Raymond James Financial Issues Positive Forecast for Hydro One (TSE:H) Stock Price

Key Points

• Raymond James Financial has raised the price target for Hydro One's stock from C$48.00 to C$49.00, indicating a potential downside of 3.35% from its current price.
• Other analysts have also increased their target prices for Hydro One, with Desjardins setting a target of C$58.00 and Wells Fargo adjusting theirs to C$52.00, reflecting strong upward sentiment.
• Hydro One's stock is currently trading at C$50.70, with a market capitalization of C$30.40 billion and a P/E ratio of 26.74.

Hydro One (TSE:H - Free Report) had its target price upped by Raymond James Financial from C$48.00 to C$49.00 in a research note published on Thursday,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock. Raymond James Financial also issued estimates for Hydro One's Q4 2025 earnings at $0.34 EPS, Q1 2026 earnings at $0.64 EPS, Q2 2026 earnings at $0.55 EPS, Q3 2026 earnings at $0.67 EPS and FY2026 earnings at $2.22 EPS.

H has been the topic of several other reports. National Bankshares raised their price objective on Hydro One from C$47.00 to C$48.00 and gave the company a "sector perform" rating in a research report on Thursday, August 14th. Wells Fargo & Company boosted their price objective on Hydro One from C$47.00 to C$52.00 in a research report on Friday, May 9th. BMO Capital Markets boosted their target price on Hydro One from C$46.00 to C$50.00 and gave the stock a "market perform" rating in a report on Friday, May 9th. Royal Bank Of Canada boosted their target price on Hydro One from C$46.00 to C$53.00 in a report on Friday, May 9th. Finally, CIBC dropped their price target on Hydro One from C$52.00 to C$51.00 in a report on Monday, July 21st. One analyst has rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of C$51.00.

Hydro One Price Performance

TSE H traded down C$0.20 during mid-day trading on Thursday, hitting C$50.59. The stock had a trading volume of 927,663 shares, compared to its average volume of 1,001,733. The company has a 50 day simple moving average of C$49.27 and a 200 day simple moving average of C$48.89. The company has a market cap of C$30.33 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 3.17 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. Hydro One has a 52-week low of C$42.52 and a 52-week high of C$53.98.

Hydro One Announces Dividend

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 given a $0.3331 dividend. This represents a $1.33 annualized dividend and a 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.