Hydro One (TSE:H) Price Target Raised to C$59.00

Hydro One (TSE:H) had its price objective increased by TD from C$58.00 to C$59.00 in a research report released on Wednesday morning,BayStreet reports. The brokerage currently has a hold rating on the stock.

Other equities research analysts have also recently issued research reports about the company. Canadian Imperial Bank of Commerce decreased their price objective on Hydro One from C$59.00 to C$56.00 in a report on Tuesday, September 22nd. Barclays dropped their target price on Hydro One from C$63.00 to C$61.00 in a research note on Thursday, August 13th. Desjardins set a C$61.00 target price on Hydro One and gave the company a “buy” rating in a research note on Tuesday, October 27th. BMO Capital Markets increased their target price on Hydro One from C$55.00 to C$58.00 and gave the stock a “market perform” rating in a research report on Wednesday. Finally, Royal Bank Of Canada increased their target price on Hydro One from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 13th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Hydro One currently has a consensus rating of “Hold” and an average target price of C$57.92.

Hydro One Stock Up 0.3%

Shares of TSE H opened at C$57.23 on Wednesday. Hydro One has a 1 year low of C$50.14 and a 1 year high of C$60.57. The firm’s 50 day moving average price is C$53.10 and its 200 day moving average price is C$56.30. The firm has a market cap of C$34.34 billion, a P/E ratio of 24.25, a price-to-earnings-growth ratio of 3.17 and a beta of 0.40. The company has a debt-to-equity ratio of 149.86, a quick ratio of 0.30 and a current ratio of 0.69.

Hydro One (TSE:H) last released its earnings results on Tuesday, November 10th. The company reported C$0.68 EPS for the quarter. The firm had revenue of C$1.29 billion during the quarter. Hydro One had a net margin of 14.49% and a return on equity of 10.89%. As a group, sell-side analysts anticipate that Hydro One will post 2.06 earnings per share for the current year.

Hydro One Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.3531 per share. The ex-dividend date of this dividend was Wednesday, September 9th. This represents a $1.41 annualized dividend and a yield of 2.5%. Hydro One’s dividend payout ratio is 57.31%.

About Hydro One

Hydro One Limited, through its wholly-owned subsidiaries, is Ontario’s largest electricity transmission and distribution provider with 1.5 million valued customers, $39.7 billion in assets as at December 31, 2025, and annual revenues in 2025 of $9 billion. Our team of 9,600 skilled and dedicated employees proudly build and maintain a safe and reliable electricity system which is essential to supporting strong and successful communities. In 2025, Hydro One invested $3.4 billion in its transmission and distribution networks, and supported the economy through buying $3 billion of goods and services.