Media stories about Hydro One (TSE:H) have been trending positive this week, InfoTrie Sentiment reports. InfoTrie scores the sentiment of press coverage by reviewing more than 6,000 blog and news sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Hydro One earned a media sentiment score of 2.33 on their scale. InfoTrie also gave news stories about the company an news buzz score of 5 out of 10, indicating that recent press coverage is somewhat likely to have an effect on the company’s share price in the immediate future.
These are some of the media stories that may have effected Hydro One’s score:
- Jennifer Wells: Make no mistake: Hydro One’s failure is entirely Doug Ford’s doing (msn.com)
- Ontario defends Hydro One interference after $4.4-billion acquisition deal rejected (theglobeandmail.com)
- Wash. denies Avista’s sale to Canada’s Hydro One (eenews.net)
- Avista could face limited options in wake of Hydro One merger rejection (utilitydive.com)
- Hydro One made the Ontario Tories a laughingstock. But the stock’s laughing (theglobeandmail.com)
Shares of H stock opened at C$21.25 on Friday. Hydro One has a 52-week low of C$18.57 and a 52-week high of C$22.79. The company has a current ratio of 0.69, a quick ratio of 0.63 and a debt-to-equity ratio of 118.23.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Tuesday, December 11th will be given a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 4.33%. The ex-dividend date is Monday, December 10th. Hydro One’s dividend payout ratio (DPR) is presently 69.77%.
A number of analysts have recently commented on H shares. National Bank Financial lifted their target price on Hydro One from C$21.00 to C$23.00 and gave the stock a “sector perform” rating in a research report on Thursday. CIBC lifted their target price on Hydro One from C$19.75 to C$20.00 in a research report on Thursday. Industrial Alliance Securities cut their target price on Hydro One from C$24.00 to C$21.00 in a research report on Tuesday, October 9th. Finally, TD Securities cut their target price on Hydro One from C$21.00 to C$20.00 in a research report on Wednesday, August 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of C$21.50.
About Hydro One
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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