 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. 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 note on Wednesday, February 14th. 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. Royal Bank of Canada lifted their target price on 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. Finally, TD Securities increased their price target 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 analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Hydro One currently has an average rating of Hold and a consensus target price of C$39.56.

Hydro One Stock Performance

Shares of Hydro One stock traded up C$0.23 during midday trading on Monday, hitting C$38.03. The company had a trading volume of 453,121 shares, compared to its average volume of 884,726. 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 business's 50 day simple moving average is C$39.98 and its two-hundred day simple moving average is C$38.77. Hydro One has a 1-year low of C$32.79 and a 1-year high of C$41.69. The stock has a market cap of C$22.78 billion, a PE ratio of 21.06, a P/E/G ratio of 2.90 and a beta of 0.31.

Hydro One (TSE:H - Get Free Report) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting 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 for the quarter. As a group, equities analysts predict that Hydro One will post 1.9103751 EPS for the current fiscal year.

Hydro One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were issued a dividend of $0.296 per share. The ex-dividend date was Tuesday, March 12th. This represents a $1.18 dividend on an annualized basis and a yield of 3.11%. Hydro One's payout ratio is currently 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.