Equities Analysts Issue Forecasts for Hydro One Q1 Earnings

Hydro One Limited (TSE:H - Free Report) - Stock analysts at Desjardins issued their Q1 2025 earnings estimates for shares of Hydro One in a research report issued to clients and investors on Monday, May 5th. Desjardins analyst B. Stadler expects that the company will post earnings per share of $0.56 for the quarter. Desjardins has a "Buy" rating and a $58.00 price target on the stock. The consensus estimate for Hydro One's current full-year earnings is $2.06 per share. Desjardins also issued estimates for Hydro One's Q2 2025 earnings at $0.49 EPS, Q3 2025 earnings at $0.58 EPS and Q4 2025 earnings at $0.43 EPS.

H has been the topic of several other research reports. Raymond James dropped their price target on shares of Hydro One from C$48.00 to C$45.00 and set a "market perform" rating on the stock in a research note on Thursday, April 17th. Royal Bank of Canada lifted their target price on Hydro One from C$46.00 to C$53.00 in a research note on Friday. Jefferies Financial Group increased their price target on Hydro One from C$45.00 to C$49.00 and gave the stock a "hold" rating in a research note on Tuesday, April 15th. Wells Fargo & Company lifted their price objective on shares of Hydro One from C$47.00 to C$52.00 in a research note on Friday. Finally, BMO Capital Markets upped their price objective on shares of Hydro One from C$46.00 to C$50.00 and gave the stock a "market perform" rating in a report on Friday. Seven investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of C$49.67.

Hydro One Stock Performance

Shares of TSE H traded down C$0.71 during midday trading on Thursday, hitting C$49.10. The company's stock had a trading volume of 649,639 shares, compared to its average volume of 1,000,872. The firm has a market cap of C$29.44 billion, a P/E ratio of 25.89, a P/E/G ratio of 3.17 and a beta of 0.34. Hydro One has a 1-year low of C$38.24 and a 1-year high of C$53.98. The firm's fifty day moving average price is C$49.64 and its 200-day moving average price is C$46.50. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58.

Hydro One Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a dividend of $0.3142 per share. This is a boost from Hydro One's previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend was Wednesday, March 12th. Hydro One's dividend payout ratio (DPR) is currently 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.