Analysts Issue Forecasts for Hydro One Q4 Earnings

Hydro One Limited (TSE:H) – Stock analysts at National Bank Financial issued their Q4 2024 EPS estimates for Hydro One in a research note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny anticipates that the company will post earnings of $0.31 per share for the quarter. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share.

Separately, CIBC increased their price target on Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 8th. Eight analysts have rated the stock with a hold rating, According to MarketBeat.com, Hydro One presently has an average rating of “Hold” and a consensus price target of C$43.25.

Hydro One Stock Performance

Shares of TSE:H opened at C$45.22 on Thursday. The company has a debt-to-equity ratio of 137.11, a current ratio of 0.40 and a quick ratio of 0.30. The business’s fifty day moving average price is C$44.62 and its two-hundred day moving average price is C$44.48. Hydro One has a fifty-two week low of C$37.27 and a fifty-two week high of C$48.05. The stock has a market capitalization of C$27.11 billion, a price-to-earnings ratio of 24.18, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34.

Hydro One (TSE:H) last issued its earnings results on Thursday, November 7th. The company reported C$0.62 earnings per share for the quarter, beating the consensus estimate of C$0.58 by C$0.04. Hydro One had a net margin of 13.85% and a return on equity of 9.61%. During the same quarter last year, the company posted $0.59 EPS.

Hydro One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st were issued a $0.314 dividend. The ex-dividend date was Wednesday, December 11th. This represents a $1.26 annualized dividend and a dividend yield of 2.78%. Hydro One’s dividend payout ratio (DPR) is currently 67.38%.

Insider Transactions at Hydro One

In related news, Director Stacey Mowbray bought 700 shares of Hydro One stock in a transaction that occurred on Monday, December 23rd. The stock was purchased at an average cost of C$44.03 per share, with a total value of C$30,818.20. Following the purchase, the director now owns 700 shares in the company, valued at approximately C$30,818.20. This trade represents a ? increase in their ownership of the stock. 47.12% of the stock is currently owned by insiders.

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.