Brokerages Set Hydro One Limited (TSE:H) Target Price at C$51.00

Shares of Hydro One Limited (TSE:H) have been assigned a consensus recommendation of “Hold” from the eight ratings firms that are presently covering the firm, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is C$51.00.

A number of equities analysts have recently commented on H shares. Desjardins set a C$58.00 price objective on Hydro One and gave the stock a “buy” rating in a research report on Tuesday, August 12th. TD Securities boosted their price objective on Hydro One from C$52.00 to C$54.00 and gave the stock a “hold” rating in a research report on Thursday, August 14th. Raymond James Financial boosted their price objective on Hydro One from C$48.00 to C$49.00 and gave the stock a “market perform” rating in a research report on Thursday, August 14th. National Bankshares boosted their price objective on Hydro One from C$47.00 to C$48.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 14th. Finally, CIBC reduced their price target on Hydro One from C$52.00 to C$51.00 in a research report on Monday, July 21st.

Hydro One Price Performance

Shares of TSE H opened at C$50.54 on Tuesday. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. Hydro One has a fifty-two week low of C$42.52 and a fifty-two week high of C$53.98. The stock has a market capitalization of C$30.31 billion, a PE ratio of 24.18, a P/E/G ratio of 3.17 and a beta of 0.30. The business has a fifty day moving average price of C$49.82 and a two-hundred day moving average price of C$49.74.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were given a $0.3331 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Wednesday, September 10th. Hydro One’s payout ratio is 61.04%.

About Hydro One

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.