Analysts Set Hydro One Limited (TSE:H) PT at C$43.25

Shares of Hydro One Limited (TSE:H) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat Ratings reports. Eight analysts have rated the stock with a hold recommendation. The average 12-month target price among brokerages that have covered the stock in the last year is C$43.25.

H has been the topic of several recent analyst reports. Royal Bank of Canada increased their target price on Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. CIBC increased their target price 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 0.6 %

Shares of TSE:H opened at C$44.43 on Friday. Hydro One has a 52-week low of C$37.27 and a 52-week high of C$48.05. The firm has a market capitalization of C$26.63 billion, a P/E ratio of 23.76, a P/E/G ratio of 3.17 and a beta of 0.34. The stock has a 50 day moving average price of C$44.58 and a 200-day moving average price of C$44.24. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40.

Hydro One (TSE:H) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.62 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.58 by C$0.04. Hydro One had a return on equity of 9.61% and a net margin of 13.85%. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, equities research analysts anticipate that Hydro One will post 2.0572195 EPS for the current fiscal year.

Hydro One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a $0.314 dividend. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.83%. Hydro One’s dividend payout ratio (DPR) is 67.38%.

Insider Transactions at Hydro One

In other news, Director Stacey Mowbray bought 700 shares of Hydro One stock in a transaction dated Monday, December 23rd. The shares were purchased at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the acquisition, the director now owns 700 shares of the company’s stock, valued at C$30,818.20. This trade represents a ∞ increase in their position. 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.