Hydro One (TSE:H) Reaches New 52-Week High – Should You Buy?

Hydro One Limited (TSE:H) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$60.44 and last traded at C$59.91, with a volume of 42105 shares changing hands. The stock had previously closed at C$60.09.

Analyst Ratings Changes

A number of analysts recently commented on H shares. Scotiabank lifted their target price on shares of Hydro One from C$51.00 to C$53.00 in a research note on Tuesday, December 16th. TD Securities upped their price target on shares of Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a research note on Wednesday, February 18th. Jefferies Financial Group decreased their price target on shares of Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th. Finally, National Bank Financial lifted their target price on Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th. One analyst has rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, Hydro One currently has a consensus rating of “Hold” and a consensus target price of C$53.35.

Hydro One Stock Performance

The firm has a market cap of C$35.90 billion, a price-to-earnings ratio of 26.84, a P/E/G ratio of 3.17 and a beta of 0.33. The business’s 50-day simple moving average is C$55.87 and its two-hundred day simple moving average is C$53.31. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 151.72.

Hydro One (TSE:H) last issued its quarterly earnings data on Friday, February 13th. The company reported C$0.39 EPS for the quarter. The company had revenue of C$981.00 million for the quarter. Hydro One had a return on equity of 10.73% and a net margin of 14.81%. As a group, sell-side analysts expect that Hydro One Limited will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be paid a $0.3331 dividend. The ex-dividend date of this dividend is Wednesday, March 11th. This represents a $1.33 dividend on an annualized basis and a yield of 2.2%. Hydro One’s dividend payout ratio (DPR) is currently 58.90%.

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. The province of Ontario holds an approximate 47% common equity stake.