Hydro One Limited (TSE:H) Receives C$53.35 Average Price Target from Analysts

Hydro One Limited (TSE:H) has been given a consensus rating of “Hold” by the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is C$54.50.

Several research firms recently commented on H. TD Securities boosted their price objective on shares of Hydro One from C$56.00 to C$57.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th. National Bank Financial raised their target price on shares of Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Barclays set a C$66.00 target price on shares of Hydro One and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group reduced their price target on shares of Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th. Finally, Scotiabank increased their price target on shares of Hydro One from C$51.00 to C$53.00 in a research report on Tuesday, December 16th.

Hydro One Trading Up 0.6%

Shares of H opened at C$58.25 on Tuesday. Hydro One has a twelve month low of C$46.45 and a twelve month high of C$60.46. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 151.72. The firm has a market capitalization of C$34.94 billion, a P/E ratio of 26.12, a PEG ratio of 3.17 and a beta of 0.33. The firm’s 50-day moving average is C$56.90 and its two-hundred day moving average is C$53.93.

Hydro One (TSE:H) last posted its earnings results 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%. On average, research analysts predict that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were issued a dividend of $0.3331 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Wednesday, March 11th. Hydro One’s dividend payout ratio is 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.