Hydro One (TSE:H) Sets New 12-Month High – What’s Next?

Posted by George Bondi on Jul 28th, 2026

Hydro One Limited (TSE:H – Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as C$60.54 and last traded at C$60.54, with a volume of 97087 shares traded. The stock had previously closed at C$59.79.

Analyst Ratings Changes

Several equities analysts recently issued reports on H shares. Scotia boosted their target price on shares of Hydro One from C$53.00 to C$58.00 and gave the company a “sector perform” rating in a research note on Thursday, May 14th. Jefferies Financial Group cut shares of Hydro One from a “hold” rating to a “moderate sell” rating in a report on Monday, June 1st. BMO Capital Markets upped their price objective on shares of Hydro One from C$55.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Thursday, May 14th. National Bank Financial increased their target price on shares of Hydro One from C$56.00 to C$61.00 and gave the stock a “sector perform” rating in a research note on Monday, June 1st. Finally, Barclays lowered their target price on shares of Hydro One from C$66.00 to C$63.00 in a research note on Friday, April 10th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$57.09.

Get Our Latest Analysis on H

Hydro One Trading Up 0.0%

The firm has a market capitalization of C$35.89 billion, a price-to-earnings ratio of 26.23, a P/E/G ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 149.17, a quick ratio of 0.30 and a current ratio of 0.54. The company has a 50 day moving average price of C$58.06 and a two-hundred day moving average price of C$57.31.

Hydro One (TSE:H – Get Free Report) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.65 earnings per share (EPS) for the quarter. The firm had revenue of C$1.22 billion for the quarter. Hydro One had a net margin of 14.78% and a return on equity of 10.87%. On average, research analysts forecast that Hydro One Limited will post 2.0572195 EPS for the current year.

Hydro One Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were given a dividend of $0.3531 per share. This is a boost from Hydro One’s previous quarterly dividend of $0.33. The ex-dividend date was Wednesday, June 10th. This represents a $1.41 annualized dividend and a dividend yield of 2.4%. Hydro One’s payout ratio is currently 58.44%.

Hydro One Company Profile

(Get Free Report)

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. The province of Ontario holds an approximate 47% common equity stake.