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Hydro One Stock Price, News & Analysis (TSE:H)

C$38.99
+0.11 (+0.28%)
(As of 04:21 PM ET)
Compare
Today's Range
C$38.50
C$39.00
50-Day Range
C$33.09
C$38.88
52-Week Range
C$32.79
C$40.68
Volume
1.25 million shs
Average Volume
1.05 million shs
Market Capitalization
C$23.36 billion
P/E Ratio
21.66
Dividend Yield
3.05%
Price Target
C$37.95

Hydro One MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
2.7% Downside
C$37.95 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
N/A
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.34 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 high-voltage transmission lines and primary low-voltage distribution network. 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 line project draws concerns
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Hydro One Limited: Hydro One Reports Third Quarter Results
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
Hydro One Ltd H
CIBC Reaffirms Their Hold Rating on Hydro One (H)
Hydro One (H) Receives a Hold from National Bank
See More Headlines
Receive H Stock News and Ratings via Email

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Company Calendar

Ex-Dividend for 9/29 Dividend
9/12/2023
Dividend Payable
9/29/2023
Last Earnings
11/08/2023
Today
12/08/2023
Ex-Dividend for 12/29 Dividend
12/12/2023
Dividend Payable
12/29/2023
Next Earnings (Estimated)
2/13/2024

Industry, Sector and Symbol

Industry
Utilities - Regulated Electric
Sub-Industry
N/A
Sector
Utilities
CIK
N/A
Fax
N/A
Employees
6,503
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$37.95
High Stock Price Target
C$42.00
Low Stock Price Target
C$35.00
Potential Upside/Downside
-2.4%
Consensus Rating
Hold
Rating Score (0-4)
2.11
Research Coverage
9 Analysts

Profitability

Net Income
C$1.08 billion
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$7.73 billion
Cash Flow
C$0.04 per share
Book Value
C$19.49 per share

Miscellaneous

Free Float
N/A
Market Cap
C$23.29 billion
Optionable
Not Optionable
Beta
0.26
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Key Executives

  • Mr. David Lebeter (Age 63)
    President, CEO & Director
    Comp: $1.15M
  • Mr. Christopher Felix Lopez (Age 48)
    Executive VP, Chief Financial & Regulatory Officer
    Comp: $1.17M
  • Ms. Megan Telford (Age 48)
    Executive Vice President of Strategy, Energy Transition & HR
    Comp: $1.01M
  • Ms. Teri French
    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
    Executive Vice President of Capital Portfolio Delivery
  • Ms. Maureen Wareham
    Corporate Secretary

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

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Hydro One was last updated on Sunday, December 3, 2023 at 4:37 PM.

Pros

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

  • Hydro One Limited is an electricity transmission and distribution company in Ontario, which means it plays a crucial role in providing essential services to the province.
  • The company has a diverse portfolio of assets, including transmission lines, distribution networks, and power generation facilities, which provides stability and potential for growth.
  • Hydro One Limited has a strong track record of delivering reliable and efficient electricity services to its customers, which contributes to its reputation and customer loyalty.
  • With the increasing demand for clean energy, Hydro One Limited is well-positioned to capitalize on the transition to renewable energy sources and contribute to a sustainable future.
  • Investing in Hydro One Limited offers the opportunity to benefit from the company's ongoing investments in infrastructure upgrades and technological advancements, which can lead to improved operational efficiency and cost savings.

Cons

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

  • There is a potential risk of regulatory changes or government intervention in the electricity sector, which could impact the company's operations and profitability.
  • Hydro One Limited operates in a highly regulated industry, which means it is subject to strict compliance requirements and potential penalties for non-compliance.
  • The company's financial performance may be influenced by factors such as fluctuations in electricity demand, energy prices, and economic conditions, which could affect its revenue and profitability.
  • Investing in Hydro One Limited involves exposure to market risks, including interest rate fluctuations, currency exchange rates, and general market volatility.
  • There is competition in the electricity transmission and distribution sector, which could impact Hydro One Limited's market share and pricing power.














H Stock Analysis - Frequently Asked Questions

Should I buy or sell Hydro One stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Hydro One in the last year. There are currently 8 hold ratings and 1 buy rating 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.
View H analyst ratings
or view top-rated stocks.

What is Hydro One's stock price target for 2024?

9 equities research analysts have issued 1-year price objectives for Hydro One's shares. Their H share price targets range from C$35.00 to C$42.00. On average, they predict the company's stock price to reach C$37.95 in the next twelve months. This suggests that the stock has a possible downside of 2.7%.
View analysts price targets for H
or view top-rated stocks among Wall Street analysts.

How have H shares performed in 2023?

Hydro One's stock was trading at C$36.27 at the beginning of the year. Since then, H shares have increased by 7.5% and is now trading at C$38.99.
View the best growth stocks for 2023 here
.

When is Hydro One's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 13th 2024.
View our H earnings forecast
.

How were Hydro One's earnings last quarter?

Hydro One Limited (TSE:H) announced its earnings results on Wednesday, November, 8th. The company reported $0.59 earnings per share for the quarter, topping analysts' consensus estimates of $0.57 by $0.02. The company had revenue of $1.93 billion for the quarter. Hydro One had a trailing twelve-month return on equity of 9.42% and a net margin of 14.00%.

How often does Hydro One pay dividends? What is the dividend yield for Hydro One?

Hydro One declared a quarterly dividend on Tuesday, December 12th. Shareholders of record on Friday, December 29th will be paid a dividend of 0.296 per share on Friday, December 29th. This represents a $1.18 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Tuesday, December 12th.
Read our dividend analysis for H
.

Is Hydro One a good dividend stock?

Hydro One (TSE:H) pays an annual dividend of C$1.19 per share and currently has a dividend yield of 3.12%. The dividend payout ratio is 66.11%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for H.

What other stocks do shareholders of Hydro One own?

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).

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.

This page (TSE:H) was last updated on 12/8/2023 by MarketBeat.com Staff

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