Hydro One Limited (TSE:H) Receives Consensus Rating of “Hold” from Brokerages

Hydro One Limited (TSE:H) has been given an average rating of “Hold” by the nine analysts that are currently covering the firm, MarketBeat.com reports. Eight analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is C$39.83.

Several equities analysts recently commented on the company. Scotiabank reduced their target price on Hydro One from C$40.00 to C$38.00 and set a “sector perform” rating for the company in a research report on Monday, April 22nd. CIBC upped their price objective on shares of Hydro One from C$39.00 to C$40.50 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Finally, National Bankshares lifted their target price on shares of Hydro One from C$38.00 to C$39.00 in a research report on Wednesday, May 15th.

Hydro One Price Performance

TSE H opened at C$39.42 on Friday. The company has a market cap of C$23.63 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 2.90 and a beta of 0.29. The company has a quick ratio of 0.30, a current ratio of 0.63 and a debt-to-equity ratio of 141.04. The firm’s 50-day simple moving average is C$39.34 and its two-hundred day simple moving average is C$39.58. Hydro One has a 52 week low of C$32.79 and a 52 week high of C$41.69.

Hydro One (TSE:H) last issued its earnings results on Tuesday, May 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.01. The business had revenue of C$2.17 billion for the quarter. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. Research analysts predict that Hydro One will post 1.9169847 earnings per share for the current year.

Hydro One Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.314 per share. This is a positive change from Hydro One’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date is Wednesday, June 12th. Hydro One’s dividend payout ratio is currently 68.85%.

About Hydro One

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.