National Bank Financial Estimates Hydro One FY2025 Earnings

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) - Equities researchers at National Bank Financial increased their FY2025 earnings per share (EPS) estimates for Hydro One in a report released on Wednesday, August 13th. National Bank Financial analyst P. Kenny now anticipates that the company will earn $2.09 per share for the year, up from their previous estimate of $2.03. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share.

Several other equities research analysts also recently weighed in on the company. Wells Fargo & Company increased their price objective on Hydro One from C$47.00 to C$52.00 in a report on Friday, May 9th. TD Securities increased their price target on Hydro One from C$52.00 to C$54.00 and gave the stock a "hold" rating in a report on Thursday, August 14th. Desjardins set a C$58.00 price target on Hydro One and gave the stock a "buy" rating in a report on Tuesday, August 12th. National Bankshares increased their price target 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, Raymond James Financial increased their price target on Hydro One from C$48.00 to C$49.00 and gave the stock a "market perform" rating in a report on Thursday, August 14th. One research analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of C$51.00.

Hydro One Stock Performance

Shares of H stock traded up C$0.34 during trading hours on Friday, hitting C$50.93. The stock had a trading volume of 944,277 shares, compared to its average volume of 997,588. The firm has a market capitalization of C$30.54 billion, a PE ratio of 26.86, a PEG ratio of 3.17 and a beta of 0.34. Hydro One has a twelve month low of C$42.52 and a twelve month high of C$53.98. The stock's 50 day moving average is C$49.27 and its 200 day moving average is C$48.89. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30.

Hydro One Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors 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 yield of 2.6%. Hydro One's dividend payout ratio (DPR) 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.