Hydro One Q4 EPS Forecast Cut by Raymond James Financial

Key Points

• Raymond James Financial has lowered its Q4 2026 earnings estimate for Hydro One to $0.36 per share, down from $0.51, while maintaining a "Market Perform" rating with a target price of $49.00.
• Hydro One's upcoming quarterly dividend of $0.3331 is set to be distributed on September 29th, resulting in an annualized dividend of $1.33 and a yield of 2.6%.
• The stock currently has an average price target of C$51.00 and a "Hold" rating from eight investment analysts, with one analyst providing a "Buy" rating.

Hydro One Limited (TSE:H - Free Report) - Investment analysts at Raymond James Financial decreased their Q4 2026 earnings per share (EPS) estimates for Hydro One in a research note issued to investors on Wednesday, August 13th. Raymond James Financial analyst T. Genzebu now forecasts that the company will post earnings of $0.36 per share for the quarter, down from their previous forecast of $0.51. Raymond James Financial currently has a "Market Perform" rating and a $49.00 price objective on the stock. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Other analysts have also issued research reports about the company. Desjardins set a C$58.00 price target on Hydro One and gave the company a "buy" rating in a report on Tuesday, August 12th. BMO Capital Markets upped their target price on Hydro One from C$46.00 to C$50.00 and gave the stock a "market perform" rating in a report on Friday, May 9th. Wells Fargo & Company upped their target price on Hydro One from C$47.00 to C$52.00 in a report on Friday, May 9th. National Bankshares upped their target price on Hydro One from C$47.00 to C$48.00 and gave the stock a "sector perform" rating in a report on Thursday, August 14th. Finally, CIBC lowered their target price on Hydro One from C$52.00 to C$51.00 in a report on Monday, July 21st. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of C$51.00.

Hydro One Trading Down 0.9%

Shares of TSE H traded down C$0.45 during trading hours on Monday, reaching C$50.55. The stock had a trading volume of 282,334 shares, compared to its average volume of 994,337. 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 firm has a market cap of C$30.31 billion, a price-to-earnings ratio of 26.66, a P/E/G ratio of 3.17 and a beta of 0.34. The business's fifty day moving average price is C$49.35 and its two-hundred day moving average price is C$48.94. Hydro One has a 52-week low of C$42.52 and a 52-week high of C$53.98.

Hydro One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Wednesday, September 10th will be given a dividend of $0.3331 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.6%. Hydro One's payout ratio is presently 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.