Hydro One (TSE:H) PT Set at C$58.00 by Desjardins

Key Points

• Hydro One has received a price target of C$58.00 from Desjardins, indicating a potential upside of 14.99% based on the stock's previous close.
• The company's current consensus rating stands at "Hold" with an average target price of C$50.10, reflecting mixed sentiments among analysts.
• Hydro One serves nearly 1.5 million customers in Ontario, with transmission making up about 60% of its rate base and a small telecom subsidiary contributing less than 1% to its total revenue.

Desjardins set a C$58.00 price target on Hydro One (TSE:H - Free Report) in a research note published on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for Hydro One's Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.65 EPS, Q4 2025 earnings at $0.34 EPS, FY2025 earnings at $2.13 EPS, FY2025 earnings at $2.10 EPS, FY2026 earnings at $2.23 EPS and FY2027 earnings at $2.35 EPS.

Other equities analysts have also issued research reports about the stock. Jefferies Financial Group increased their target price on shares of Hydro One from C$45.00 to C$49.00 and gave the stock a "hold" rating in a research report on Tuesday, April 15th. Wells Fargo & Company increased their target price on shares of Hydro One from C$47.00 to C$52.00 in a research report on Friday, May 9th. BMO Capital Markets increased their target price on shares of Hydro One from C$46.00 to C$50.00 and gave the stock a "market perform" rating in a research report on Friday, May 9th. Royal Bank Of Canada raised their price objective on shares of Hydro One from C$46.00 to C$53.00 in a research report on Friday, May 9th. Finally, TD Securities upgraded shares of Hydro One to a "hold" rating and set a C$52.00 price objective for the company in a research report on Friday, June 27th. Eight investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Hydro One presently has a consensus rating of "Hold" and an average price target of C$51.00.

Hydro One Stock Up 0.2%

H traded up C$0.12 during trading on Tuesday, hitting C$50.87. 957,566 shares of the company's stock were exchanged, compared to its average volume of 1,004,901. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. The business's 50 day moving average is C$49.20 and its two-hundred day moving average is C$48.78. Hydro One has a fifty-two week low of C$42.52 and a fifty-two week high of C$53.98. The stock has a market cap of C$30.50 billion, a P/E ratio of 26.82, a PEG ratio of 3.17 and a beta of 0.34.

Hydro One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Wednesday, September 10th will be paid a $0.3331 dividend. This represents a $1.33 dividend on an annualized basis and a dividend yield of 2.6%. Hydro One's dividend payout ratio (DPR) is presently 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.