Wells Fargo & Company Boosts Hydro One (TSE:H) Price Target to C$46.00

Hydro One (TSE:H) had its price target increased by Wells Fargo & Company from C$42.00 to C$46.00 in a report released on Monday morning, BayStreet.CA reports.

Several other analysts have also recently commented on the company. Scotiabank decreased their target price on Hydro One from C$40.00 to C$38.00 and set a sector perform rating for the company in a research report on Monday, April 22nd. National Bankshares increased their price target on shares of Hydro One from C$39.00 to C$40.00 in a research report on Thursday, August 15th. CIBC raised their price target on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Finally, BMO Capital Markets lowered shares of Hydro One from an outperform rating to a market perform rating in a research note on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company presently has an average rating of Hold and a consensus price target of C$41.38.

Hydro One Stock Performance

Shares of TSE H opened at C$44.80 on Monday. The stock’s fifty day simple moving average is C$41.51 and its 200 day simple moving average is C$40.42. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. The stock has a market capitalization of C$26.85 billion, a price-to-earnings ratio of 23.96, a PEG ratio of 3.14 and a beta of 0.34. Hydro One has a 52-week low of C$32.79 and a 52-week high of C$45.05.

Hydro One Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th will be given a $0.314 dividend. This represents a $1.26 annualized dividend and a yield of 2.80%. The ex-dividend date of this dividend is Wednesday, September 11th. Hydro One’s dividend payout ratio is 67.38%.

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.