Hydro One (TSE:H) Given New C$46.00 Price Target at CIBC

Hydro One (TSE:H) had its target price increased by CIBC from C$45.00 to C$46.00 in a research note published on Wednesday,BayStreet.CA reports. The brokerage currently has a neutral rating on the stock.

Other equities analysts also recently issued research reports about the company. Royal Bank of Canada raised their price target on Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Raymond James upped their target price on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of C$43.25.

Hydro One Stock Up 0.4 %

Shares of TSE H opened at C$44.36 on Wednesday. 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 firm’s 50-day moving average is C$44.82 and its two-hundred day moving average is C$43.89. Hydro One has a 12-month low of C$37.27 and a 12-month high of C$48.05. The company has a market capitalization of C$26.59 billion, a PE ratio of 23.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.

Hydro One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued 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 yield of 2.83%. Hydro One’s payout ratio is 67.38%.

Insiders Place Their Bets

In other news, Director Stacey Mowbray purchased 700 shares of the company’s stock in a transaction on Monday, December 23rd. The stock was bought at an average cost of C$44.03 per share, for a total transaction of C$30,818.20. Following the completion of the purchase, the director now directly owns 700 shares of the company’s stock, valued at C$30,818.20. The trade was a ∞ increase in their position. 47.12% of the stock is currently owned by insiders.

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.