Should I buy or sell Hydro One stock right now?

9 Wall Street equities research 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 equities 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 analysts have issued 1 year target prices for Hydro One's shares. Their H share price targets range from C$38.00 to C$42.00. On average, they predict the company's stock price to reach C$39.89 in the next twelve months. This suggests a possible upside of 5.8% 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 2024. Since then, H shares have decreased by 5.1% and is now trading at C$37.69. 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) announced its quarterly earnings results on Tuesday, February, 13th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $1.98 billion for the quarter. Hydro One had a trailing twelve-month return on equity of 9.45% and a net margin of 13.83%.

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

Hydro One declared a quarterly dividend on Tuesday, March 12th. Shareholders of record on Thursday, March 28th will be given a dividend of 0.296 per share on Thursday, March 28th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date 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?

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) , Xtrackers California Municipal Bond ETF (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 .

TSE:H

Hydro One (H) Stock Price, News & Analysis

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Free H Stock Alerts

C$37.69

+0.09 (+0.24%)

(As of 04/17/2024 ET)

Compare

Today's Range: C$37.29
▼
C$37.74
50-Day Range: C$37.60
▼
C$41.64
52-Week Range: C$32.79
▼
C$41.69

Volume: 652,570 shs
Average Volume: 890,339 shs
Market Capitalization: C$22.58 billion

P/E Ratio: 20.82
Dividend Yield: 3.16%
Price Target: C$39.89

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

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Hydro One MarketRank™ Stock Analysis

Analyst Rating: Hold
2.11 Rating Score
Upside/Downside: 5.8% Upside
C$39.89 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.40
Based on 7 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.

1.27 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.
Amount of Analyst Coverage
Hydro One has been the subject of 6 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 2.99%, 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 65.75%. 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.

2.4

News and Social Media Coverage

News Sentiment
Hydro One has a news sentiment score of 0.40. 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 news sentiment score is similar to the average news sentiment of Utilities companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Hydro One this week, compared to 2 articles on an average week.
Search Interest
10 people have searched for H on MarketBeat in the last 30 days. This is an increase of 25% 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
47.15% 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 22.28% 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 20.82, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 139.07.
Price to Earnings Ratio vs. Sector
The P/E ratio of Hydro One is 20.82, which means that it is trading at a less expensive P/E ratio than the Utilities sector average P/E ratio of about 78.99.
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 1.93. 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

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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

30 days | 90 days | 365 days | Advanced Chart

H Stock News Headlines

April 17, 2024 | oilprice.com

Canada's Hydro-Heavy Decarbonization Strategy in Jeopardy

April 17, 2024 | msn.com

A Connecticut river is named one of ‘most endangered’ in US. Here’s why and what it means for residents

April 18, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 17, 2024 | msn.com

Does Hydro Mousse Liquid Lawn Work Or Is It Too Good To Be True?

April 14, 2024 | msn.com

The best restaurants near Glasgow's OVO Hydro for a pre-gig bite to eat

April 11, 2024 | msn.com

'Enough' says unions after hydro-plant disaster

April 11, 2024 | americanbankingnews.com

Hydro One (TSE:H) Share Price Passes Below Fifty Day Moving Average of $40.29

April 4, 2024 | uk.news.yahoo.com

From Ben Lomond to bake sales: How one woman's efforts is set to save lives

April 18, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 4, 2024 | msn.com

BC Hydro launches call for private wind, solar power producers to feed grid

April 4, 2024 | msn.com

First, it was Hydro Flask; then, Stanley. Will Owala be next to saturate your social feeds?

