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

Shares of Hydro One Limited (TSE:H) have been given a consensus recommendation of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is C$54.50.

A number of research firms recently commented on H. Jefferies Financial Group dropped their price objective on Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th. Scotiabank increased their target price on shares of Hydro One from C$51.00 to C$53.00 in a research report on Tuesday, December 16th. National Bank Financial increased their target price on shares of Hydro One from C$49.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Wednesday, December 17th. Barclays set a C$66.00 target price on shares of Hydro One and gave the stock an “overweight” rating in a research report on Wednesday, April 1st. Finally, TD Securities increased their target price on shares of Hydro One from C$56.00 to C$57.00 and gave the stock a “hold” rating in a research report on Wednesday, February 18th.

Hydro One Trading Up 0.4%

TSE H opened at C$58.47 on Tuesday. The firm’s fifty day simple moving average is C$57.10 and its 200-day simple moving average is C$54.14. Hydro One has a 1-year low of C$46.45 and a 1-year high of C$60.46. The company has a market capitalization of C$35.07 billion, a PE ratio of 26.22, a price-to-earnings-growth ratio of 3.17 and a beta of 0.37. The company has a current ratio of 0.61, a quick ratio of 0.30 and a debt-to-equity ratio of 151.72.

Hydro One (TSE:H) last released its quarterly earnings data on Friday, February 13th. The company reported C$0.39 EPS for the quarter. Hydro One had a return on equity of 10.73% and a net margin of 14.81%.The firm had revenue of C$981.00 million for the quarter. As a group, sell-side analysts anticipate that Hydro One will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.3331 per share. This represents a $1.33 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Wednesday, March 11th. Hydro One’s dividend payout ratio is presently 58.90%.

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.