Hydro One (TSE:H) PT Lowered to C$37.00 at BMO Capital Markets

Hydro One (TSE:HGet Rating) had its price target decreased by BMO Capital Markets from C$38.00 to C$37.00 in a report published on Tuesday, BayStreet.CA reports.

H has been the subject of a number of other research reports. Credit Suisse Group boosted their target price on shares of Hydro One to C$36.00 in a research report on Tuesday, August 30th. Scotiabank boosted their target price on shares of Hydro One from C$35.00 to C$36.00 in a research report on Wednesday, August 10th. CSFB boosted their price objective on shares of Hydro One from C$34.50 to C$36.00 in a report on Tuesday, August 30th. National Bankshares boosted their price objective on shares of Hydro One from C$34.00 to C$36.00 and gave the stock a sector perform rating in a report on Wednesday, August 10th. Finally, TD Securities boosted their price objective on shares of Hydro One from C$34.00 to C$35.00 and gave the stock a hold rating in a report on Wednesday, August 10th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat, Hydro One has an average rating of Hold and a consensus price target of C$35.78.

Hydro One Trading Up 0.7 %

Hydro One stock opened at C$35.14 on Tuesday. The firm has a 50 day simple moving average of C$35.46 and a 200-day simple moving average of C$34.74. The company has a debt-to-equity ratio of 129.22, a current ratio of 0.39 and a quick ratio of 0.30. The stock has a market capitalization of C$21.04 billion and a PE ratio of 20.67. Hydro One has a 12-month low of C$29.13 and a 12-month high of C$36.44.

Hydro One (TSE:HGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported C$0.42 earnings per share for the quarter, hitting analysts’ consensus estimates of C$0.42. The business had revenue of C$1.84 billion for the quarter. As a group, equities research analysts expect that Hydro One will post 1.7100001 EPS for the current fiscal year.

Hydro One Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, September 14th will be given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Tuesday, September 13th. Hydro One’s dividend payout ratio is 65.88%.

About Hydro One

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Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.

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Analyst Recommendations for Hydro One (TSE:H)

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