Raymond James Has Positive Outlook of Hydro One Q1 Earnings

Hydro One Limited (TSE:H - Free Report) - Analysts at Raymond James upped their Q1 2025 earnings estimates for Hydro One in a research report issued on Friday, February 21st. Raymond James analyst T. Genzebu now anticipates that the company will post earnings of $0.51 per share for the quarter, up from their prior estimate of $0.50. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share. Raymond James also issued estimates for Hydro One's Q2 2025 earnings at $0.44 EPS, Q3 2025 earnings at $0.61 EPS, Q4 2025 earnings at $0.50 EPS and FY2025 earnings at $2.06 EPS.

A number of other brokerages also recently commented on H. Royal Bank of Canada increased their price target on Hydro One from C$43.00 to C$46.00 in a report on Friday. CIBC upped their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the company a "neutral" rating in a research note on Wednesday, January 8th. Finally, Scotiabank lifted 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. Five investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of C$45.43.

Hydro One Stock Down 0.2 %

Hydro One stock traded down C$0.11 during midday trading on Monday, hitting C$45.09. 242,809 shares of the stock were exchanged, compared to its average volume of 737,821. The company has a 50 day moving average price of C$44.45 and a two-hundred day moving average price of C$44.93. 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 firm has a market cap of C$27.03 billion, a P/E ratio of 23.78, a P/E/G ratio of 3.17 and a beta of 0.34. Hydro One has a 1 year low of C$37.27 and a 1 year high of C$48.05.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were given a dividend of $0.314 per share. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date of this dividend was Wednesday, December 11th. Hydro One's payout ratio is 66.44%.

Insider Buying and Selling

In other news, Director Stacey Mowbray bought 700 shares of the firm's stock in a transaction on Monday, December 23rd. The stock was purchased 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 owns 700 shares in the company, valued at approximately C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. Company 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.