Hydro One (H) Stock Forecast, Price & News

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hydro One in the last year. There are currently 1 sell rating and 6 hold ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" H shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in H, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 1-year price targets for Hydro One's stock. Their H share price forecasts range from C$36.00 to C$42.00. On average, they predict the company's stock price to reach C$38.28 in the next twelve months. This suggests a possible upside of 0.1% from the stock's current price.
View analysts price targets for H or view top-rated stocks among Wall Street analysts.

Hydro One's stock was trading at C$36.27 at the beginning of the year. Since then, H stock has increased by 5.5% and is now trading at C$38.25.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, August 8th 2023.
View our H earnings forecast.

Hydro One Limited (TSE:H) issued its quarterly earnings data on Friday, May, 5th. The company reported $0.47 EPS for the quarter, meeting analysts' consensus estimates of $0.47. The business had revenue of $2.07 billion for the quarter. Hydro One had a trailing twelve-month return on equity of 9.10% and a net margin of 13.09%.

Hydro One declared a quarterly dividend on Tuesday, June 6th. Stockholders of record on Friday, June 30th will be given a dividend of 0.296 per share on Friday, June 30th. This represents a $1.18 annualized dividend and a dividend yield of 3.10%. The ex-dividend date is Tuesday, June 6th. This is an increase from the stock's previous quarterly dividend of C$0.28.
Read our dividend analysis for H.

Hydro One (TSE:H) pays an annual dividend of C$1.19 per share and currently has a dividend yield of 3.09%. The dividend payout ratio is 69.59%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for H.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hydro One investors own include Hawkins (HWKN), Enbridge (ENB), Toronto-Dominion Bank (TD), CA (CA), Inter Pipeline (IPL), BCE (BCE), Bombardier, Inc. Class B (BBD.B), Manulife Financial (MFC), Bank of Nova Scotia (BNS) and Royal Bank of Canada (RY).

Hydro One trades on the Toronto Stock Exchange (TSX) under the ticker symbol "H."

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.
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One share of H stock can currently be purchased for approximately C$38.25.

Hydro One (TSE:H) has a market capitalization of C$22.90 billion and generates C$7.81 billion in revenue each year. The company earns C$1.02 billion in net income (profit) each year or C$1.71 on an earnings per share basis.

The company employs 6,260 workers across the globe.

Hydro One's mailing address is 8th Floor; South, 483 Bay St Tower 1000, TORONTO, ON M5G 2P5, Canada. The official website for the company is www.hydroone.com. The company can be reached via phone at +1-416-3451366.