Hydro One FY2024 EPS Increased by National Bank Financial

Hydro One Limited (TSE:H) – Analysts at National Bank Financial raised their FY2024 EPS estimates for shares of Hydro One in a research note issued to investors on Monday, January 6th. National Bank Financial analyst P. Kenny now expects that the company will earn $1.89 per share for the year, up from their previous forecast 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.

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

Hydro One Stock Up 0.4 %

TSE:H opened at C$44.36 on Thursday. The firm’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 market cap of C$26.59 billion, a PE ratio of 23.72, a P/E/G 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 company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30.

Hydro One Announces Dividend

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

Insiders Place Their Bets

In related news, Director Stacey Mowbray purchased 700 shares of the business’s stock in a transaction on Monday, December 23rd. The stock was acquired at an average price of C$44.03 per share, with a total value of C$30,818.20. Following the purchase, the director now directly owns 700 shares in the company, valued at approximately C$30,818.20. This 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.