Raymond James Has Bullish Estimate for Hydro One Q1 Earnings

Hydro One Limited (TSE:H) – Stock analysts at Raymond James lifted their Q1 2025 EPS estimates for shares of Hydro One in a research note issued to investors on Thursday, April 17th. Raymond James analyst T. Genzebu now forecasts that the company will post earnings of $0.54 per share for the quarter, up from their previous forecast of $0.51. Raymond James has a “Market Perform” rating and a $45.00 price objective on the stock. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. Raymond James also issued estimates for Hydro One’s Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $0.47 EPS, Q3 2026 earnings at $0.66 EPS, Q4 2026 earnings at $0.51 EPS and FY2026 earnings at $2.18 EPS.

H has been the subject of a number of other research reports. Scotiabank increased their price objective on shares of Hydro One from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Royal Bank of Canada increased their price target on Hydro One from C$43.00 to C$46.00 in a report on Friday, February 21st. CIBC boosted their price objective on Hydro One from C$46.00 to C$49.00 in a research note on Friday, April 4th. Finally, Jefferies Financial Group raised their target price on Hydro One from C$45.00 to C$49.00 and gave the stock a “hold” rating in a research note on Tuesday. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat, Hydro One presently has an average rating of “Hold” and an average price target of C$46.25.

Hydro One Stock Performance

TSE:H opened at C$51.12 on Friday. The company has a market cap of C$30.65 billion, a P/E ratio of 26.96, a P/E/G ratio of 3.17 and a beta of 0.34. Hydro One has a twelve month low of C$37.27 and a twelve month high of C$51.25. The company’s 50-day moving average price is C$47.45 and its 200-day moving average price is C$45.76. The company has a current ratio of 0.58, a quick ratio of 0.30 and a debt-to-equity ratio of 140.53.

Hydro One Increases Dividend

The firm also recently declared 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 yield of 2.46%. This is an increase from Hydro One’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 12th. Hydro One’s dividend payout ratio is 66.44%.

About Hydro One

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.