Hydro One Ltd (TSE:H) announced a quarterly dividend on Thursday, November 7th, Zacks reports. Stockholders of record on Wednesday, December 11th will be given a dividend of 0.242 per share on Tuesday, December 31st. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Tuesday, December 10th.
TSE H opened at C$23.63 on Friday. Hydro One has a 52-week low of C$19.20 and a 52-week high of C$25.06. The company has a debt-to-equity ratio of 130.07, a quick ratio of 0.36 and a current ratio of 0.41. The company has a market capitalization of $14.19 billion and a P/E ratio of -73.84. The company has a fifty day moving average of C$24.43 and a 200-day moving average of C$23.48.
Hydro One (TSE:H) last posted its quarterly earnings results on Friday, August 9th. The company reported C$0.26 earnings per share for the quarter, hitting the consensus estimate of C$0.26. The business had revenue of C$1.41 billion during the quarter. As a group, analysts forecast that Hydro One will post 1.42 EPS for the current fiscal year.
Several equities analysts have recently commented on the stock. Royal Bank of Canada upped their price objective on shares of Hydro One from C$25.00 to C$26.00 in a research note on Wednesday, August 21st. Raymond James set a C$25.00 price objective on shares of Hydro One and gave the company a “market perform” rating in a research note on Friday. TD Securities upped their price objective on shares of Hydro One from C$22.00 to C$23.00 and gave the company a “hold” rating in a research note on Friday. National Bank Financial upped their price objective on shares of Hydro One from C$20.00 to C$24.00 and gave the company an “underperform” rating in a research note on Monday, August 12th. Finally, CIBC upped their price objective on shares of Hydro One from C$24.00 to C$25.00 in a research note on Wednesday, October 23rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company’s stock. Hydro One has a consensus rating of “Hold” and an average price target of C$24.39.
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 123,000 circuit kilometers of low-voltage distribution network.
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