BMO Capital Markets downgraded shares of Hydro One (TSE:H – Free Report) from an outperform rating to a market perform rating in a report issued on Thursday morning, Marketbeat reports.
H has been the topic of a number of other reports. National Bankshares lifted their price target on Hydro One from C$39.00 to C$40.00 in a report on Thursday. CIBC lifted their target price on Hydro One from C$41.00 to C$44.00 in a research note on Thursday. Finally, Scotiabank decreased their price target on shares of Hydro One from C$40.00 to C$38.00 and set a sector perform rating for the company in a research report on Monday, April 22nd. Eight research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hydro One presently has a consensus rating of Hold and a consensus price target of C$40.63.
Get Our Latest Stock Analysis on Hydro One
Hydro One Stock Performance
Hydro One Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, September 11th will be issued a $0.314 dividend. This represents a $1.26 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend is Wednesday, September 11th. Hydro One’s dividend payout ratio is presently 67.38%.
About Hydro One
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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