Hydro One (TSE:H) Price Target Raised to C$53.00

Hydro One (TSE:H) had its target price boosted by National Bankshares from C$49.00 to C$53.00 in a report issued on Wednesday morning,BayStreet.CA reports. They currently have a sector perform rating on the stock.

A number of other research analysts have also recently commented on H. Scotiabank upped their target price on shares of Hydro One from C$51.00 to C$53.00 in a research report on Tuesday. Raymond James Financial boosted their price target on shares of Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a research note on Friday, October 24th. Finally, CIBC increased their price objective on shares of Hydro One from C$52.00 to C$54.00 in a research report on Tuesday, October 21st. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Hydro One has a consensus rating of “Hold” and a consensus price target of C$52.95.

Hydro One Trading Up 0.1%

Shares of Hydro One stock opened at C$53.69 on Wednesday. The stock has a 50 day moving average of C$52.92 and a 200 day moving average of C$50.64. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. The firm has a market capitalization of C$32.20 billion, a price-to-earnings ratio of 24.74, a PEG ratio of 3.17 and a beta of 0.25. Hydro One has a fifty-two week low of C$42.52 and a fifty-two week high of C$55.47.

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

Hydro One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st will be issued a $0.3331 dividend. The ex-dividend date is Wednesday, December 10th. This represents a $1.33 dividend on an annualized basis and a yield of 2.5%. Hydro One’s dividend payout ratio (DPR) is presently 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.