Jefferies Financial Group Cuts Hydro One (TSE:H) Price Target to C$50.00

Hydro One (TSE:H) had its price target trimmed by Jefferies Financial Group from C$52.00 to C$50.00 in a research note released on Wednesday,BayStreet.CA reports.

Several other analysts also recently commented on the company. Scotiabank raised their price objective on Hydro One from C$51.00 to C$53.00 in a research note on Tuesday, December 16th. CIBC increased their price target on Hydro One from C$52.00 to C$54.00 in a report on Tuesday, October 21st. National Bankshares lifted their price objective on Hydro One from C$49.00 to C$53.00 and gave the company a “sector perform” rating in a report on Wednesday, December 17th. Finally, Raymond James Financial boosted their price objective on Hydro One from C$49.00 to C$53.50 and gave the company a “market perform” rating in a research report on Friday, October 24th. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$53.05.

Hydro One Stock Up 0.2%

Hydro One stock opened at C$53.83 on Wednesday. The firm has a market capitalization of C$32.29 billion, a price-to-earnings ratio of 24.81, a PEG ratio of 3.17 and a beta of 0.21. The company’s 50 day simple moving average is C$53.66 and its 200 day simple moving average is C$51.59. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. Hydro One has a fifty-two week low of C$43.30 and a fifty-two week high of C$55.47.

Hydro One (TSE:H) last posted its earnings results on Thursday, November 13th. The company reported C$0.70 earnings per share for the quarter. The company had revenue of C$1.22 billion for the quarter. Hydro One had a net margin of 13.59% and a return on equity of 9.58%. As a group, sell-side analysts anticipate that Hydro One will post 2.0572195 EPS for the current year.

Hydro One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Wednesday, December 31st were paid a $0.3331 dividend. The ex-dividend date was Wednesday, December 10th. This represents a $1.33 annualized dividend and a yield of 2.5%. Hydro One’s payout ratio is presently 59.66%.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results. The province of Ontario holds an approximate 47% common equity stake.