FY2025 EPS Estimates for Hydro One Boosted by Analyst

Key Points

• National Bank Financial raised its FY2025 earnings estimate for Hydro One to $2.09 per share, up from $2.03, slightly above the consensus estimate of $2.06.
• Several brokerages have increased their target prices for Hydro One, with BMO Capital Markets setting a new price of C$50.00 and TD Securities raising it to C$54.00, reflecting a generally positive outlook.
• Hydro One announced a quarterly dividend of $0.3331 per share, translating to an annualized dividend of $1.33 and a yield of 2.6%, suggesting a solid return for investors.

Hydro One Limited (TSE:H - Free Report) - National Bank Financial lifted their FY2025 earnings per share estimates for shares of Hydro One in a research report issued to clients and investors on Wednesday, August 13th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $2.09 per share for the year, up from their prior estimate of $2.03. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Several other research analysts have also weighed in on the company. Wells Fargo & Company upped their price target on Hydro One from C$47.00 to C$52.00 in a research report on Friday, May 9th. BMO Capital Markets upped their price target on Hydro One from C$46.00 to C$50.00 and gave the company a "market perform" rating in a research report on Friday, May 9th. Royal Bank Of Canada upped their price target on Hydro One from C$46.00 to C$53.00 in a research 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 research report on Thursday. Finally, Raymond James Financial upped their target price on Hydro One from C$48.00 to C$49.00 and gave the stock a "market perform" rating in a research report on Thursday. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, Hydro One has an average rating of "Hold" and a consensus target price of C$51.00.

Hydro One Trading Down 0.2%

Shares of Hydro One stock traded down C$0.08 on Friday, reaching C$50.79. 578,477 shares of the company were exchanged, compared to its average volume of 1,002,202. The stock has a fifty day moving average price of C$49.24 and a 200-day moving average price of C$48.87. The firm has a market capitalization of C$30.45 billion, a price-to-earnings ratio of 26.78, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53. Hydro One has a fifty-two week low of C$42.52 and a fifty-two week high of C$53.98.

Hydro One Announces Dividend

The business 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 $0.3331 dividend. This represents a $1.33 annualized dividend and a dividend yield of 2.6%. Hydro One's dividend payout ratio is currently 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.