Brokerages Set Hydro One Limited (TSE:H) Price Target at C$42.25

Hydro One Limited (TSE:H) has earned a consensus rating of “Hold” from the eight research firms that are covering the company, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is C$42.75.

Several analysts have weighed in on the stock. National Bankshares boosted their target price on shares of Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Friday, August 23rd. Raymond James boosted their price objective on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday. Wells Fargo & Company raised their target price on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. BMO Capital Markets upped their target price on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Finally, CIBC raised their price target on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th.

Hydro One Stock Up 0.9 %

Shares of TSE H opened at C$46.37 on Monday. The firm has a market cap of C$27.80 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 3.14 and a beta of 0.34. Hydro One has a 1 year low of C$32.79 and a 1 year high of C$48.05. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40. The stock’s 50-day simple moving average is C$44.05 and its 200-day simple moving average is C$41.19.

Hydro One (TSE:H) last issued its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.48 by C$0.01. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. The business had revenue of C$2.03 billion during the quarter. As a group, equities analysts anticipate that Hydro One will post 2.0445326 earnings per share for the current fiscal year.

Hydro One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 27th will be issued a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, September 11th. Hydro One’s payout ratio is currently 67.38%.

Hydro One Company Profile

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 approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.