Hydro One Limited (TSE:H) Given Average Rating of “Hold” by Analysts

Hydro One Limited (TSE:H) has received an average recommendation 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 issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$52.95.

A number of analysts have commented on the company. CIBC boosted their price objective on Hydro One from C$52.00 to C$54.00 in a report on Tuesday, October 21st. Raymond James Financial upped their price target on Hydro One from C$49.00 to C$53.50 and gave the stock a “market perform” rating in a report on Friday, October 24th. Scotiabank increased their price target on Hydro One from C$51.00 to C$53.00 in a research report on Tuesday, December 16th. Finally, National Bankshares lifted their price objective on shares of Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Wednesday, December 17th.

Hydro One Stock Performance

H opened at C$52.94 on Thursday. Hydro One has a 1-year low of C$43.30 and a 1-year high of C$55.47. The company has a market cap of C$31.75 billion, a price-to-earnings ratio of 24.40, a PEG ratio of 3.17 and a beta of 0.21. The company’s fifty day moving average price is C$53.72 and its two-hundred day moving average price is C$51.40. 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 (TSE:H) last issued its quarterly earnings data on Thursday, November 13th. The company reported C$0.70 earnings per share (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 during the quarter. On average, analysts expect that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a dividend of $0.3331 per share. The ex-dividend date was Wednesday, December 10th. This represents a $1.33 annualized dividend and a yield of 2.5%. Hydro One’s payout ratio is 59.66%.

Hydro One Company Profile

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.