Hydro One Limited (TSE:H) Given Consensus Rating of “Hold” by Analysts

Shares of Hydro One Limited (TSE:H) have received a consensus recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is C$39.89.

A number of equities research analysts have recently issued reports on H shares. Royal Bank of Canada increased their target price on Hydro One from C$37.00 to C$41.00 and gave the company a “sector perform” rating in a research note on Wednesday, February 14th. Scotiabank raised 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. National Bankshares raised their price objective on Hydro One from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a research note on Tuesday, January 30th. CIBC raised their price objective on Hydro One from C$38.00 to C$40.00 and gave the company a “neutral” rating in a research note on Tuesday, January 9th. Finally, Wells Fargo & Company raised 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.

Hydro One Stock Performance

Shares of TSE:H opened at C$37.75 on Friday. The firm has a market capitalization of C$22.62 billion, a PE ratio of 20.86, 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 business has a 50-day moving average of C$40.02 and a two-hundred day moving average of C$38.67. Hydro One has a 12 month low of C$32.79 and a 12 month high of C$41.69.

Hydro One (TSE:H) last announced its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, hitting the consensus estimate of C$0.30. The company had revenue of C$1.98 billion during the quarter. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. As a group, research analysts forecast that Hydro One will post 1.9103751 earnings per share for the current 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 given a dividend of $0.296 per share. This represents a $1.18 annualized dividend and a dividend yield of 3.14%. The ex-dividend date was Tuesday, March 12th. Hydro One’s dividend payout ratio (DPR) is presently 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.