Hydro One (TSE:H – Free Report) 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.
Check Out Our Latest Research Report on Hydro One
Hydro One Stock Performance
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.
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