Recent Investment Analysts’ Ratings Changes for Hydro One (H)

Several brokerages have updated their recommendations and price targets on shares of Hydro One (TSE: H) in the last few weeks:

  • 8/21/2019 – Hydro One had its price target raised by analysts at Royal Bank of Canada from C$25.00 to C$26.00.
  • 8/19/2019 – Hydro One was upgraded by analysts at CSFB from a “neutral” rating to an “outperform” rating. They now have a C$27.00 price target on the stock, up previously from C$24.00.
  • 8/12/2019 – Hydro One had its price target raised by analysts at National Bank Financial from C$20.00 to C$24.00. They now have an “underperform” rating on the stock.
  • 8/12/2019 – Hydro One had its price target raised by analysts at Royal Bank of Canada from C$23.00 to C$25.00. They now have a “sector perform” rating on the stock.
  • 8/12/2019 – Hydro One had its “market perform” rating reaffirmed by analysts at Raymond James. They now have a C$25.00 price target on the stock.
  • 8/12/2019 – Hydro One had its price target raised by analysts at TD Securities from C$21.00 to C$22.00. They now have a “hold” rating on the stock.
  • 7/26/2019 – Hydro One had its price target raised by analysts at Raymond James from C$23.00 to C$25.00.
  • 7/25/2019 – Hydro One was upgraded by analysts at CSFB from an “underperform” rating to a “neutral” rating. They now have a C$24.00 price target on the stock, up previously from C$20.00.
  • 7/23/2019 – Hydro One had its price target raised by analysts at CIBC from C$22.00 to C$24.00.
  • 6/26/2019 – Hydro One had its price target raised by analysts at BMO Capital Markets from C$23.00 to C$24.00.

H stock traded down C$0.05 during trading on Thursday, hitting C$24.20. 619,448 shares of the company’s stock were exchanged, compared to its average volume of 744,242. The business has a 50-day moving average price of C$23.48 and a two-hundred day moving average price of C$22.04. The stock has a market capitalization of $14.47 billion and a price-to-earnings ratio of -75.63. Hydro One Ltd has a 52-week low of C$18.95 and a 52-week high of C$24.47. The company has a current ratio of 0.41, a quick ratio of 0.36 and a debt-to-equity ratio of 130.07.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 12th will be paid a $0.242 dividend. The ex-dividend date of this dividend is Wednesday, September 11th. This represents a $0.97 dividend on an annualized basis and a yield of 4.00%. This is a boost from Hydro One’s previous quarterly dividend of $0.23. Hydro One’s payout ratio is currently -291.09%.

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 123,000 circuit kilometers of low-voltage distribution network.

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