Hydro One FY2025 EPS Raised by National Bank Financial

Hydro One Limited (TSE:H - Free Report) - Analysts at National Bank Financial increased their FY2025 earnings estimates for shares of Hydro One in a research note issued to investors on Tuesday, April 22nd. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $1.99 per share for the year, up from their prior estimate of $1.96. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

H has been the subject of several other research reports. Royal Bank of Canada boosted their target price on Hydro One from C$43.00 to C$46.00 in a research note on Friday, February 21st. Raymond James lowered 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 report on Thursday, April 17th. CIBC raised their price objective on Hydro One from C$46.00 to C$49.00 in a research report on Friday, April 4th. Jefferies Financial Group lifted their price target on 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. Finally, Scotiabank lifted their price target on Hydro One from C$45.00 to C$46.00 and gave the company a "sector perform" rating in a report on Thursday, February 13th. Seven equities research 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$46.25.

Hydro One Price Performance

H stock traded up C$0.66 during midday trading on Friday, reaching C$52.53. The stock had a trading volume of 282,573 shares, compared to its average volume of 997,750. The company's fifty day simple moving average is C$48.49 and its 200 day simple moving average is C$46.06. 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 company has a market cap of C$31.50 billion, a price-to-earnings ratio of 27.70, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. Hydro One has a 52-week low of C$38.17 and a 52-week high of C$53.11.

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 $0.3142 dividend. This is a positive change from Hydro One's previous quarterly dividend of $0.31. This represents a $1.26 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Wednesday, March 12th. Hydro One's dividend payout ratio 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.