Stacey Mowbray Acquires 700 Shares of Hydro One Limited (TSE:H) Stock

Hydro One Limited (TSE:H) Director Stacey Mowbray acquired 700 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the transaction, the director now owns 700 shares in the company, valued at approximately C$30,818.20. The trade was a ∞ increase in their position.

Hydro One Stock Performance

Hydro One stock opened at C$44.51 on Wednesday. The company has a market cap of C$26.68 billion, a PE ratio of 23.80, a PEG ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.30 and a debt-to-equity ratio of 137.11. Hydro One Limited has a 1 year low of C$37.27 and a 1 year high of C$48.05. The company’s 50-day moving average is C$45.06 and its two-hundred day moving average is C$43.59.

Hydro One Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a $0.314 dividend. The ex-dividend date is Wednesday, December 11th. This represents a $1.26 annualized dividend and a yield of 2.82%. Hydro One’s dividend payout ratio is currently 67.38%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on H shares. Raymond James raised their target price on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. BMO Capital Markets raised their price objective on shares of Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. Finally, Royal Bank of Canada upped their target price on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Eight analysts have rated the stock with a hold rating, According to data from MarketBeat, Hydro One presently has a consensus rating of “Hold” and an average target price of C$43.00.

Hydro One Company Profile

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.