Hydro One Limited (TSE:H) Stock Now Rated “Hold” by Sell-Side Brokerages

Shares of Hydro One Limited (TSE:H) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$57.27.

A number of research analysts have recently weighed in on H shares. Canadian Imperial Bank of Commerce reduced their target price on shares of Hydro One from C$59.00 to C$56.00 in a research report on Tuesday, September 22nd. Barclays lowered their price target on shares of Hydro One from C$63.00 to C$61.00 in a report on Thursday, August 13th. National Bank Financial upped their price objective on Hydro One from C$56.00 to C$61.00 and gave the company a “sector perform” rating in a research note on Monday, June 1st. Jefferies Financial Group lowered Hydro One from a “hold” rating to a “moderate sell” rating in a report on Monday, June 1st. Finally, Royal Bank Of Canada raised their target price on Hydro One from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th.

Hydro One Price Performance

H opened at C$50.83 on Tuesday. The firm has a market cap of C$30.50 billion, a P/E ratio of 21.54, a PEG ratio of 3.17 and a beta of 0.23. The firm has a 50-day moving average of C$54.82 and a 200 day moving average of C$56.96. The company has a debt-to-equity ratio of 154.61, a quick ratio of 0.30 and a current ratio of 0.88. Hydro One has a fifty-two week low of C$48.90 and a fifty-two week high of C$60.57.

Hydro One (TSE:H) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.62 earnings per share (EPS) for the quarter. The business had revenue of C$1.23 billion during the quarter. Hydro One had a net margin of 14.87% and a return on equity of 11.08%. On average, research analysts expect that Hydro One will post 2.0572195 EPS for the current year.

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be paid a dividend of $0.3531 per share. The ex-dividend date is Wednesday, September 9th. This represents a $1.41 annualized dividend and a dividend yield of 2.8%. Hydro One’s dividend payout ratio is presently 57.31%.

About Hydro One

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.