Hydro One Limited (TSE:H) Receives Average Rating of “Hold” from Brokerages

Shares of Hydro One Limited (TSE:H) have been given a consensus rating of “Hold” by the eight ratings firms that are currently covering the stock, MarketBeat.com reports. Eight research analysts have rated the stock with a hold rating. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$43.00.

Several brokerages recently issued reports on H. CIBC upped their price objective on shares of Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. National Bankshares upped their price objective 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. BMO Capital Markets upped their price objective on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th. Royal Bank of Canada upped 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, Wells Fargo & Company upped their price objective on shares of Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th.

Hydro One Stock Up 0.9 %

H stock opened at C$46.28 on Friday. Hydro One has a 52 week low of C$37.27 and a 52 week high of C$48.05. The stock has a market capitalization of C$27.74 billion, a P/E ratio of 24.75, a P/E/G ratio of 3.17 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. The firm has a 50-day simple moving average of C$45.28 and a 200-day simple moving average of C$43.19.

Hydro One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.314 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.26 annualized dividend and a yield of 2.71%. Hydro One’s payout ratio is 67.38%.

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.