Desjardins Weighs in on Hydro One's FY2025 Earnings (TSE:H)

Hydro One Limited (TSE:H - Free Report) - Desjardins issued their FY2025 earnings per share (EPS) estimates for shares of Hydro One in a report released on Monday, May 5th. Desjardins analyst B. Stadler anticipates that the company will post earnings per share of $2.06 for the year. Desjardins has a "Buy" rating and a $58.00 price objective 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 FY2026 earnings at $2.20 EPS, FY2027 earnings at $2.30 EPS, FY2028 earnings at $2.40 EPS and FY2029 earnings at $2.61 EPS.

H has been the topic of several other reports. Royal Bank of Canada boosted their target price on Hydro One from C$46.00 to C$53.00 in a research note on Friday. Jefferies Financial Group lifted their price target on 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. CIBC lifted their price target on Hydro One from C$46.00 to C$49.00 in a research report on Friday, April 4th. BMO Capital Markets lifted their price target on Hydro One from C$46.00 to C$50.00 and gave the company a "market perform" rating in a research report on Friday. Finally, Wells Fargo & Company lifted their price target on Hydro One from C$47.00 to C$52.00 in a research report on Friday. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, Hydro One has an average rating of "Hold" and an average target price of C$49.67.

Hydro One Price Performance

Shares of TSE H traded down C$1.45 during trading hours on Wednesday, reaching C$49.60. 457,402 shares of the stock traded hands, compared to its average volume of 996,034. 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 company's 50-day simple moving average is C$49.59 and its two-hundred day simple moving average is C$46.48. The company has a market capitalization of C$29.74 billion, a P/E ratio of 26.16, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. Hydro One has a 52-week low of C$38.24 and a 52-week high of C$53.98.

Hydro One Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.3142 per share. This is an increase from Hydro One's previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend was Wednesday, March 12th. 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.