Should I buy or sell Hydro One stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Hydro One in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 12-month price objectives for Hydro One's stock. Their H share price targets range from C$35.00 to C$42.00. On average, they predict the company's share price to reach C$37.95 in the next twelve months. This suggests that the stock has a possible downside of 0.3%. 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 2023. Since then, H shares have increased by 5.0% and is now trading at C$38.08. 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) issued its quarterly earnings results on Wednesday, November, 8th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm earned $1.93 billion during 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 given a dividend of 0.296 per share on Friday, December 29th. This represents a $1.18 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date 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 3.13%. 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 .

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

C$38.08

+0.03 (+0.08%)

(As of 12/4/2023 ET)

Compare

Today's Range: C$37.71
▼
C$38.15
50-Day Range: C$33.09
▼
C$38.37
52-Week Range: C$32.79
▼
C$40.67

Volume: 995,046 shs
Average Volume: 1.05 million shs
Market Capitalization: C$22.81 billion

P/E Ratio: 21.16
Dividend Yield: 3.13%
Price Target: C$37.95

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Hydro One MarketRank™ Stock Analysis

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 0.3% Downside
C$37.95 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.69
Based on 3 Articles This Week
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.

1.90 out of 5 stars

2.1

Analyst's Opinion

Consensus Rating
Hydro One has received a consensus rating of Hold. The company's average rating score is 2.11, and is based on 1 buy rating, 8 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of C$37.95, Hydro One has a forecasted downside of 0.3% from its current price of C$38.08.
Amount of Analyst Coverage
Hydro One has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for H.

1.7

Dividend Strength

Dividend Yield
Hydro One pays a meaningful dividend of 3.13%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Hydro One does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Hydro One is 66.11%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for H.

3.2

News and Social Media Coverage

News Sentiment
Hydro One has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.49 average news sentiment score of Utilities companies.
News Coverage This Week
MarketBeat has tracked 3 news articles for Hydro One this week, compared to 2 articles on an average week.
Search Interest
12 people have searched for H on MarketBeat in the last 30 days. This is an increase of 140% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Hydro One to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Hydro One insiders have not sold or bought any company stock.
Percentage Held by Insiders
47.14% of the stock of Hydro One is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
Only 20.13% of the stock of Hydro One is held by institutions.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Hydro One is 21.16, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 116.39.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hydro One is 21.16, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 102.64.
Price to Earnings Growth Ratio
Hydro One has a PEG Ratio of 2.90. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Hydro One has a P/B Ratio of 1.95. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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

30 days | 90 days | 365 days | Advanced Chart

H Stock News Headlines

November 30, 2023 | finance.yahoo.com

Coaches Association of Ontario inaugural coaching report finds coaches play a vital role in sport, but only half are trained

November 28, 2023 | finance.yahoo.com

Did Hydro One Limited (TSE:H) Use Debt To Deliver Its ROE Of 9.3%?

December 5, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 17, 2023 | finance.yahoo.com

Hydro One with the support of nine First Nations partners submits its final Environmental Assessment Report for the Waasigan Transmission Line

November 8, 2023 | finanznachrichten.de

Hydro One Limited: Hydro One Reports Third Quarter Results

November 8, 2023 | msn.com

Hydro One GAAP EPS of $0.59, revenue of $1.93B

November 7, 2023 | finance.yahoo.com

The Township of Chapleau partners with Hydro One to energize life for its residents into the future

November 3, 2023 | finance.yahoo.com

Hydro One announces the Chatham to Lakeshore Transmission Line is on track to energize southwest Ontario a year ahead of schedule

December 5, 2023 | DTI Trader (Ad)

New CBOE “special perk” helps traders target income every weekend

You might not immediately realize what you’re reading. Let me help you out a little… What you're looking at is a “special perk” set up by the Chicago Board of Options Exchange.

