Hydro One Limited (TSE:H - Get Free Report) passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of C$44.92 and traded as low as C$44.24. Hydro One shares last traded at C$44.27, with a volume of 542,767 shares.
A number of equities analysts recently weighed in on H shares. BMO Capital Markets upped their price target on Hydro One from C$42.00 to C$44.00 in a report on Thursday, September 5th. Raymond James increased their target price on Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. Finally, Royal Bank of Canada boosted their price target on shares of 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. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hydro One currently has a consensus rating of "Hold" and an average target price of C$43.00.
Check Out Our Latest Stock Report on Hydro One
The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The company has a market capitalization of C$26.54 billion, a PE ratio of 23.67, a P/E/G ratio of 3.17 and a beta of 0.34. The business's 50 day simple moving average is C$44.92 and its 200 day simple moving average is C$43.79.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date was Wednesday, December 11th. Hydro One's dividend payout ratio is presently 67.38%.
In other news, Director Stacey Mowbray acquired 700 shares of the company's stock in a transaction dated Monday, December 23rd. The stock was acquired at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the purchase, the director now 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 currently owned by corporate insiders.
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.
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