Shares of Hydro One Limited (TSE:H – Get Free Report) 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
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.
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