Hydro One Limited (H) to Issue Quarterly Dividend of $0.31 on December 31st

Hydro One Limited (TSE:H) announced a quarterly dividend on Wednesday, December 11th,Zacks Dividends reports. Investors of record on Tuesday, December 31st will be given a dividend of 0.314 per share on Tuesday, December 31st. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, December 11th.

Hydro One Stock Down 0.1 %

Shares of TSE:H opened at C$46.65 on Monday. The business’s 50 day moving average is C$45.29 and its 200 day moving average is C$43.28. Hydro One has a 12-month low of C$37.27 and a 12-month high of C$48.05. The stock has a market cap of C$27.96 billion, a price-to-earnings ratio of 24.95, a PEG 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.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on H shares. Wells Fargo & Company increased their target price on shares of Hydro One from C$42.00 to C$46.00 in a research report on Monday, August 19th. BMO Capital Markets raised their target price on Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. Royal Bank of Canada boosted their target price on 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. Raymond James lifted their price objective on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Finally, National Bankshares boosted their price target on shares of Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Eight analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hydro One has a consensus rating of “Hold” and an average price target of C$43.00.

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.