Desjardins Reiterates "C$58.00" Price Target for Hydro One (TSE:H)

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 objective on Hydro One (TSE:H - Free Report) in a research note published on Tuesday,BayStreet.CA reports. The firm 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.

Several other analysts also recently issued reports on the stock. Jefferies Financial Group lifted their price target on shares of Hydro One from C$45.00 to C$49.00 and gave the company a "hold" rating in a research report on Tuesday, April 15th. TD Securities raised shares of Hydro One to a "hold" rating and set a C$52.00 price target on the stock in a report on Friday, June 27th. Wells Fargo & Company boosted their price objective on Hydro One from C$47.00 to C$52.00 in a research note on Friday, May 9th. BMO Capital Markets boosted their price objective on Hydro One from C$46.00 to C$50.00 and gave the company a "market perform" rating in a research note on Friday, May 9th. Finally, Raymond James Financial decreased their price target on Hydro One from C$48.00 to C$45.00 and set a "market perform" rating on the stock in a research report on Thursday, April 17th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Hydro One has an average rating of "Hold" and a consensus target price of C$51.00.

Hydro One Trading Up 0.2%

TSE H traded up C$0.12 during trading hours on Tuesday, reaching C$50.87. The company's stock had a trading volume of 957,566 shares, compared to its average volume of 1,004,901. The firm has a fifty day simple moving average of C$49.20 and a 200-day simple moving average of C$48.78. The stock has a market cap of C$30.50 billion, a P/E ratio of 26.82, a P/E/G ratio of 3.17 and a beta of 0.34. Hydro One has a 52 week low of C$42.52 and a 52 week high of C$53.98. 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. Stockholders of record on Wednesday, September 10th will be issued a dividend of $0.3331 per share. This represents a $1.33 annualized dividend and a dividend yield of 2.6%. Hydro One's payout ratio 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.