National Bank Financial Comments on Hydro One Q1 Earnings

Hydro One Limited (TSE:H - Free Report) - Equities research analysts at National Bank Financial issued their Q1 2025 earnings estimates for shares of Hydro One in a research note issued on Tuesday, April 22nd. National Bank Financial analyst P. Kenny forecasts that the company will post earnings of $0.56 per share for the quarter. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Several other analysts also recently weighed in on H. Scotiabank boosted their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a "sector perform" rating in a research report on Thursday, February 13th. Raymond James dropped their price objective on shares of Hydro One from C$48.00 to C$45.00 and set a "market perform" rating on the stock in a report on Thursday, April 17th. Jefferies Financial Group upped their price objective on shares of Hydro One from C$45.00 to C$49.00 and gave the company a "hold" rating in a report on Tuesday, April 15th. Royal Bank of Canada raised their price target on shares of Hydro One from C$43.00 to C$46.00 in a research report on Friday, February 21st. Finally, CIBC upped their price objective on shares of Hydro One from C$46.00 to C$49.00 in a research report on Friday, April 4th. Seven investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of C$46.25.

Hydro One Stock Performance

TSE:H traded up C$0.03 during trading hours on Thursday, hitting C$51.61. 126,722 shares of the company were exchanged, compared to its average volume of 1,001,743. The stock has a market capitalization of C$30.94 billion, a price-to-earnings ratio of 27.22, a PEG 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$52.09. 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 company's 50 day moving average price is C$48.34 and its 200-day moving average price is C$46.00.

Hydro One Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.3142 per share. This is a positive change from Hydro One's previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend was Wednesday, March 12th. Hydro One's payout ratio is 66.44%.

About Hydro One

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.