National Bank Financial Predicts Hydro One Q1 Earnings

Hydro One Limited (TSE:H - Free Report) - Stock analysts at National Bank Financial issued their Q1 2025 earnings per share estimates for Hydro One in a research note issued to investors on Tuesday, April 22nd. National Bank Financial analyst P. Kenny forecasts that the company will post earnings of $0.56 per share for the quarter. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

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

Hydro One Stock Up 0.3 %

Hydro One stock traded up C$0.17 on Thursday, hitting C$51.49. 769,513 shares of the stock traded hands, compared to its average volume of 1,017,943. Hydro One has a 1 year low of C$37.87 and a 1 year high of C$51.71. The firm has a market cap of C$30.87 billion, a P/E ratio of 27.15, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. The business's fifty day simple moving average is C$48.20 and its 200 day simple moving average is C$45.94.

Hydro One Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.3142 per share. This represents a $1.26 annualized dividend and a yield of 2.44%. This is an increase from Hydro One's previous quarterly dividend of $0.31. The ex-dividend date of this dividend was Wednesday, March 12th. Hydro One's dividend payout ratio (DPR) is currently 66.44%.

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.