Hydro One Limited (TSE:H) Plans Quarterly Dividend of $0.31

Hydro One Limited (TSE:H) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Wednesday, December 11th will be paid a dividend of 0.314 per share on Tuesday, December 31st. This represents a $1.26 dividend on an annualized basis and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, December 11th.

Hydro One Stock Performance

Shares of H stock opened at C$44.46 on Friday. The company has a market capitalization of C$26.65 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.17 and a beta of 0.34. The business’s 50 day moving average is C$45.66 and its two-hundred day moving average is C$42.33. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. Hydro One has a 12-month low of C$37.04 and a 12-month high of C$48.05.

Hydro One (TSE:H) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.01. The company had revenue of C$2.03 billion for the quarter. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. Analysts expect that Hydro One will post 2.0572195 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Royal Bank of Canada increased their target price on Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. National Bankshares increased their target price on Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a report on Friday, August 23rd. 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. Raymond James increased their target price on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Finally, 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. Eight research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and an average target price of C$43.00.

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.