National Bank Financial Analysts Boost Earnings Estimates for Hydro One Ltd (TSE:H)

Hydro One Ltd (TSE:H) – Equities research analysts at National Bank Financial increased their FY2018 earnings per share (EPS) estimates for shares of Hydro One in a research note issued to investors on Sunday, Zacks Investment Research reports. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings per share of $1.35 for the year, up from their prior forecast of $1.34. National Bank Financial has a “Outperform” rating and a $27.00 price objective on the stock.

A number of other research analysts have also issued reports on the company. CIBC decreased their target price on Hydro One from C$28.00 to C$27.50 in a research report on Monday, October 2nd. TD Securities lowered their target price on Hydro One from C$24.00 to C$23.00 in a report on Monday, November 13th. Scotiabank lowered their target price on Hydro One from C$25.50 to C$24.50 and set a “sector perform” rating for the company in a report on Thursday, August 17th. Barclays cut their target price on Hydro One from C$26.00 to C$24.00 in a research report on Monday, August 14th. Finally, Laurentian lifted their price target on Hydro One from C$27.00 to C$28.00 in a research report on Wednesday, August 9th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of C$25.67.

Hydro One (TSE H) opened at C$22.65 on Tuesday. Hydro One has a fifty-two week low of C$21.32 and a fifty-two week high of C$24.66.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Monday, December 11th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.89%. Hydro One’s payout ratio is presently 81.13%.

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Hydro One Company Profile

Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution utility in Ontario. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and approximately 123,000 circuit kilometers of low-voltage distribution network; and 306 transmission stations, as well as 1,026 distribution and regulating stations.

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