Hydro One Limited (TSE:H) Receives Consensus Rating of “Hold” from Analysts

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

H has been the topic of several recent analyst reports. BMO Capital Markets boosted their target price on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Royal Bank of Canada boosted their price objective on Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research note on Thursday, October 3rd. Finally, Raymond James upped their price objective on Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th.

Insider Buying and Selling

In related news, Director Stacey Mowbray purchased 700 shares of Hydro One stock in a transaction on Monday, December 23rd. The stock was bought at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the transaction, the director now directly owns 700 shares of the company’s stock, valued at approximately C$30,818.20. This represents a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by corporate insiders.

Hydro One Stock Down 0.2 %

H stock opened at C$44.43 on Wednesday. The stock has a market cap of C$26.63 billion, a PE ratio of 23.76, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The firm’s 50-day simple moving average is C$45.03 and its 200 day simple moving average is C$43.70. Hydro One has a fifty-two week low of C$37.27 and a fifty-two week high of C$48.05. 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 Announces Dividend

The company also recently announced 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. This represents a $1.26 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One’s payout ratio 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.