Hydro One Limited (TSE:H) Receives C$43.25 Consensus Target Price from Analysts

Shares of Hydro One Limited (TSE:H) have been assigned an average rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is C$45.00.

H has been the topic of a number of research analyst reports. CIBC raised their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Scotiabank increased their target price on Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research note on Thursday, February 13th.

Insider Activity at Hydro One

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

Hydro One Stock Performance

Shares of Hydro One stock opened at C$44.69 on Thursday. The stock’s fifty day simple moving average is C$44.43 and its 200 day simple moving average is C$44.88. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. The company has a market capitalization of C$26.79 billion, a PE ratio of 23.57, a PEG ratio of 3.17 and a beta of 0.34. Hydro One has a 12 month low of C$37.27 and a 12 month high of C$48.05.

Hydro One Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.314 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.81%. Hydro One’s dividend payout ratio is currently 66.44%.

About Hydro One

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.