Jefferies Financial Group Increases Hydro One (TSE:H) Price Target to C$49.00

Hydro One (TSE:H) had its target price upped by Jefferies Financial Group from C$45.00 to C$49.00 in a research report sent to investors on Tuesday,BayStreet.CA reports. They currently have a hold rating on the stock.

Other research analysts also recently issued reports about the stock. Royal Bank of Canada raised their price objective on shares of Hydro One from C$43.00 to C$46.00 in a research report on Friday, February 21st. CIBC boosted their target price on shares of Hydro One from C$46.00 to C$49.00 in a report on Friday, April 4th. Finally, Scotiabank increased their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Six analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of C$46.25.

Hydro One Price Performance

H stock opened at C$49.76 on Tuesday. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. Hydro One has a fifty-two week low of C$37.27 and a fifty-two week high of C$51.24. The stock has a market cap of C$29.83 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 3.17 and a beta of 0.34. The business has a 50 day moving average price of C$47.25 and a 200 day moving average price of C$45.70.

Hydro One Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.3142 dividend. The ex-dividend date was Wednesday, March 12th. This is a boost from Hydro One’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 2.53%. Hydro One’s dividend payout ratio is currently 66.44%.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.