Hydro One Limited (TSE:H) Given Consensus Recommendation of “Hold” by Analysts

Hydro One Limited (TSE:H) has been given a consensus rating of “Hold” by the eight analysts that are covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$51.75.

H has been the topic of several recent analyst reports. Raymond James Financial raised their price target on Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a report on Friday, October 24th. TD Securities lifted their target price on shares of Hydro One from C$52.00 to C$54.00 and gave the stock a “hold” rating in a research note on Thursday, August 14th. CIBC boosted their target price on Hydro One from C$52.00 to C$54.00 in a research note on Tuesday, October 21st. Desjardins set a C$58.00 price objective on Hydro One and gave the company a “buy” rating in a research report on Tuesday, August 12th. Finally, National Bankshares upped their price objective on shares of Hydro One from C$47.00 to C$48.00 and gave the stock a “sector perform” rating in a report on Thursday, August 14th.

Hydro One Stock Up 0.4%

Shares of TSE H opened at C$51.85 on Friday. Hydro One has a 52 week low of C$42.52 and a 52 week high of C$53.98. The company has a market cap of C$31.10 billion, a P/E ratio of 24.81, a P/E/G ratio of 3.17 and a beta of 0.31. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. The business has a 50-day simple moving average of C$50.33 and a two-hundred day simple moving average of C$50.10.

Hydro One Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were paid a dividend of $0.3331 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Wednesday, September 10th. Hydro One’s dividend payout ratio (DPR) is currently 61.04%.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.