Hydro One Limited (TSE:H) Receives Average Recommendation of “Hold” from Brokerages

Hydro One Limited (TSE:H) has been assigned an average rating of “Hold” from the nine ratings firms that are covering the stock, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$39.89.

A number of equities analysts have weighed in on the stock. TD Securities upped their price objective on shares of Hydro One from C$37.00 to C$39.00 and gave the stock a “hold” rating in a research report on Wednesday, February 14th. Scotiabank lifted their price objective on Hydro One from C$35.00 to C$40.00 and gave the stock a “sector perform” rating in a report on Wednesday, January 24th. National Bankshares increased their target price on Hydro One from C$35.00 to C$38.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. Wells Fargo & Company boosted their price target on Hydro One from C$39.00 to C$40.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada raised their price objective on Hydro One from C$37.00 to C$41.00 and gave the company a “sector perform” rating in a report on Wednesday, February 14th.

Hydro One Price Performance

TSE:H opened at C$39.50 on Monday. The stock has a market capitalization of C$23.66 billion, a PE ratio of 21.82, a price-to-earnings-growth ratio of 2.90 and a beta of 0.31. Hydro One has a 52 week low of C$32.79 and a 52 week high of C$41.69. The company has a quick ratio of 0.30, a current ratio of 0.50 and a debt-to-equity ratio of 133.77. The stock’s 50-day moving average price is C$40.39 and its 200-day moving average price is C$38.41.

Hydro One (TSE:H) last posted its quarterly earnings data on Tuesday, February 13th. The company reported C$0.30 EPS for the quarter, meeting analysts’ consensus estimates of C$0.30. Hydro One had a return on equity of 9.45% and a net margin of 13.83%. The business had revenue of C$1.98 billion during the quarter. As a group, equities analysts expect that Hydro One will post 1.9116659 EPS for the current fiscal year.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, March 28th were paid a $0.296 dividend. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.00%. The ex-dividend date was Tuesday, March 12th. Hydro One’s dividend payout ratio (DPR) is presently 65.75%.

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.