Hydro One Limited (TSE:H) Receives C$53.05 Average PT from Brokerages

Hydro One Limited (TSE:H) has been assigned a consensus rating of “Hold” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is C$53.05.

A number of research analysts have recently commented on H shares. Raymond James Financial increased their price objective on Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a report on Friday, October 24th. 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 increased their price target on Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Jefferies Financial Group reduced their price objective on shares of Hydro One from C$52.00 to C$50.00 in a research note on Wednesday, January 28th. Finally, Canadian Imperial Bank of Commerce upped their price objective on shares of Hydro One from C$52.00 to C$54.00 in a report on Tuesday, October 21st.

Hydro One Stock Up 0.2%

Hydro One stock opened at C$54.90 on Monday. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. Hydro One has a 1-year low of C$43.30 and a 1-year high of C$55.71. The firm’s fifty day simple moving average is C$53.66 and its 200-day simple moving average is C$51.95. The company has a market capitalization of C$32.93 billion, a P/E ratio of 25.30, a P/E/G ratio of 3.17 and a beta of 0.22.

Hydro One (TSE:H) last posted its earnings results on Thursday, November 13th. The company reported C$0.70 EPS for the quarter. Hydro One had a net margin of 13.59% and a return on equity of 9.58%. The firm had revenue of C$1.22 billion for the quarter. Sell-side analysts forecast that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were given a $0.3331 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend was Wednesday, December 10th. Hydro One’s dividend payout ratio (DPR) is currently 59.66%.

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.