Hydro One (OTCMKTS:HRNNF) Sets New 12-Month High – Here’s What Happened

Hydro One Limited (OTCMKTS:HRNNF)’s stock price reached a new 52-week high on Tuesday . The company traded as high as $42.25 and last traded at $42.25, with a volume of 100 shares traded. The stock had previously closed at $41.4825.

Analyst Upgrades and Downgrades

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

Hydro One Price Performance

The company has a market cap of $25.34 billion and a PE ratio of 53.48. The business has a 50 day moving average of $39.49 and a 200 day moving average of $37.79. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.61 and a quick ratio of 0.61.

Hydro One (OTCMKTS:HRNNF) last posted its earnings results 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 firm had revenue of $1.65 billion during the quarter, compared to analysts’ expectations 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.