Analysts Offer Predictions for Hydro One FY2025 Earnings

Hydro One Limited (TSE:H - Free Report) - Analysts at National Bank Financial upped their FY2025 earnings per share (EPS) estimates for Hydro One in a research report issued on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $1.99 per share for the year, up from their previous estimate of $1.98. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Several other research firms have also recently issued reports on H. Royal Bank of Canada upped their price target on shares of Hydro One from C$41.00 to C$43.00 and gave the company a "sector perform" rating in a report on Thursday, October 3rd. Raymond James lifted their price target on Hydro One from C$41.00 to C$45.00 in a research note on Thursday, September 19th. Finally, CIBC boosted their price objective on Hydro One from C$45.00 to C$46.00 and gave the company a "neutral" rating in a report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$43.25.

Hydro One Stock Up 0.4 %

Shares of TSE H traded up C$0.16 on Wednesday, hitting C$44.36. The company had a trading volume of 534,867 shares, compared to its average volume of 604,539. The firm has a market capitalization of C$26.59 billion, a P/E ratio of 23.72, a PEG ratio of 3.17 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11. Hydro One has a 12-month low of C$37.27 and a 12-month high of C$48.05. The business has a 50 day moving average of C$44.82 and a two-hundred day moving average of C$43.89.

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 dividend of $0.314 per share. This represents a $1.26 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One's dividend payout ratio is 67.38%.

Insider Transactions at Hydro One

In other news, Director Stacey Mowbray acquired 700 shares of Hydro One stock in a transaction that occurred on Monday, December 23rd. The shares were acquired at an average price of C$44.03 per share, for a total transaction of C$30,818.20. Following the transaction, the director now directly owns 700 shares of the company's stock, valued at approximately C$30,818.20. The trade was a ∞ increase in their position. Corporate insiders own 47.12% of the company's stock.

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.