Shares of Hydro One Limited (TSE:H - Get Free Report) have received an average recommendation of "Hold" from the eight brokerages that are presently covering the firm, MarketBeat reports. Eight equities research analysts have rated the stock with a hold recommendation. The average 1 year price target among analysts that have covered the stock in the last year is C$43.25.
H has been the subject of several research reports. CIBC lifted their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a "neutral" rating in a report on Wednesday, January 8th. Royal Bank of Canada lifted their target price on 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.
View Our Latest Stock Analysis on H
In other Hydro One news, Director Stacey Mowbray purchased 700 shares of the business's stock in a transaction dated Monday, December 23rd. The shares were bought at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the completion of the acquisition, the director now owns 700 shares in the company, valued at approximately C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by company insiders.
H opened at C$44.20 on Friday. The stock's fifty day simple moving average is C$44.61 and its 200 day simple moving average is C$44.14. Hydro One has a 1-year low of C$37.27 and a 1-year high of C$48.05. The stock has a market cap of C$26.50 billion, a PE ratio of 23.64, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11.
The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were given a $0.314 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.26 dividend on an annualized basis and a yield of 2.84%. Hydro One's dividend payout ratio is currently 67.38%.
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.
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