Hydro One (TSE:H – Free Report) had its price objective lifted by National Bankshares from C$38.00 to C$39.00 in a research report sent to investors on Wednesday morning, BayStreet.CA reports.
Other analysts have also issued reports about the stock. CIBC decreased their price target on shares of Hydro One from C$40.00 to C$39.00 and set a neutral rating for the company in a research report on Friday, April 19th. Scotiabank cut their price target on shares of Hydro One from C$40.00 to C$38.00 and set a sector perform rating on the stock in a report on Monday, April 22nd. TD Securities raised their price objective on 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. Wells Fargo & Company upped their target price on Hydro One from C$39.00 to C$40.00 and gave the company an equal weight rating in a research report on Wednesday, February 14th. Finally, Royal Bank of Canada increased their price target on Hydro One from C$37.00 to C$41.00 and gave the company a sector perform rating in a research note on Wednesday, February 14th. Eight investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of Hold and an average price target of C$39.83.
Hydro One Stock Down 0.3 %
Hydro One (TSE:H – Get Free Report) last issued its quarterly earnings data on Tuesday, February 13th. The company reported C$0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of C$0.30. The company had revenue of C$1.98 billion for the quarter. Hydro One had a net margin of 13.83% and a return on equity of 9.45%. On average, analysts predict that Hydro One will post 1.9083782 earnings per share for the current fiscal year.
Hydro One Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, June 12th will be given a dividend of $0.314 per share. This is an increase from Hydro One’s previous quarterly dividend of $0.30. This represents a $1.26 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Wednesday, June 12th. Hydro One’s dividend payout ratio (DPR) is currently 65.75%.
About Hydro One
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.
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