Hydro One FY2024 EPS Raised by National Bank Financial

Hydro One Limited (TSE:H) – Equities researchers at National Bank Financial raised their FY2024 earnings per share estimates for Hydro One in a report released on Monday, January 6th. National Bank Financial analyst P. Kenny now forecasts that the company will post earnings per share of $1.89 for the year, up from their prior estimate of $1.88. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. National Bank Financial also issued estimates for Hydro One’s FY2026 earnings at $2.18 EPS, FY2027 earnings at $2.25 EPS and FY2028 earnings at $2.28 EPS.

A number of other equities research analysts also recently commented on the stock. Raymond James raised their price objective on shares of Hydro One from C$41.00 to C$45.00 in a research report on Thursday, September 19th. Royal Bank of Canada upped their target price on shares of Hydro One from C$41.00 to C$43.00 and gave the stock a “sector perform” rating in a research report on Thursday, October 3rd. Finally, CIBC lifted their price target on shares of Hydro One from C$45.00 to C$46.00 and gave the company a “neutral” rating in a research report on Wednesday. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, Hydro One has an average rating of “Hold” and a consensus target price of C$43.25.

Hydro One Stock Up 0.4 %

H opened at C$44.36 on Thursday. The stock has a market capitalization of C$26.59 billion, a P/E ratio of 23.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. Hydro One has a one year low of C$37.27 and a one year high of C$48.05. The business’s 50-day simple moving average is C$44.82 and its 200-day simple moving average is C$43.89. The company has a debt-to-equity ratio of 137.11, a quick ratio of 0.30 and a current ratio of 0.40.

Insider Buying and Selling at Hydro One

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

Hydro One Dividend Announcement

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

Hydro One Company Profile

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.