Hydro One (TSE:H) Stock Price Passes Below 50 Day Moving Average – Should You Sell?

Hydro One Limited (TSE:H) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$44.92 and traded as low as C$44.24. Hydro One shares last traded at C$44.27, with a volume of 542,767 shares trading hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. Raymond James boosted their target price on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Royal Bank of Canada increased their price objective on Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets lifted their target price on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of C$43.00.

Hydro One Stock Performance

The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The stock has a market cap of C$26.88 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The business has a 50 day moving average price of C$44.89 and a two-hundred day moving average price of C$43.81.

Hydro One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a $0.314 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.80%. Hydro One’s dividend payout ratio is currently 67.38%.

Insiders Place Their Bets

In other Hydro One news, Director Stacey Mowbray bought 700 shares of Hydro One stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the transaction, the director now directly owns 700 shares of the company’s stock, valued at C$30,818.20. This represents a ∞ increase in their ownership of the stock. Company insiders own 47.12% of the company’s stock.

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.