Hydro One (TSE:H – Free Report) had its price target hoisted by CIBC from C$40.50 to C$41.00 in a report issued on Monday, BayStreet.CA reports. They currently have a neutral rating on the stock.
Several other research analysts have also issued reports on H. Scotiabank cut their target price on shares of 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. National Bankshares upped their price target on shares of Hydro One from C$38.00 to C$39.00 in a research report on Wednesday, May 15th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of Hold and a consensus target price of C$39.89.
Check Out Our Latest Stock Report on Hydro One
Hydro One Trading Up 0.9 %
Hydro One (TSE:H – Get Free Report) last released its quarterly earnings results on Tuesday, May 14th. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.01. The firm had revenue of C$2.17 billion during the quarter. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. As a group, analysts anticipate that Hydro One will post 1.9169847 earnings per share for the current year.
Hydro One Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 28th were paid a $0.314 dividend. This is an increase from Hydro One’s previous quarterly dividend of $0.30. This represents a $1.26 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend was Wednesday, June 12th. Hydro One’s dividend payout ratio is presently 68.85%.
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.
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