Hydro One (TSE:H) Share Price Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Hydro One Limited (TSE:H) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty 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 changing hands.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on H. BMO Capital Markets upped their price target on Hydro One from C$42.00 to C$44.00 in a research report on Thursday, September 5th. Wells Fargo & Company upped their price target on Hydro One from C$42.00 to C$46.00 in a research report on Monday, August 19th. Royal Bank of Canada upped their price target on Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research report on Thursday, October 3rd. CIBC increased their target price on Hydro One from C$41.00 to C$44.00 in a research report on Thursday, August 15th. Finally, 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 report on Friday, August 23rd. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Hydro One has an average rating of “Hold” and an average price target of C$43.00.

Hydro One Price Performance

The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The company has a 50-day simple moving average of C$45.46 and a two-hundred day simple moving average of C$42.80. The stock has a market capitalization of C$27.35 billion, a price-to-earnings ratio of 24.33, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.

Hydro One Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, December 11th will be issued a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, December 11th. Hydro One’s dividend payout ratio (DPR) is 67.38%.

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.