Hydro One (TSE:H) Stock Passes Below Fifty Day Moving Average – Should You Sell?

Hydro One Limited (TSE:H)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$44.43 and traded as low as C$43.30. Hydro One shares last traded at C$43.98, with a volume of 1,426,564 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on H shares. CIBC lifted their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a research note on Wednesday, January 8th. Royal Bank of Canada lifted their price target on shares of Hydro One from C$43.00 to C$46.00 in a research note on Friday. Finally, Scotiabank lifted their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a research note on Thursday, February 13th. Five 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 target price of C$45.43.

Hydro One Trading Up 1.3 %

The stock has a market cap of C$26.72 billion, a PE ratio of 23.50, a P/E/G ratio of 3.17 and a beta of 0.34. The business’s fifty day moving average is C$44.43 and its 200 day moving average is C$44.91. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Hydro One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.314 dividend. This represents a $1.26 annualized dividend and a dividend yield of 2.82%. The ex-dividend date was Wednesday, December 11th. Hydro One’s dividend payout ratio (DPR) is presently 66.44%.

Insider Buying and Selling at Hydro One

In other Hydro One news, Director Stacey Mowbray purchased 700 shares of Hydro One stock in a transaction on Monday, December 23rd. The shares were bought at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the completion of the acquisition, the director now directly owns 700 shares of the company’s stock, valued at approximately C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. Insiders own 47.12% of the company’s stock.

Hydro One Company Profile

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.