Desjardins Analysts Give Hydro One (TSE:H) a C$58.00 Price Target

Desjardins set a C$58.00 target price on Hydro One (TSE:HFree Report) in a research note released on Tuesday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock. Desjardins also issued estimates for Hydro One’s Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $0.63 EPS, Q4 2025 earnings at $0.34 EPS and FY2025 earnings at $2.10 EPS.

Several other equities research analysts have also weighed in on H. Wells Fargo & Company upped their target price on shares of Hydro One from C$47.00 to C$52.00 in a report on Friday, May 9th. CIBC lowered their target price on shares of Hydro One from C$52.00 to C$51.00 in a report on Monday, July 21st. Jefferies Financial Group upped their target price on shares of Hydro One from C$45.00 to C$49.00 and gave the stock a “hold” rating in a report on Tuesday, April 15th. Raymond James Financial lowered their target price on shares of Hydro One from C$48.00 to C$45.00 and set a “market perform” rating on the stock in a report on Thursday, April 17th. Finally, Royal Bank Of Canada upped their target price on shares of Hydro One from C$46.00 to C$53.00 in a report on Friday, May 9th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Hydro One currently has an average rating of “Hold” and an average target price of C$51.00.

View Our Latest Stock Analysis on Hydro One

Hydro One Trading Up 0.7%

Shares of Hydro One stock opened at C$50.75 on Tuesday. The firm has a market capitalization of C$30.43 billion, a PE ratio of 26.76, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a debt-to-equity ratio of 140.53, a current ratio of 0.58 and a quick ratio of 0.30. The company’s fifty day moving average price is C$49.17 and its two-hundred day moving average price is C$48.74. Hydro One has a 52-week low of C$42.52 and a 52-week high of C$53.98.

Hydro One Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Wednesday, September 10th will be issued a dividend of $0.3331 per share. This represents a $1.33 dividend on an annualized basis and a yield of 2.6%. Hydro One’s dividend payout ratio is currently 66.44%.

Hydro One Company Profile

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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.

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Analyst Recommendations for Hydro One (TSE:H)

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