Hydro One (TSE:H) had its price objective reduced by National Bank Financial from C$23.00 to C$21.00 in a report released on Friday. They currently have a sector perform rating on the stock. National Bank Financial also issued estimates for Hydro One’s FY2019 earnings at $1.28 EPS.
Other research analysts have also recently issued reports about the company. Industrial Alliance Securities reduced their price objective on Hydro One from C$24.00 to C$21.00 in a research report on Tuesday, October 9th. TD Securities reduced their price objective on Hydro One from C$21.00 to C$20.00 in a research report on Wednesday, August 15th. BMO Capital Markets reduced their price objective on Hydro One from C$22.50 to C$21.00 in a research report on Tuesday, July 24th. CIBC reduced their price objective on Hydro One from C$24.00 to C$20.50 in a research report on Thursday, July 12th. Finally, CSFB cut Hydro One from an outperform rating to a neutral rating and set a C$22.00 price objective for the company. in a research report on Thursday, July 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average target price of C$21.28.
TSE:H traded down C$0.10 on Friday, reaching C$19.30. The company’s stock had a trading volume of 908,000 shares, compared to its average volume of 741,729. Hydro One has a 1-year low of C$18.57 and a 1-year high of C$23.04. The company has a debt-to-equity ratio of 124.75, a current ratio of 0.79 and a quick ratio of 0.73.
The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Tuesday, December 11th will be paid a dividend of $0.23 per share. The ex-dividend date is Monday, December 10th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.77%. Hydro One’s dividend payout ratio (DPR) is currently 69.17%.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.
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