Hydro One Limited (TSE:H) Given Consensus Rating of “Hold” by Brokerages

Hydro One Limited (TSE:H) has earned a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Eight analysts have rated the stock with a hold rating. The average twelve-month price target among analysts that have issued a report on the stock in the last year is C$43.25.

Separately, CIBC boosted their price target on Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th.

Hydro One Stock Performance

TSE:H opened at C$44.85 on Thursday. Hydro One has a 1-year low of C$37.27 and a 1-year high of C$48.05. The firm has a 50 day simple moving average of C$44.54 and a 200-day simple moving average of C$44.76. The firm has a market cap of C$26.88 billion, a PE ratio of 23.98, a P/E/G ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30.

Hydro One Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date was Wednesday, December 11th. Hydro One’s dividend payout ratio is currently 67.38%.

Insider Activity

In other Hydro One news, Director Stacey Mowbray bought 700 shares of the company’s stock in a transaction that occurred on Monday, December 23rd. The stock was 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 owns 700 shares in the company, valued at C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. Corporate insiders own 47.12% of the company’s stock.

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.