FY2025 EPS Estimates for Hydro One Boosted by Analyst

Hydro One Limited (TSE:H) – Research analysts at National Bank Financial lifted their FY2025 earnings per share (EPS) estimates for Hydro One in a research note issued on Thursday, May 8th. National Bank Financial analyst P. Kenny now expects that the company will post earnings of $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 equities research analysts have also commented on the company. CIBC boosted their price target on Hydro One from C$46.00 to C$49.00 in a research note on Friday, April 4th. Wells Fargo & Company raised their target price on shares of Hydro One from C$47.00 to C$52.00 in a report on Friday, May 9th. Jefferies Financial Group upped their price target on shares of Hydro One from C$45.00 to C$49.00 and gave the company a “hold” rating in a report on Tuesday, April 15th. Royal Bank of Canada increased their price target on shares of Hydro One from C$46.00 to C$53.00 in a research report on Friday, May 9th. Finally, Desjardins set a C$58.00 price objective on Hydro One and gave the stock a “buy” rating in a research report on Tuesday, May 6th. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of C$49.67.

Hydro One Stock Down 2.1%

Shares of TSE:H opened at C$48.78 on Monday. Hydro One has a fifty-two week low of C$38.24 and a fifty-two week high of C$53.98. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53. The firm’s 50-day simple moving average is C$49.68 and its 200-day simple moving average is C$46.53. The company has a market cap of C$29.25 billion, a price-to-earnings ratio of 25.72, a PEG ratio of 3.17 and a beta of 0.34.

Hydro One Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were paid a dividend of $0.3142 per share. This is an increase from Hydro One’s previous quarterly dividend of $0.31. This represents a $1.26 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Wednesday, March 12th. Hydro One’s payout ratio is currently 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.