Insider Buying: Hydro One Limited (TSE:H) Director Buys C$30,818.20 in Stock

Hydro One Limited (TSE:H) Director Stacey Mowbray acquired 700 shares of Hydro One stock in a transaction that occurred on Monday, December 23rd. The shares were purchased at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the transaction, the director now directly owns 700 shares in the company, valued at C$30,818.20. The trade was a ∞ increase in their ownership of the stock.

Hydro One Price Performance

Shares of TSE H opened at C$44.51 on Thursday. The company has a market capitalization of C$26.68 billion, a PE ratio of 23.80, a P/E/G ratio of 3.17 and a beta of 0.34. 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 Limited has a twelve month low of C$37.27 and a twelve month high of C$48.05. The firm has a fifty day simple moving average of C$45.06 and a 200 day simple moving average of C$43.59.

Hydro One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be paid a $0.314 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One’s dividend payout ratio is 67.38%.

Analyst Ratings Changes

Several research firms have recently weighed in on H. Royal Bank of Canada upped their price objective on Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. BMO Capital Markets upped their price target on shares of Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. Finally, 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. Eight equities research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of C$43.00.

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.