TSE:H

Hydro One (H) Stock Price, News & Analysis

C$38.03
+0.23 (+0.61%)
(As of 04/22/2024 ET)
Today's Range
C$37.75
C$38.15
50-Day Range
C$37.60
C$41.64
52-Week Range
C$32.79
C$41.69
Volume
453,121 shs
Average Volume
884,726 shs
Market Capitalization
C$22.78 billion
P/E Ratio
21.01
Dividend Yield
3.13%
Price Target
C$39.78

Hydro One MarketRank™ Stock Analysis

Analyst Rating
Hold
2.11 Rating Score
Upside/​Downside
4.0% Upside
C$39.56 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.21mentions of Hydro One in the last 14 days
Based on 12 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.

1.31 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

CIBC Lowers Hydro One (TSE:H) Price Target to C$39.00
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Company Calendar

Last Earnings
2/13/2024
Ex-Dividend for 3/28 Dividend
3/12/2024
Dividend Payable
3/28/2024
Today
4/22/2024
Next Earnings (Confirmed)
5/14/2024

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$39.78
High Stock Price Target
C$42.00
Low Stock Price Target
C$38.00
Potential Upside/Downside
+4.3%
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$7.84 billion
Cash Flow
C$0.04 per share
Book Value
C$19.50 per share

Miscellaneous

Free Float
N/A
Market Cap
C$22.85 billion
Optionable
Not Optionable
Beta
0.31
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Key Executives

  • Mr. David Lebeter (Age 64)
    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 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. 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 has a strong market capitalization of C$24.17 billion, indicating stability and potential for growth.
  • The company reported a return on equity of 9.45%, showcasing efficient use of shareholder funds to generate profits.
  • With a net margin of 13.83%, Hydro One demonstrates effective cost management and profitability.
  • Analysts forecast earnings per share of 1.9114632 for the current fiscal year, suggesting positive financial performance.
  • Despite recent fluctuations, the stock price of Hydro One has shown resilience and potential for value appreciation.

Cons

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

  • Hydro One has a high debt-to-equity ratio of 133.77, indicating a significant reliance on debt financing which can pose risks.
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 Wednesday, April 10, 2024. Please send any questions or comments about these Hydro One pros and cons to contact@marketbeat.com.

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 Wall Street analysts have issued 12 month price targets for Hydro One's stock. Their H share price targets range from C$38.00 to C$42.00. On average, they anticipate the company's stock price to reach C$39.56 in the next twelve months. This suggests a possible upside of 4.0% from the stock's current price.
View analysts price targets for H
or view top-rated stocks among Wall Street analysts.

How have H shares performed in 2024?

Hydro One's stock was trading at C$39.70 at the beginning of the year. Since then, H shares have decreased by 4.2% and is now trading at C$38.03.
View the best growth stocks for 2024 here
.

When is Hydro One's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our H earnings forecast
.

How were Hydro One's earnings last quarter?

Hydro One Limited (TSE:H) released its quarterly earnings data on Tuesday, February, 13th. The company reported $0.30 earnings per share for the quarter, hitting the consensus estimate of $0.30. The firm had revenue of $1.98 billion for the quarter. Hydro One had a net margin of 13.83% and a trailing twelve-month return on equity of 9.45%.

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

Hydro One announced a quarterly dividend on Tuesday, March 12th. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.296 per share on Thursday, March 28th. This represents a $1.18 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date of this dividend is Tuesday, March 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 2.99%. The dividend payout ratio is 65.75%. 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?
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 4/23/2024 by MarketBeat.com Staff

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