Hydro One Limited (TSE:H) Receives C$38.83 Consensus Target Price from Brokerages

Hydro One Limited (TSE:HGet Free Report) has been assigned a consensus rating of “Hold” from the nine ratings firms that are covering the stock, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$38.83.

A number of analysts have recently weighed in on H shares. CIBC boosted their target price on shares of Hydro One from C$38.00 to C$40.00 and gave the stock a “neutral” rating in a report on Tuesday, January 9th. Royal Bank of Canada boosted their target price on shares of Hydro One from C$36.00 to C$37.00 and gave the stock a “sector perform” rating in a report on Thursday, November 9th. Scotiabank lifted their price objective on shares of Hydro One from C$35.00 to C$40.00 and gave the stock a “sector perform” rating in a research note on Wednesday, January 24th. Finally, National Bankshares lifted their price objective on shares of Hydro One from C$35.00 to C$38.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th.

Check Out Our Latest Stock Report on Hydro One

Hydro One Trading Up 0.2 %

TSE:H opened at C$40.03 on Friday. The company has a debt-to-equity ratio of 131.57, a current ratio of 0.42 and a quick ratio of 0.30. The firm has a market capitalization of C$23.98 billion, a price-to-earnings ratio of 22.24, a price-to-earnings-growth ratio of 2.90 and a beta of 0.29. Hydro One has a one year low of C$32.79 and a one year high of C$40.81. The business has a fifty day moving average price of C$39.13 and a 200-day moving average price of C$37.33.

Hydro One (TSE:HGet Free Report) last posted its quarterly earnings results on Wednesday, November 8th. The company reported C$0.59 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.57 by C$0.02. The business had revenue of C$1.93 billion during the quarter. Hydro One had a net margin of 14.00% and a return on equity of 9.42%. Sell-side analysts forecast that Hydro One will post 1.8907207 EPS for the current year.

Hydro One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 29th were issued a $0.296 dividend. The ex-dividend date was Tuesday, December 12th. This represents a $1.18 annualized dividend and a dividend yield of 2.96%. Hydro One’s dividend payout ratio (DPR) is presently 66.11%.

Insider Activity

In other news, Director Brian Tellef Vaasjo acquired 12,800 shares of the business’s stock in a transaction on Friday, December 22nd. The stock was bought at an average price of C$39.03 per share, with a total value of C$499,573.76. Insiders own 47.15% of the company’s stock.

About Hydro One

(Get Free Report

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

Further Reading

Analyst Recommendations for Hydro One (TSE:H)

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