Hydro One FY2025 EPS Increased by National Bank Financial

Hydro One Limited (TSE:H) – Analysts at National Bank Financial boosted their FY2025 earnings estimates for Hydro One in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings of $1.99 per share for the year, up from their previous estimate of $1.98. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

Several other brokerages also recently weighed in on H. CIBC raised their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a report on Wednesday. Royal Bank of Canada boosted their price objective on Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a report on Thursday, October 3rd. Finally, Raymond James increased their price target on shares of Hydro One from C$41.00 to C$45.00 in a report on Thursday, September 19th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of C$43.25.

Hydro One Stock Performance

Shares of TSE:H opened at C$44.36 on Wednesday. Hydro One has a 52 week low of C$37.27 and a 52 week high of C$48.05. The firm has a 50 day moving average of C$44.82 and a 200 day moving average of C$43.89. The company has a market capitalization of C$26.59 billion, a price-to-earnings ratio of 23.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.40 and a debt-to-equity ratio of 137.11.

Hydro One Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st were paid a dividend of $0.314 per share. This represents a $1.26 annualized dividend and a yield of 2.83%. The ex-dividend date was Wednesday, December 11th. Hydro One’s payout ratio is 67.38%.

Insider Activity

In related news, Director Stacey Mowbray bought 700 shares of the firm’s stock in a transaction on Monday, December 23rd. The shares were bought at an average cost of C$44.03 per share, for a total transaction of C$30,818.20. Following the transaction, the director now owns 700 shares of the company’s stock, valued at approximately C$30,818.20. This trade represents a ∞ increase in their ownership of the stock. Company insiders own 47.12% of the company’s stock.

About Hydro One

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.