Raymond James Cuts Hydro One (TSE:H) Price Target to C$45.00

Hydro One (TSE:H) had its target price trimmed by Raymond James from C$48.00 to C$45.00 in a research note published on Thursday morning,BayStreet.CA reports. The brokerage currently has a market perform rating on the stock. Raymond James also issued estimates for Hydro One’s Q1 2025 earnings at $0.54 EPS, Q1 2026 earnings at $0.54 EPS, Q2 2026 earnings at $0.47 EPS, Q3 2026 earnings at $0.66 EPS, Q4 2026 earnings at $0.51 EPS and FY2026 earnings at $2.18 EPS.

H has been the subject of several other research reports. Royal Bank of Canada increased their price objective on shares of Hydro One from C$43.00 to C$46.00 in a research report on Friday, February 21st. Scotiabank lifted their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a “sector perform” rating in a research report on Thursday, February 13th. Jefferies Financial Group boosted their price objective on shares of Hydro One from C$45.00 to C$49.00 and gave the company a “hold” rating in a research report on Tuesday, April 15th. Finally, CIBC increased their price target on Hydro One from C$46.00 to C$49.00 in a report on Friday, April 4th. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Hydro One has a consensus rating of “Hold” and an average target price of C$46.25.

Hydro One Trading Up 2.1 %

Shares of H opened at C$51.12 on Thursday. Hydro One has a 1 year low of C$37.27 and a 1 year high of C$51.25. The company has a 50 day simple moving average of C$47.57 and a two-hundred day simple moving average of C$45.79. 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 firm has a market cap of C$30.65 billion, a P/E ratio of 26.96, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.

Hydro One Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a $0.3142 dividend. This is a boost from Hydro One’s previous quarterly dividend of $0.31. The ex-dividend date was Wednesday, March 12th. This represents a $1.26 dividend on an annualized basis and a yield of 2.46%. Hydro One’s dividend payout ratio is presently 66.44%.

Hydro One Company Profile

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.