Shares of Hydro One Ltd (TSE:H) have earned an average recommendation of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is C$21.55.
Several brokerages recently weighed in on H. CSFB lowered Hydro One from an “outperform” rating to a “neutral” rating and set a C$22.00 price objective for the company. in a report on Thursday, July 12th. Industrial Alliance Securities lowered Hydro One from a “buy” rating to a “hold” rating and lowered their price objective for the company from C$26.00 to C$24.00 in a report on Thursday, July 12th. TD Securities lowered their price objective on Hydro One from C$21.00 to C$20.00 in a report on Wednesday, August 15th. Royal Bank of Canada lowered Hydro One from an “outperform” rating to a “sector perform” rating and lowered their price objective for the company from C$25.00 to C$21.00 in a report on Thursday, July 12th. Finally, BMO Capital Markets lowered their price objective on Hydro One from C$22.50 to C$21.00 in a report on Tuesday, July 24th.
Shares of TSE H traded down C$0.07 during midday trading on Wednesday, reaching C$19.16. 455,600 shares of the company’s stock were exchanged, compared to its average volume of 746,005. Hydro One has a 52-week low of C$18.57 and a 52-week high of C$23.07.
Hydro One (TSE:H) last announced its earnings results on Tuesday, August 14th. The company reported C$0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of C$0.24 by C$0.08. The business had revenue of C$1.48 billion for the quarter. Hydro One had a return on equity of 6.38% and a net margin of 11.26%.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Stockholders of record on Tuesday, September 11th were issued a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a dividend yield of 4.80%. The ex-dividend date was Monday, September 10th.
Hydro One Company Profile
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other Business. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission network and 123,000 circuit kilometers of low-voltage distribution network; and 308 transmission stations.
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