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

Hydro One Limited (TSE:H) has received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is C$43.00.

H has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. Royal Bank of Canada increased their price objective on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Finally, Raymond James lifted their target price on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th.

Hydro One Stock Down 0.2 %

Shares of H opened at C$44.43 on Wednesday. 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 company has a 50-day simple moving average of C$45.03 and a 200-day simple moving average of C$43.70. Hydro One has a 52 week low of C$37.27 and a 52 week high of C$48.05. The firm has a market capitalization of C$26.63 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.17 and a beta of 0.34.

Hydro One Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be given a $0.314 dividend. The ex-dividend date of this dividend is Wednesday, December 11th. This represents a $1.26 annualized dividend and a yield of 2.83%. Hydro One’s payout ratio is 67.38%.

Insider Activity at Hydro One

In other Hydro One news, Director Stacey Mowbray bought 700 shares of Hydro One stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the purchase, the director now owns 700 shares of the company’s stock, valued at C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by company insiders.

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.