Hydro One Limited (TSE:H) Receives Average Recommendation of “Hold” from Analysts

Shares of Hydro One Limited (TSE:H) have received a consensus recommendation of “Hold” from the six analysts that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price target among analysts that have covered the stock in the last year is C$53.35.

H has been the topic of several research reports. Scotiabank upped their target price on Hydro One from C$51.00 to C$53.00 in a research report on Tuesday, December 16th. National Bank Financial lifted 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. Jefferies Financial Group dropped their price target on Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. Finally, TD Securities increased their price objective on Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a report on Wednesday, February 18th.

Hydro One Stock Performance

H opened at C$59.15 on Friday. The company has a market cap of C$35.48 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 3.17 and a beta of 0.33. The company has a quick ratio of 0.30, a current ratio of 0.61 and a debt-to-equity ratio of 151.72. The firm’s 50-day moving average price is C$55.34 and its 200-day moving average price is C$52.98. Hydro One has a 52-week low of C$46.42 and a 52-week high of C$59.80.

Hydro One (TSE:H) last released its 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 company had revenue of C$981.00 million during the quarter. As a group, equities analysts anticipate that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Announces Dividend

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