Brokerages Set Hydro One Limited (TSE:H) Price Target at C$43.00

Shares of Hydro One Limited (TSE:H) have received a consensus rating of “Hold” from the eight brokerages that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating. The average 12 month price target among brokers that have issued ratings on the stock in the last year is C$43.00.

Several equities analysts have issued reports on the stock. CIBC lifted their price target on shares of Hydro One from C$41.00 to C$44.00 in a report on Thursday, August 15th. BMO Capital Markets lifted their price target on shares of Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Raymond James lifted their price target on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Wells Fargo & Company lifted their price target on shares of Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Finally, Royal Bank of Canada lifted their price target on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a report on Thursday, October 3rd.

Hydro One Stock Performance

Shares of H stock opened at C$46.28 on Friday. The firm has a market cap of C$27.74 billion, a price-to-earnings ratio of 24.75, a PEG ratio of 3.17 and a beta of 0.34. The company’s 50 day moving average is C$45.28 and its 200 day moving average is C$43.19. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. Hydro One has a 52-week low of C$37.27 and a 52-week high of C$48.05.

Hydro One Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 2.71%. Hydro One’s dividend payout ratio (DPR) is currently 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.