Hydro One (OTCMKTS:HRNNF) Hits New 1-Year High – What’s Next?

Hydro One Limited (OTCMKTS:HRNNF) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $42.25 and last traded at $42.25, with a volume of 100 shares changing hands. The stock had previously closed at $41.4825.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HRNNF. BMO Capital Markets restated a “market perform” rating on shares of Hydro One in a research note on Tuesday, February 17th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Hydro One in a research report on Tuesday, February 17th. Finally, TD Securities reaffirmed a “hold” rating on shares of Hydro One in a research report on Wednesday, February 18th. One investment analyst has rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, Hydro One has a consensus rating of “Hold”.

Hydro One Stock Up 2.2%

The company’s 50-day moving average is $39.64 and its 200 day moving average is $37.86. The stock has a market capitalization of $25.35 billion and a PE ratio of 53.49. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 1.42.

Hydro One (OTCMKTS:HRNNF) last posted its quarterly earnings data on Friday, February 13th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.27 by $0.01. Hydro One had a net margin of 14.82% and a return on equity of 10.72%. The business had revenue of $1.65 billion during the quarter, compared to the consensus estimate of $2.49 billion.

Hydro One Company Profile

Hydro One Ltd. is a Canadian electricity transmission and distribution utility headquartered in Toronto, Ontario. The company operates the largest high-voltage transmission network in the province, delivering power from generating stations to local distributors, municipalities and major industrial customers. In addition to its transmission business, Hydro One provides distribution services to a wide range of residential, commercial and industrial end users, maintaining poles, wires and related infrastructure that connect approximately 1.4 million customers across urban and rural communities.

Tracing its origins to the Ontario Hydro Electric Power Commission established in 1906, Hydro One emerged in its current form following the restructuring of Ontario’s vertically integrated power authority in the late 1990s and early 2000s.