Shares of Hydro One Limited (TSE:H - Get Free Report) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$45.48 and traded as low as C$44.90. Hydro One shares last traded at C$45.19, with a volume of 746,765 shares trading hands.
A number of analysts have recently commented on H shares. Wells Fargo & Company upped their price target on Hydro One from C$42.00 to C$46.00 in a research note on Monday, August 19th. Raymond James increased their target price on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Royal Bank of Canada increased their target price on Hydro One from C$41.00 to C$43.00 and gave the stock a "sector perform" rating in a research note on Thursday, October 3rd. National Bankshares increased their target price on Hydro One from C$40.00 to C$45.00 and gave the stock a "sector perform" rating in a research note on Friday, August 23rd. Finally, CIBC increased their target price on Hydro One from C$41.00 to C$44.00 in a research note on Thursday, August 15th. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of C$43.00.
View Our Latest Analysis on H
The company has a market cap of C$27.09 billion, a price-to-earnings ratio of 24.17, a P/E/G ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40. The firm has a fifty day moving average price of C$45.48 and a 200 day moving average price of C$42.78.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, December 11th will be issued a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a yield of 2.78%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One's dividend payout ratio is 67.38%.
Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines.
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