Hydro One (TSE:H) Sets New 12-Month High at $47.78

Hydro One Limited (TSE:H) reached a new 52-week high on Monday . The company traded as high as C$47.78 and last traded at C$47.54, with a volume of 18506 shares trading hands. The stock had previously closed at C$47.65.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. CIBC upped their price objective on Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. National Bankshares lifted their price objective on Hydro One from C$40.00 to C$45.00 and gave the company a “sector perform” rating in a research report on Friday, August 23rd. Wells Fargo & Company increased their target price on Hydro One from C$42.00 to C$46.00 in a report on Monday, August 19th. Finally, BMO Capital Markets raised their price objective on shares of Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. Eight investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hydro One currently has a consensus rating of “Hold” and a consensus target price of C$42.25.

Hydro One Stock Performance

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 stock has a 50 day moving average price of C$43.66 and a two-hundred day moving average price of C$41.07. The company has a market cap of C$28.64 billion, a price-to-earnings ratio of 25.55, a P/E/G ratio of 3.14 and a beta of 0.34.

Hydro One (TSE:H) last announced its quarterly earnings results on Wednesday, August 14th. The company reported C$0.49 EPS for the quarter, beating analysts’ consensus estimates of C$0.48 by C$0.01. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. The company had revenue of C$2.03 billion during the quarter. Analysts predict that Hydro One Limited will post 2.0468682 EPS for the current year.

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 27th will be issued a $0.314 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.63%. The ex-dividend date is Wednesday, September 11th. Hydro One’s dividend payout ratio (DPR) is 67.38%.

Hydro One Company Profile

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.