TD Securities Increases Hydro One (TSE:H) Price Target to C$22.00

Hydro One (TSE:H) had its target price boosted by TD Securities from C$21.00 to C$22.00 in a research report sent to investors on Monday, BayStreet.CA reports. The firm currently has a hold rating on the stock.

Other equities research analysts also recently issued research reports about the company. Raymond James increased their price objective on Hydro One from C$23.00 to C$25.00 in a research report on Friday, July 26th. Canaccord Genuity increased their price objective on Hydro One from C$20.00 to C$21.50 in a research report on Monday, April 29th. CSFB upgraded Hydro One from an underperform rating to a neutral rating and increased their price objective for the company from C$20.00 to C$24.00 in a research report on Thursday, July 25th. BMO Capital Markets increased their price objective on Hydro One from C$23.00 to C$24.00 in a research report on Wednesday, June 26th. Finally, Royal Bank of Canada increased their price objective on Hydro One from C$23.00 to C$25.00 and gave the company a sector perform rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Hydro One has an average rating of Hold and an average price target of C$23.39.

H opened at C$23.83 on Monday. The company has a market capitalization of $14.25 billion and a price-to-earnings ratio of -101.40. The company has a debt-to-equity ratio of 127.79, a current ratio of 0.32 and a quick ratio of 0.27. Hydro One has a 1-year low of C$18.95 and a 1-year high of C$24.05. The business has a 50 day moving average price of C$23.32 and a two-hundred day moving average price of C$21.96.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Thursday, September 12th will be given a dividend of $0.242 per share. This represents a $0.97 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend is Wednesday, September 11th. This is an increase from Hydro One’s previous quarterly dividend of $0.23. Hydro One’s dividend payout ratio is -396.38%.

Hydro One Company Profile

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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Analyst Recommendations for Hydro One (TSE:H)

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