Hydro One Limited (TSE:H) Receives C$42.25 Consensus Target Price from Analysts

Hydro One Limited (TSE:H) has been given a consensus rating of “Hold” by the eight analysts that are currently covering the company, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold rating. The average 1-year price target among brokerages that have covered the stock in the last year is C$42.75.

H has been the subject of a number of analyst reports. National Bankshares lifted their target price on shares of Hydro One from C$40.00 to C$45.00 and gave the stock a “sector perform” rating in a report on Friday, August 23rd. Raymond James upped their price objective on Hydro One from C$41.00 to C$45.00 in a report on Thursday. CIBC raised their target price on Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. Wells Fargo & Company upped their price target on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Finally, BMO Capital Markets lifted their price objective on shares of Hydro One from C$42.00 to C$44.00 in a research note on Thursday, September 5th.

Hydro One Price Performance

Hydro One stock opened at C$46.37 on Monday. The business’s 50-day simple moving average is C$44.05 and its 200 day simple moving average is C$41.19. 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 stock has a market cap of C$27.80 billion, a price-to-earnings ratio of 24.80, a P/E/G ratio of 3.14 and a beta of 0.34. Hydro One has a 12-month low of C$32.79 and a 12-month high of C$48.05.

Hydro One (TSE:H) last issued its earnings results on Wednesday, August 14th. The company reported C$0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.48 by C$0.01. The company had revenue of C$2.03 billion for the quarter. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. As a group, research analysts anticipate that Hydro One will post 2.0468682 earnings per share for the current year.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 27th will be paid a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date is Wednesday, September 11th. Hydro One’s payout ratio is currently 67.38%.

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.