Hydro One (TSE:H) Price Target Cut to C$37.00 by Analysts at BMO Capital Markets

Hydro One (TSE:HGet Rating) had its target price decreased by BMO Capital Markets from C$38.00 to C$37.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

Other analysts have also issued reports about the company. TD Securities raised their target price on Hydro One from C$34.00 to C$35.00 and gave the company a hold rating in a research note on Wednesday, August 10th. Credit Suisse Group raised their target price on Hydro One to C$36.00 in a research note on Tuesday, August 30th. National Bankshares raised their target price on Hydro One from C$34.00 to C$36.00 and gave the company a sector perform rating in a research note on Wednesday, August 10th. Scotiabank raised their target price on Hydro One from C$35.00 to C$36.00 in a research note on Wednesday, August 10th. Finally, CSFB raised their target price on Hydro One from C$34.50 to C$36.00 in a research note on Tuesday, August 30th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of C$35.78.

Hydro One Stock Down 0.0 %

Shares of H stock opened at C$34.94 on Tuesday. The stock has a market cap of C$20.92 billion and a P/E ratio of 20.55. Hydro One has a one year low of C$29.13 and a one year high of C$36.44. The stock has a fifty day moving average price of C$35.47 and a 200 day moving average price of C$34.73. The company has a debt-to-equity ratio of 129.22, a current ratio of 0.39 and a quick ratio of 0.30.

Hydro One (TSE:HGet Rating) last issued its earnings results on Tuesday, August 9th. The company reported C$0.42 EPS for the quarter, hitting the consensus estimate of C$0.42. The firm had revenue of C$1.84 billion during the quarter. Analysts predict that Hydro One will post 1.7114617 earnings per share for the current year.

Hydro One Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 29th. Stockholders of record on Wednesday, September 14th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.21%. The ex-dividend date of this dividend is Tuesday, September 13th. Hydro One’s dividend payout ratio (DPR) is presently 63.44%.

About Hydro One

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Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission Business, Distribution Business, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution network.

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Analyst Recommendations for Hydro One (TSE:H)

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