Hydro One (TSE:H) Price Target Raised to C$43.00 at Royal Bank of Canada

Hydro One (TSE:H) had its target price raised by Royal Bank of Canada from C$41.00 to C$43.00 in a research report sent to investors on Thursday morning, BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other analysts also recently commented on the company. National Bankshares upped their target price on Hydro One from C$40.00 to C$45.00 and gave the stock a sector perform rating in a research note on Friday, August 23rd. Wells Fargo & Company increased their target price on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Raymond James increased their target price on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. BMO Capital Markets increased their target price on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Finally, CIBC increased their target price on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hydro One presently has an average rating of Hold and a consensus target price of C$43.00.

Hydro One Price Performance

H opened at C$44.63 on Thursday. 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 business has a fifty day moving average of C$44.97 and a 200 day moving average of C$41.49. The stock has a market cap of C$26.75 billion, a P/E ratio of 23.86, a PEG ratio of 3.14 and a beta of 0.34. Hydro One has a 52-week low of C$33.91 and a 52-week high of C$48.05.

Hydro One (TSE:H) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, topping the consensus estimate of C$0.48 by C$0.01. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. The firm had revenue of C$2.03 billion during the quarter. As a group, sell-side analysts anticipate that Hydro One will post 1.9902525 EPS for the current year.

Hydro One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 27th were given a dividend of $0.314 per share. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.81%. Hydro One’s dividend payout ratio is currently 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.