April 1, 2024 | msn.com

Slash Hydro Stage Times: Glasgow gig set times, support, tickets, likely setlist and age restrictions

April 1, 2024 | msn.com

American dad came to Glasgow for Hydro gig - then met band

April 1, 2024 | msn.com

Electricity credit for B.C. Hydro customers coming in April

April 1, 2024 | msn.com

Puvirnituq generator breaks down; 2nd one in 7 months

March 31, 2024 | msn.com

Lakeshore Council greenlights Hydro One partnership projects in Comber

March 30, 2024 | yahoo.com

Zelenskyy: Russian attacks on Ukrainian hydro plants could trigger environmental disaster

March 29, 2024 | msn.com

Twenty One Pilots: How much are Twenty One Pilots tickets for Glasgow OVO Hydro, presale, date

March 28, 2024 | msn.com

How To Play As Hydro Traveler In Genshin Impact

March 18, 2024 | msn.com

Ne-Yo Hydro Stage Times: Glasgow gig set times, support, tickets, likely setlist and age restrictions

March 18, 2024 | msn.com

Stevie Nicks Glasgow Presale: How to get tickets for the Fleetwood Mac singer's OVO Hydro gig, likely setlist

March 14, 2024 | reuters.com

Norsk Hydro picks Kallevik as new CEO

March 13, 2024 | msn.com

Corsair Launches Hydro X Series iCUE LINK XH405i RGB Custom Cooling Kit and New Water Blocks for ASUS/MSI GeForce RTX 4080 Series GPUs

March 13, 2024 | yahoo.com

Bipartisan coalition of elected officials united in opposing Cuffs Run hydro project

March 13, 2024 | msn.com

Amazon Secretly Slashed Up to 58% Off Clever Camping Finds From Lodge, Stanley, and Hydro Flask

March 12, 2024 | msn.com

James Arthur Hydro Stage Times: Glasgow gig set times, support, tickets, likely setlist and age restrictions

March 11, 2024 | msn.com

Montreal weather: The lights are on, no one gets to stay home

See More Headlines

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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: 4/17/2024
Next Earnings (Confirmed): 5/14/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Utilities
Industry: Utilities - Regulated Electric
Sub-Industry: N/A
Current Symbol: TSE:H
CUSIP: N/A
CIK: N/A
Web: www.hydroone.com
Phone: +1-416-3451366
Fax: N/A
Employees: 7,044
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$39.89
High Stock Price Target: C$42.00
Low Stock Price Target: C$38.00
Potential Upside/Downside: +5.8%
Consensus Rating: Hold
Rating Score (0-4): 2.11
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$1.81
Trailing P/E Ratio: 20.82
Forward P/E Ratio: 19.73
P/E Growth: 2.9
Net Income: C$1.08 billion
Net Margins: 13.83%
Pretax Margin: N/A
Return on Equity: 9.45%
Return on Assets: 3.58%

Debt

Debt-to-Equity Ratio: 133.77
Current Ratio: 0.50
Quick Ratio: 0.30

Sales & Book Value

Annual Sales: C$7.84 billion
Price / Sales: 2.88
Cash Flow: C$0.04 per share
Price / Cash Flow: 888.33
Book Value: C$19.50 per share
Price / Book: 1.93

Miscellaneous

Outstanding Shares: 599,080,000
Free Float: N/A
Market Cap: C$22.58 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

Key Competitors

View All Competitors

Insiders

Brian Tellef Vaasjo
Bought 12,800 shares on 12/22/2023
Total: C$499,573.76 ($39.03/share)

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 equities research 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 equities 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 analysts have issued 1 year target prices for Hydro One's shares. Their H share price targets range from C$38.00 to C$42.00. On average, they predict the company's stock price to reach C$39.89 in the next twelve months. This suggests a possible upside of 5.8% 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 2024. Since then, H shares have decreased by 5.1% and is now trading at C$37.69.
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) announced its quarterly earnings results on Tuesday, February, 13th. The company reported $0.30 EPS for the quarter, meeting the consensus estimate of $0.30. The firm had revenue of $1.98 billion for the quarter. Hydro One had a trailing twelve-month return on equity of 9.45% and a net margin of 13.83%.

How often does Hydro One pay dividends? What is the dividend yield for Hydro One?: Hydro One declared a quarterly dividend on Tuesday, March 12th. Shareholders of record on Thursday, March 28th will be given a dividend of 0.296 per share on Thursday, March 28th. This represents a $1.18 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date 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?: 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), Xtrackers California Municipal Bond ETF (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 4/18/2024 by MarketBeat.com Staff

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Hydro One (H) Stock Price, News & Analysis

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

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

Insiders

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

Pros

Cons

H Stock Analysis - Frequently Asked Questions

Overall MarketRank^™