Hydro One Limited (TSE:H) Receives C$53.35 Average Target Price from Analysts

Hydro One Limited (TSE:H) has received a consensus rating of “Hold” from the six brokerages that are currently covering the firm, MarketBeat.com reports. Five research analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$53.35.

A number of brokerages have commented on H. Jefferies Financial Group decreased their target price on Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. National Bank Financial increased their price target on Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Scotiabank raised their price target on Hydro One from C$51.00 to C$53.00 in a report on Tuesday, December 16th. Finally, TD Securities boosted their price objective on Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a research report on Wednesday, February 18th.

Hydro One Stock Up 2.0%

Shares of TSE:H opened at C$59.08 on Friday. The company’s fifty day moving average is C$55.13 and its two-hundred day moving average is C$52.86. The company has a debt-to-equity ratio of 151.72, a quick ratio of 0.30 and a current ratio of 0.61. Hydro One has a 1-year low of C$46.35 and a 1-year high of C$59.28. The stock has a market capitalization of C$35.44 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 3.17 and a beta of 0.33.

Hydro One (TSE:H) last posted its quarterly earnings results on Friday, February 13th. The company reported C$0.39 EPS for the quarter. Hydro One had a net margin of 14.81% and a return on equity of 10.73%. The business had revenue of C$981.00 million during the quarter. Equities analysts anticipate that Hydro One will post 2.0572195 EPS for the current year.

Hydro One Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st will be paid a $0.3331 dividend. This represents a $1.33 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Wednesday, March 11th. Hydro One’s dividend payout ratio (DPR) is presently 58.90%.

About Hydro One

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.