Hydro One (TSE:H) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Hydro One Limited (TSE:H)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$44.34 and traded as low as C$44.03. Hydro One shares last traded at C$45.10, with a volume of 746,159 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on H shares. Royal Bank of Canada upped their price target on shares of Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. CIBC upped their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating, According to MarketBeat, Hydro One currently has an average rating of “Hold” and an average price target of C$43.25.

Hydro One Trading Up 1.9 %

The stock has a market capitalization of C$27.03 billion, a PE ratio of 24.12, a PEG ratio of 3.17 and a beta of 0.34. The stock’s 50 day moving average price is C$44.61 and its 200-day moving average price is C$44.34. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11.

Hydro One (TSE:H) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.62 EPS 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 in the previous year, the firm earned $0.59 EPS. On average, sell-side analysts expect that Hydro One Limited will post 2.0572195 earnings per share for the current fiscal year.

Hydro One Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were paid a $0.314 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.26 annualized dividend and a yield of 2.78%. Hydro One’s payout ratio is 67.38%.

Insider Activity

In other news, Director Stacey Mowbray acquired 700 shares of Hydro One stock in a transaction on Monday, December 23rd. The shares were acquired at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the purchase, the director now directly owns 700 shares in the company, valued at C$30,818.20. The trade was a ∞ increase in their position. Company 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.