Hydro One (H) Stock Price, News & Analysis

Company Overview

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. The company serves residential, small business, commercial, and industrial customers, as well as municipal utilities. It also provides telecommunications support services for its transmission and distribution businesses; and information and communications technology services and solutions. The company was incorporated in 2015 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$44.97 to C$45.22
• 50-Day Range: C$43.84 to C$47.77
• 52-Week Range: C$37.04 to C$48.05
• Volume: 23,245 shs
• Average Volume: 987,661 shs
• Market Capitalization: C$27.05 billion
• P/E Ratio: 24.13
• Dividend Yield: 2.79%
• Price Target: C$43.00
• Consensus Rating: Hold

Hydro One Stock Analysis - MarketRank™

Hydro One scored higher than 14% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Hydro One has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 8 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Hydro One has only been the subject of 2 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Hydro One is 24.17, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.65.

Price to Earnings Ratio vs. Sector

The P/E ratio of Hydro One is 24.17, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 98.44.

Price to Earnings Growth Ratio

Hydro One has a PEG Ratio of 3.17. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Hydro One has a P/B Ratio of 2.28. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for H.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Hydro One pays a meaningful dividend of 2.73%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Hydro One does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Hydro One is 67.38%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for H.

News and Social Media

• Score: 0.9 / 5
• News Sentiment: -0.40

News Sentiment

Hydro One has a news sentiment score of -0.40. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.68 average news sentiment score of Utilities companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Hydro One this week, compared to 4 articles on an average week.

Search Interest

Only 15 people have searched for H on MarketBeat in the last 30 days. This is a decrease of -12% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Hydro One insiders have not sold or bought any company stock.

Percentage Held by Insiders

47.12% of the stock of Hydro One is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 22.09% of the stock of Hydro One is held by institutions.

H Stock Analysis - Frequently Asked Questions

How have H shares performed this year?

Hydro One's stock was trading at C$39.70 on January 1st, 2024. Since then, H stock has increased by 13.8% and is now trading at C$45.19.
View the best growth stocks for 2024 here.

How do I buy shares of Hydro One?

Shares of H stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Hydro One own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hydro One investors own include Enbridge (ENB), Toronto-Dominion Bank (TD), Bank of Nova Scotia (BNS), Hawkins (HWKN), BCE (BCE), Royal Bank of Canada (RY) and Manulife Financial (MFC).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/11/2024
• Dividend Payable: 9/27/2024
• Today: 11/21/2024
• Ex-Dividend for 12/31 Dividend: 12/11/2024
• Dividend Payable: 12/31/2024
• Next Earnings (Estimated): 2/11/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Utilities
• Industry: Utilities - Regulated Electric
• Sub-Industry: Restaurants, Hotels, Motels
• Current Symbol: TSE:H
• CUSIP: N/A
• CIK: N/A
• Web: www.hydroone.com
• Phone: +1-416-3451366
• Fax: N/A
• Employees: 50,000
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$43.00
• High Stock Price Target: C$46.00
• Low Stock Price Target: C$38.00
• Potential Upside/Downside: -4.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 8 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$1.87
• Trailing P/E Ratio: 24.17
• Forward P/E Ratio: 21.97
• P/E Growth: 3.17
• Net Income: C$1.12 billion
• Net Margins: 13.85%
• Pretax Margin: N/A
• Return on Equity: 9.61%
• Return on Assets: 3.57%

Debt

• Debt-to-Equity Ratio: 137.11
• Current Ratio: 0.40
• Quick Ratio: 0.30

Sales & Book Value

• Annual Sales: C$8.11 billion
• Price / Sales: 3.34
• Cash Flow: C$0.05 per share
• Price / Cash Flow: 888.33
• Book Value: C$19.86 per share
• Price / Book: 2.28

Miscellaneous

• Outstanding Shares: 599,440,000
• Free Float: N/A
• Market Cap: C$27.09 billion
• Optionable: Not Optionable
• Beta: 0.34