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

Hydro One Limited (TSE:H) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Eight investment analysts have rated the stock with a hold rating. The average 1-year target price among brokers that have covered the stock in the last year is C$43.25.

A number of equities analysts have recently issued reports on the stock. Royal Bank of Canada increased their price objective on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. CIBC raised their price objective on Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a research note on Wednesday, January 8th.

Hydro One Stock Up 1.3 %

Hydro One stock opened at C$44.20 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. The company has a market capitalization of C$26.50 billion, a PE ratio of 23.64, a PEG ratio of 3.17 and a beta of 0.34. The firm’s fifty day moving average is C$44.61 and its 200 day moving average is C$44.14. 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were given a dividend of $0.314 per share. The ex-dividend date was Wednesday, December 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.84%. Hydro One’s payout ratio is 67.38%.

Insider Activity at Hydro One

In other news, Director Stacey Mowbray bought 700 shares of the company’s stock in a transaction on Monday, December 23rd. The shares were purchased at an average price 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 in the company, valued at C$30,818.20. This represents a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by insiders.

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.