Hydro One Limited (H) To Go Ex-Dividend on June 10th

Hydro One Limited (TSE:H) declared a quarterly dividend on Wednesday, June 10th, TickerTech Dividends reports. Shareholders of record on Tuesday, June 30th will be paid a dividend of 0.3531 per share on Tuesday, June 30th. This represents a c) annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 10th. This is a 6.0% increase from Hydro One’s previous quarterly dividend of $0.33.

Hydro One Price Performance

Shares of TSE H opened at C$56.97 on Monday. The stock has a fifty day simple moving average of C$58.10 and a two-hundred day simple moving average of C$56.22. Hydro One has a 1-year low of C$47.54 and a 1-year high of C$60.46. The firm has a market cap of C$34.19 billion, a price-to-earnings ratio of 24.99, a price-to-earnings-growth ratio of 3.17 and a beta of 0.35. The company has a current ratio of 0.54, a quick ratio of 0.30 and a debt-to-equity ratio of 149.17.

Hydro One (TSE:H) last announced its quarterly earnings data on Wednesday, May 13th. The company reported C$0.65 earnings per share for the quarter. The business had revenue of C$1.22 billion during the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%. Analysts anticipate that Hydro One will post 2.0572195 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Jefferies Financial Group downgraded Hydro One from a “hold” rating to a “moderate sell” rating in a research report on Monday, June 1st. Scotia upped their price target on shares of Hydro One from C$53.00 to C$58.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Raymond James Financial upped their price target on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a report on Tuesday, April 28th. TD upped their price target on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a “hold” rating in a report on Thursday, May 14th. Finally, National Bank Financial upped their price target on shares of Hydro One from C$56.00 to C$61.00 and gave the stock a “sector perform” rating in a report on Monday, June 1st. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Hydro One currently has an average rating of “Hold” and a consensus price target of C$57.09.

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. The province of Ontario holds an approximate 47% common equity stake.