Hydro One (TSE:H) Downgraded by Jefferies Financial Group to Moderate Sell

by · The Cerbat Gem

Jefferies Financial Group downgraded shares of Hydro One (TSE:H – Free Report) from a hold rating to a moderate sell rating in a report published on Monday,Zacks.com reports.

Several other equities analysts have also issued reports on the stock. National Bank Financial boosted their target price on shares of Hydro One from C$56.00 to C$61.00 and gave the company a “sector perform” rating in a report on Monday. Scotia boosted their target price on shares of Hydro One from C$53.00 to C$58.00 and gave the company a “sector perform” rating in a report on Thursday, May 14th. TD boosted their target price on shares of Hydro One from C$57.00 to C$58.00 and gave the company a “hold” rating in a report on Thursday, May 14th. BMO Capital Markets boosted their target price on shares of Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a report on Thursday, May 14th. Finally, TD Securities boosted their target price on shares of Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Hydro One currently has an average rating of “Hold” and a consensus price target of C$57.09.

View Our Latest Research Report on H

Hydro One Price Performance

Shares of TSE:H opened at C$55.85 on Monday. The firm has a market cap of C$33.52 billion, a PE ratio of 24.50, a price-to-earnings-growth ratio of 3.17 and a beta of 0.38. The firm’s fifty day moving average is C$58.17 and its 200-day moving average is C$56.14. The company has a debt-to-equity ratio of 149.17, a quick ratio of 0.30 and a current ratio of 0.54. Hydro One has a 52 week low of C$47.54 and a 52 week high of C$60.46.

Hydro One (TSE:H – Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$1.22 billion for the quarter. Hydro One had a net margin of 14.78% and a return on equity of 10.87%. Sell-side analysts predict that Hydro One will post 2.0572195 earnings per share for the current year.

Hydro One Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.3531 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This is a boost from Hydro One’s previous quarterly dividend of $0.33. This represents a $1.41 annualized dividend and a dividend yield of 2.5%. Hydro One’s payout ratio is presently 58.44%.

About Hydro One

(Get Free Report)

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.

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