Hydro One Limited Plans Quarterly Dividend of $0.31 (TSE:H)

Hydro One Limited (TSE:H) announced a quarterly dividend on Tuesday, August 13th, Zacks reports. Stockholders of record on Wednesday, September 11th will be given a dividend of 0.314 per share on Friday, September 27th. This represents a $1.26 annualized dividend and a dividend yield of 2.85%. The ex-dividend date of this dividend is Wednesday, September 11th.

Hydro One Stock Down 0.9 %

H stock opened at C$44.00 on Thursday. Hydro One has a 52 week low of C$32.79 and a 52 week high of C$44.68. The firm’s 50-day moving average is C$41.01 and its two-hundred day moving average is C$40.24. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 141.04. The company has a market capitalization of C$26.37 billion, a price-to-earnings ratio of 24.26, a price-to-earnings-growth ratio of 2.90 and a beta of 0.29.

Hydro One (TSE:H) last released its earnings results on Tuesday, May 14th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate of C$0.48 by C$0.01. The firm had revenue of C$2.17 billion during the quarter. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. On average, analysts forecast that Hydro One will post 1.9169847 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on H shares. CIBC upped their price target on shares of Hydro One from C$40.50 to C$41.00 and gave the company a “neutral” rating in a research note on Monday, July 22nd. Scotiabank dropped their target price on shares of Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a report on Monday, April 22nd. Finally, National Bankshares increased their target price on shares of Hydro One from C$38.00 to C$39.00 in a report on Wednesday, May 15th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of C$39.89.

Hydro One Company Profile

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.