Hydro One (TSE:H) PT Raised to C$36.00

Hydro One (TSE:HGet Rating) had its target price raised by Scotiabank from C$34.00 to C$36.00 in a report published on Monday morning, BayStreet.CA reports.

A number of other analysts also recently weighed in on H. CSFB lifted their price target on Hydro One from C$34.00 to C$36.00 in a research note on Monday, November 21st. Royal Bank of Canada upped their price target on shares of Hydro One from C$37.00 to C$38.00 and gave the stock a sector perform rating in a research note on Monday, November 14th. National Bankshares raised their price objective on shares of Hydro One from C$31.00 to C$32.00 in a research note on Monday, November 14th. TD Securities lowered their target price on shares of Hydro One from C$35.00 to C$26.00 and set a hold rating on the stock in a research report on Monday, November 14th. Finally, Credit Suisse Group lifted their price target on shares of Hydro One to C$36.00 in a research report on Monday, November 21st. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average target price of C$34.67.

Hydro One Stock Up 0.2 %

Shares of Hydro One stock opened at C$37.51 on Monday. The company has a market cap of C$22.46 billion and a P/E ratio of 21.81. The firm has a fifty day moving average of C$36.72 and a two-hundred day moving average of C$35.29. The company has a debt-to-equity ratio of 128.25, a quick ratio of 0.30 and a current ratio of 0.38. Hydro One has a one year low of C$30.52 and a one year high of C$38.27.

Hydro One (TSE:HGet Rating) last posted its quarterly earnings results on Friday, November 11th. The company reported C$0.51 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.49 by C$0.02. The firm had revenue of C$2.03 billion for the quarter. On average, analysts forecast that Hydro One will post 1.7699998 earnings per share for the current year.

Hydro One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 30th. Shareholders of record on Friday, December 30th were issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 2.99%. The ex-dividend date of this dividend was Tuesday, December 13th. Hydro One’s dividend payout ratio (DPR) is presently 63.48%.

Hydro One Company Profile

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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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