Hydro One Limited (TSE:H) Given Average Recommendation of “Hold” by Brokerages

Shares of Hydro One Limited (TSE:H) have received an average rating of “Hold” from the eight analysts that are presently covering the firm, MarketBeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$43.25.

Separately, CIBC boosted their target price on Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th.

Insider Buying and Selling

In other news, Director Stacey Mowbray bought 700 shares of the stock in a transaction on Monday, December 23rd. The shares were bought at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the acquisition, the director now owns 700 shares of the company’s stock, valued at approximately C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is owned by insiders.

Hydro One Trading Down 0.6 %

H opened at C$44.85 on Thursday. The business’s 50-day simple moving average is C$44.54 and its 200-day simple moving average is C$44.76. The company has a market cap of C$26.88 billion, a P/E ratio of 23.98, a PEG ratio of 3.17 and a beta of 0.34. Hydro One has a one year low of C$37.27 and a one year high of C$48.05. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40.

Hydro One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were paid a dividend of $0.314 per share. The ex-dividend date was Wednesday, December 11th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.80%. Hydro One’s dividend payout ratio (DPR) is presently 67.38%.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.