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

Shares of Hydro One Limited (TSE:H) have been given an average rating of “Hold” by the five research firms that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is C$45.00.

Several research analysts recently commented on H shares. Scotiabank raised their target price on Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. CIBC increased their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Hydro One Trading Up 0.3 %

Shares of H stock opened at C$44.69 on Thursday. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. Hydro One has a 1 year low of C$37.27 and a 1 year high of C$48.05. The firm’s fifty day simple moving average is C$44.43 and its 200 day simple moving average is C$44.88. The firm has a market capitalization of C$26.79 billion, a P/E ratio of 23.57, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.

Hydro One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were issued a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.81%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One’s dividend payout ratio is currently 66.44%.

Insider Buying and Selling 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. Corporate insiders own 47.12% of the company’s stock.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.