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

Shares of Hydro One Limited (TSE:H) have earned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$57.09.

A number of equities research analysts recently issued reports on the company. Raymond James Financial increased their price target on Hydro One from C$57.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 28th. Barclays reduced their price target on Hydro One from C$66.00 to C$63.00 in a research report on Friday, April 10th. Jefferies Financial Group downgraded Hydro One from a “hold” rating to a “moderate sell” rating in a research report on Monday, June 1st. Scotia increased their price target on Hydro One from C$53.00 to C$58.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 14th. Finally, National Bank Financial increased their price target on Hydro One from C$56.00 to C$61.00 and gave the stock a “sector perform” rating in a research report on Monday, June 1st.

Hydro One Price Performance

Hydro One stock opened at C$56.78 on Friday. Hydro One has a 12 month low of C$47.54 and a 12 month high of C$60.46. The stock’s 50 day moving average is C$57.85 and its 200-day moving average is C$56.34. The company has a current ratio of 0.54, a quick ratio of 0.30 and a debt-to-equity ratio of 149.17. The company has a market capitalization of C$34.07 billion, a price-to-earnings ratio of 24.90, a PEG ratio of 3.17 and a beta of 0.35.

Hydro One (TSE:H) last posted its earnings results on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%.The company had revenue of C$1.22 billion for the quarter. Equities research analysts expect that Hydro One will post 2.0572195 EPS for the current year.

Hydro One Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a dividend of $0.3531 per share. This is an increase from Hydro One’s previous quarterly dividend of $0.33. This represents a $1.41 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 10th. Hydro One’s dividend payout ratio (DPR) is currently 58.44%.

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.