Hydro One (TSE:H – Free Report) had its target price upped by CIBC from C$40.50 to C$41.00 in a report released on Monday, BayStreet.CA reports. The firm currently has a neutral rating on the stock.
A number of other equities research analysts have also issued reports on H. National Bankshares boosted their target price on Hydro One from C$38.00 to C$39.00 in a research report on Wednesday, May 15th. Scotiabank dropped their target price on Hydro One from C$40.00 to C$38.00 and set a sector perform rating on the stock in a research report on Monday, April 22nd. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of Hold and an average target price of C$39.89.
Read Our Latest Stock Analysis on H
Hydro One Price Performance
Hydro One (TSE:H – Get Free Report) last announced its quarterly earnings results on Tuesday, May 14th. The company reported C$0.49 EPS for the quarter, beating the consensus estimate of C$0.48 by C$0.01. Hydro One had a net margin of 13.81% and a return on equity of 9.45%. The company had revenue of C$2.17 billion for the quarter. As a group, sell-side analysts expect that Hydro One will post 1.9169847 earnings per share for the current year.
Hydro One Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 28th were given a $0.314 dividend. The ex-dividend date of this dividend was Wednesday, June 12th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.02%. This is an increase from Hydro One’s previous quarterly dividend of $0.30. Hydro One’s dividend payout ratio (DPR) is currently 68.85%.
About Hydro One
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.
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