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

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

Other research analysts also recently issued research reports about the stock. 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. Wells Fargo & Company boosted their price objective on shares of Hydro One from C$39.00 to C$40.00 and gave the stock an equal weight rating in a research report on Wednesday, February 14th. CIBC reduced their price objective on shares of Hydro One from C$40.00 to C$39.00 and set a neutral rating for the company in a research report on Friday. TD Securities boosted their price objective on shares of Hydro One from C$37.00 to C$39.00 and gave the stock a hold rating in a research report on Wednesday, February 14th. Finally, Raymond James boosted their price objective on shares of Hydro One from C$40.00 to C$41.00 and gave the stock a market perform rating in a research report on Wednesday, February 14th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, Hydro One presently has a consensus rating of Hold and an average target price of C$39.56.

Hydro One Stock Up 0.6 %

Shares of Hydro One stock opened at C$38.03 on Monday. Hydro One has a 52-week low of C$32.79 and a 52-week high of C$41.69. The company has a 50 day moving average of C$39.94 and a 200 day moving average of C$38.79. The company has a quick ratio of 0.30, a current ratio of 0.50 and a debt-to-equity ratio of 133.77. The company has a market capitalization of C$22.78 billion, a P/E ratio of 21.01, a P/E/G ratio of 2.90 and a beta of 0.31.

Hydro One (TSE:H) last issued its quarterly earnings results on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of C$0.30. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. The company had revenue of C$1.98 billion during the quarter. As a group, research analysts forecast that Hydro One will post 1.9103751 EPS for the current fiscal year.

Hydro One Dividend Announcement

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