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

Shares of Hydro One Limited (TSE:H) have been given a consensus rating of “Hold” by the nine brokerages that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$57.09.

Several analysts recently issued reports on H shares. Royal Bank Of Canada lifted their price target on shares of Hydro One from C$58.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. TD upped their target price on shares of Hydro One from C$57.00 to C$58.00 and gave the stock a “hold” rating in a report on Thursday, May 14th. National Bank Financial raised their price target on shares of Hydro One from C$56.00 to C$61.00 and gave the company a “sector perform” rating in a research report on Monday, June 1st. Scotia boosted their price objective on Hydro One from C$53.00 to C$58.00 and gave the stock a “sector perform” rating in a report on Thursday, May 14th. Finally, BMO Capital Markets increased their price objective on Hydro One from C$55.00 to C$58.00 and gave the stock a “market perform” rating in a research note on Thursday, May 14th.

Hydro One Trading Down 1.0%

TSE H opened at C$52.99 on Friday. The stock has a market capitalization of C$31.80 billion, a P/E ratio of 22.45, a P/E/G ratio of 3.17 and a beta of 0.35. The business has a 50 day simple moving average of C$57.50 and a 200 day simple moving average of C$57.71. The company has a debt-to-equity ratio of 154.61, a current ratio of 0.88 and a quick ratio of 0.30. Hydro One has a one year low of C$48.22 and a one year high of C$60.57.

Hydro One (TSE:H) last issued its earnings results on Wednesday, August 12th. The company reported C$0.62 earnings per share (EPS) for the quarter. The business had revenue of C$1.23 billion for the quarter. Hydro One had a net margin of 14.87% and a return on equity of 11.08%. Research analysts expect that Hydro One will post 2.0572195 earnings per share for the current year.

Hydro One Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.3531 per share. This is a boost from Hydro One’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, June 10th. This represents a $1.41 annualized dividend and a yield of 2.7%. Hydro One’s dividend payout ratio (DPR) is 57.31%.

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.