Hydro One FY2025 EPS Increased by National Bank Financial

Hydro One Limited (TSE:H) – Stock analysts at National Bank Financial lifted their FY2025 EPS estimates for Hydro One in a research note issued to investors on Thursday, May 8th. National Bank Financial analyst P. Kenny now forecasts that the company will earn $2.03 per share for the year, up from their previous forecast of $1.99. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

Several other analysts have also weighed in on the company. Jefferies Financial Group boosted their price objective on Hydro One from C$45.00 to C$49.00 and gave the company a “hold” rating in a report on Tuesday, April 15th. BMO Capital Markets boosted their price target on Hydro One from C$46.00 to C$50.00 and gave the company a “market perform” rating in a report on Friday, May 9th. Scotiabank lifted their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a report on Thursday, February 13th. CIBC boosted their target price on shares of Hydro One from C$46.00 to C$49.00 in a research note on Friday, April 4th. Finally, Royal Bank of Canada raised their price target on shares of Hydro One from C$46.00 to C$53.00 in a research report on Friday, May 9th. Seven research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of C$49.67.

Hydro One Price Performance

H opened at C$48.78 on Monday. The company has a market capitalization of C$29.25 billion, a P/E ratio of 25.72, a PEG ratio of 3.17 and a beta of 0.34. The company has a 50-day moving average of C$49.68 and a 200-day moving average of C$46.53. The company has a debt-to-equity ratio of 140.53, a quick ratio of 0.30 and a current ratio of 0.58. Hydro One has a 1-year low of C$38.24 and a 1-year high of C$53.98.

Hydro One Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.3142 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date was Wednesday, March 12th. This is a boost from Hydro One’s previous quarterly dividend of $0.31. Hydro One’s dividend payout ratio (DPR) is 66.44%.

Hydro One Company Profile

Hydro One operates regulated transmission and distribution assets in Ontario. The area’s largest electricity provider serves nearly 1.5 million customers. Transmission accounts for roughly 60% of the company’s rate base, with distribution accounting for the remainder. Hydro One operates a small telecom business, Acronym Solutions, with annual revenue contributing less than 1% to consolidated results.