FY2025 EPS Estimates for Hydro One Lifted by Analyst

Hydro One Limited (TSE:H - Free Report) - National Bank Financial boosted their FY2025 earnings per share estimates for shares of Hydro One in a note issued to investors on Tuesday, April 22nd. National Bank Financial analyst P. Kenny now anticipates that the company will post earnings of $1.99 per share for the year, up from their prior estimate of $1.96. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Several other research analysts have also recently weighed in on H. Jefferies Financial Group upped their price objective on shares of Hydro One from C$45.00 to C$49.00 and gave the stock a "hold" rating in a research report on Tuesday, April 15th. Royal Bank of Canada upped their price objective on shares of Hydro One from C$43.00 to C$46.00 in a research report on Friday, February 21st. Raymond James decreased their price objective on shares of Hydro One from C$48.00 to C$45.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. CIBC upped their price objective on shares of Hydro One from C$46.00 to C$49.00 in a research report on Friday, April 4th. Finally, Scotiabank increased their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a research report on Thursday, February 13th. Seven investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of C$46.25.

Hydro One Price Performance

H stock traded up C$0.09 during mid-day trading on Friday, reaching C$51.58. 589,080 shares of the company traded hands, compared to its average volume of 1,012,648. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. The company has a market capitalization of C$30.93 billion, a P/E ratio of 27.20, a P/E/G ratio of 3.17 and a beta of 0.34. Hydro One has a 52-week low of C$38.17 and a 52-week high of C$51.86. The company has a fifty day moving average price of C$48.34 and a 200-day moving average price of C$46.00.

Hydro One Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.3142 per share. This represents a $1.26 annualized dividend and a dividend yield of 2.44%. This is a boost from Hydro One's previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 12th. Hydro One's payout ratio is presently 66.44%.

About Hydro One

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.