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TSE:H

Hydro One (H) Stock Price, News & Analysis

C$42.42
+0.36 (+0.86%)
(As of 07/26/2024 ET)
Today's Range
C$42.22
C$42.55
50-Day Range
C$38.47
C$42.06
52-Week Range
C$32.79
C$42.55
Volume
525,616 shs
Average Volume
979,211 shs
Market Capitalization
C$25.43 billion
P/E Ratio
23.18
Dividend Yield
2.97%
Price Target
C$39.89

Hydro One MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
6.0% Downside
C$39.89 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.15mentions of Hydro One in the last 14 days
Based on 13 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

0.62 out of 5 stars

H stock logo

About Hydro One Stock (TSE:H)

Hydro One Limited, through its subsidiaries, operates as an electricity transmission and distribution company in Ontario. The company operates through three segments: Transmission, Distribution, and Other. It owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 125,000 circuit kilometers primary low-voltage distribution lines. The company serves residential, small business, commercial, and industrial customers, as well as municipal utilities. It also provides telecommunications support services for its transmission and distribution businesses; and information and communications technology services and solutions. The company was incorporated in 2015 and is headquartered in Toronto, Canada.

H Stock Price History

H Stock News Headlines

Hydro One Ltd. stock rises Thursday, outperforms market
CIBC Raises Hydro One (TSE:H) Price Target to C$41.00
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Company Calendar

Last Earnings
5/14/2024
Ex-Dividend for 6/28 Dividend
6/12/2024
Dividend Payable
6/28/2024
Today
7/26/2024
Next Earnings (Confirmed)
8/14/2024

Industry, Sector and Symbol

Sector
Utilities
Industry
Utilities - Regulated Electric
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
7,044
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$39.89
High Stock Price Target
C$42.00
Low Stock Price Target
C$38.00
Potential Upside/Downside
-6.0%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
C$1.10 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$7.94 billion
Cash Flow
C$0.05 per share
Book Value
C$19.70 per share

Miscellaneous

Free Float
N/A
Market Cap
C$25.45 billion
Optionable
Not Optionable
Beta
0.29
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Key Executives

  • Mr. David Lebeter (Age 64)
    President, CEO & Director
    Comp: $1.15M
  • Mr. Christopher Felix Lopez (Age 49)
    Executive VP, Chief Financial & Regulatory Officer
    Comp: $1.17M
  • Ms. Megan Telford (Age 49)
    Executive Vice President of Strategy, Energy Transition & HR
    Comp: $1.01M
  • Ms. Teri French (Age 55)
    Executive VP of Safety, Operations & Customer Experience
  • Mr. Omar Javed
    Vice President of Investor Relations
  • Mr. Joseph Agostino
    Chief Compliance Officer, Senior VP & General Counsel
  • Jay Armitage
    Vice President of Marketing and Communications
  • Mr. Andrew Spencer (Age 43)
    Executive Vice President of Capital Portfolio Delivery
  • Ms. Renee Dione McKenzie (Age 48)
    Executive VP of Digital & Technology Solutions
  • Ms. Maureen Wareham
    Corporate Secretary

Should I Buy Hydro One Stock? H Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Hydro One Limited:

  • Hydro One Limited has a strong track record of consistent revenue growth, providing stability for investors.
  • The company's recent quarterly earnings report exceeded analyst expectations, indicating positive financial performance.
  • With a current stock price of C$40.86, there is potential for capital appreciation as the stock has shown an upward trend.
  • Hydro One's diversified business segments, including transmission, distribution, and other services, offer resilience against market fluctuations.
  • The company's focus on technological innovation and providing telecommunications support services enhances its competitive edge in the industry.

Cons

Investors should be bearish about investing in Hydro One Limited for these reasons:

  • Hydro One Limited operates in a regulated industry, subject to government policies and regulations that may impact profitability.
  • The company's high debt-to-equity ratio of 141.04 raises concerns about its financial leverage and ability to manage debt effectively.
  • Market analysts have provided a mixed outlook on the stock, with some maintaining a hold rating, indicating uncertainty in the investment potential.
  • Hydro One's beta of 0.29 suggests lower volatility compared to the market, potentially limiting opportunities for aggressive growth investors.
  • The company's current ratio of 0.63 may indicate liquidity challenges in meeting short-term obligations.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Hydro One pros and cons to contact@marketbeat.com.

H Stock Analysis - Frequently Asked Questions

How have H shares performed this year?

Hydro One's stock was trading at C$39.70 at the beginning of the year. Since then, H shares have increased by 6.9% and is now trading at C$42.42.
View the best growth stocks for 2024 here
.

How were Hydro One's earnings last quarter?

Hydro One Limited (TSE:H) posted its quarterly earnings results on Tuesday, May, 14th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm earned $2.17 billion during the quarter. Hydro One had a trailing twelve-month return on equity of 9.45% and a net margin of 13.81%.

How do I buy shares of Hydro One?

Shares of H stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Hydro One own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Hydro One investors own include Hawkins (HWKN), Enbridge (ENB), Toronto-Dominion Bank (TD), Xtrackers California Municipal Bond ETF (CA), Inter Pipeline (IPL), BCE (BCE) and Bombardier, Inc. Class B (BBD.B).

This page (TSE:H) was last updated on 7/26/2024 by MarketBeat.com Staff

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