November 1, 2023 | finance.yahoo.com

Community-focused organizations driving positive change invited to apply for Hydro One's Energizing Life Community Fund

October 31, 2023 | morningstar.com

Hydro One Ltd H

October 30, 2023 | finance.yahoo.com

Hydro One launches biodiversity initiative in southwest Ontario to fund habitat creation and invest in the natural environment

October 23, 2023 | finance.yahoo.com

Hydro One is investing in critical infrastructure to energize life in northeast and eastern Ontario

October 20, 2023 | msn.com

Hydro One: Risks Mount Despite Price Drop And 3 Tailwinds

October 19, 2023 | markets.businessinsider.com

CIBC Reaffirms Their Hold Rating on Hydro One (H)

October 19, 2023 | markets.businessinsider.com

Hydro One (H) Receives a Hold from National Bank

October 17, 2023 | finance.yahoo.com

Here's What To Make Of Hydro One's (TSE:H) Decelerating Rates Of Return

October 17, 2023 | finance.yahoo.com

Hydro One Inc. Prices Offering of $400 Million Medium Term Notes under Sustainable Financing Framework

October 10, 2023 | finance.yahoo.com

Hydro One and VR Vision collaborate to enhance customer care experience using virtual reality tools

October 5, 2023 | finance.yahoo.com

Hydro One expands its myEnergy Rewards program to electric vehicles and other smart home devices

October 3, 2023 | msn.com

One dead after serious collision in Middlesex Centre: OPP

September 28, 2023 | finance.yahoo.com

Hydro One Limited's (TSE:H) last week's 6.1% decline must have disappointed state or government who have a significant stake

September 28, 2023 | msn.com

How much does the Glasgow Hydro bring to the city's economy

September 20, 2023 | finance.yahoo.com

First Nations advance partnership with Hydro One to develop two new transmission line projects between Sault Ste. Marie and Sudbury

September 19, 2023 | finance.yahoo.com

Hydro One energizes 2023 International Plowing Match and Rural Expo

September 18, 2023 | finance.yahoo.com

Hydro One Inc. Prices Offering of $425 Million Medium Term Notes under Sustainable Financing Framework

September 18, 2023 | markets.businessinsider.com

Scotiabank Reaffirms Their Hold Rating on Hydro One (H)

See More Headlines

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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: 12/05/2023
Ex-Dividend for 12/29 Dividend: 12/12/2023
Dividend Payable: 12/29/2023
Next Earnings (Estimated): 2/13/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Industry: Utilities - Regulated Electric
Sub-Industry: N/A
Sector: Utilities
Current Symbol: TSE:H
CUSIP: N/A
CIK: N/A
Web: www.hydroone.com
Phone: +1-416-3451366
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: -0.3%
Consensus Rating: Hold
Rating Score (0-4): 2.11
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.80
Trailing P/E Ratio: 21.16
Forward P/E Ratio: 20.20
P/E Growth: 2.9
Net Income: C$1.08 billion
Net Margins: 14.00%
Pretax Margin: N/A
Return on Equity: 9.42%
Return on Assets: 3.64%

Debt

Debt-to-Equity Ratio: 131.57
Current Ratio: 0.42
Quick Ratio: 0.30

Sales & Book Value

Annual Sales: C$7.73 billion
Price / Sales: 2.95
Cash Flow: C$0.04 per share
Price / Cash Flow: 888.33
Book Value: C$19.49 per share
Price / Book: 1.95

Miscellaneous

Outstanding Shares: 599,080,000
Free Float: N/A
Market Cap: C$22.81 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

Key Competitors

View All Competitors

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 analysts have issued "buy," "hold," and "sell" ratings for Hydro One in the last twelve months. There are currently 8 hold ratings and 1 buy rating for the stock. The consensus among Wall Street 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 analysts have issued 12-month price objectives for Hydro One's stock. Their H share price targets range from C$35.00 to C$42.00. On average, they predict the company's share price to reach C$37.95 in the next twelve months. This suggests that the stock has a possible downside of 0.3%.
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 2023. Since then, H shares have increased by 5.0% and is now trading at C$38.08.
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) issued its quarterly earnings results on Wednesday, November, 8th. The company reported $0.59 EPS for the quarter, beating the consensus estimate of $0.57 by $0.02. The firm earned $1.93 billion during 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 given a dividend of 0.296 per share on Friday, December 29th. This represents a $1.18 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date 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 3.13%. 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 12/5/2023 by MarketBeat.com Staff

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

Hydro One MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Hydro One Stock (TSE:H)

H Stock Price History

H Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

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

Pros

Cons

H Stock Analysis - Frequently Asked Questions

Overall MarketRank^™