Brokers Issue Forecasts for Hydro One’s Q2 Earnings (TSE:H)

Hydro One Limited (TSE:H) – Equities researchers at Raymond James raised their Q2 2025 earnings estimates for Hydro One in a research note issued on Thursday, May 8th. Raymond James analyst T. Genzebu now expects that the company will post earnings per share of $0.45 for the quarter, up from their prior forecast of $0.44. Raymond James currently has a “Market Perform” rating and a $45.00 price target on the stock. The consensus estimate for Hydro One’s current full-year earnings is $2.06 per share. Raymond James also issued estimates for Hydro One’s Q3 2025 earnings at $0.64 EPS, Q4 2025 earnings at $0.40 EPS and FY2025 earnings at $2.09 EPS.

A number of other research analysts also recently weighed in on the company. Royal Bank of Canada raised their price target on Hydro One from C$46.00 to C$53.00 in a research note on Friday, May 9th. Scotiabank increased their price objective on Hydro One from C$45.00 to C$46.00 and gave the company a “sector perform” rating in a report on Thursday, February 13th. Jefferies Financial Group boosted their target price on shares of Hydro One from C$45.00 to C$49.00 and gave the stock a “hold” rating in a report on Tuesday, April 15th. CIBC upped their price target on shares of Hydro One from C$46.00 to C$49.00 in a research report on Friday, April 4th. Finally, Desjardins set a C$58.00 price objective on shares of Hydro One and gave the company a “buy” rating in a research report on Tuesday, May 6th. Seven equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of C$49.67.

Hydro One Price Performance

TSE H opened at C$48.78 on Monday. Hydro One has a 12-month low of C$38.24 and a 12-month high of C$53.98. The firm’s 50 day moving average is C$49.68 and its 200-day moving average is C$46.53. The company has a market capitalization of C$29.25 billion, a PE ratio of 25.72, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. The company has a quick ratio of 0.30, a current ratio of 0.58 and a debt-to-equity ratio of 140.53.

Hydro One Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.3142 per share. The ex-dividend date was Wednesday, March 12th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.58%. This is an increase from Hydro One’s previous quarterly dividend of $0.31. Hydro One’s dividend payout ratio (DPR) is currently 66.44%.

About Hydro One

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.