National Bank Financial Comments on Hydro One Ltd’s Q3 2016 Earnings (H)
Hydro One Ltd (TSE:H) – Equities research analysts at National Bank Financial issued their Q3 2016 earnings per share (EPS) estimates for shares of Hydro One in a research note issued to investors on Wednesday. National Bank Financial analyst P. Kenny anticipates that the firm will post earnings of $0.31 per share for the quarter.
A number of other brokerages also recently commented on H. BMO Capital Markets boosted their price objective on Hydro One from C$24.50 to C$26.00 in a research report on Thursday, July 7th. Scotiabank reaffirmed a “sector perform” rating and issued a C$25.50 price target on shares of Hydro One in a report on Friday, September 23rd. CSFB upped their price target on Hydro One from C$24.00 to C$26.00 in a report on Monday, July 25th. RBC Capital Markets lowered their price target on Hydro One from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Tuesday, October 4th. Finally, Royal Bank Of Canada lowered their price target on Hydro One from C$30.00 to C$29.00 and set an “outperform” rating for the company in a report on Tuesday, October 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of C$26.55.
Hydro One (TSE:H) opened at 24.54 on Monday. The firm’s 50-day moving average is $25.62 and its 200-day moving average is $25.00. The stock has a market capitalization of $14.60 billion and a price-to-earnings ratio of 19.71. Hydro One has a 52-week low of $21.53 and a 52-week high of $26.80.
The business also recently declared a quarterly dividend, which was paid on Friday, September 30th. Stockholders of record on Friday, September 30th were paid a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 3.42%. The ex-dividend date of this dividend was Monday, September 12th.
Hydro One Company Profile
Hydro One Limited is an electricity transmission and distribution utility. The Company transmits and distributes electricity across the Province of Ontario. It operates through three segments: Transmission Business, Distribution Business and Other Business. Its Transmission Business comprises the business of transmitting high voltage electricity across the province, interconnecting over 70 local distribution companies and certain directly connected industrial customers throughout the Ontario electricity grid.
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