TD Increases Hydro One (TSE:H) Price Target to C$58.00

Hydro One (TSE:H) had its price target boosted by investment analysts at TD from C$57.00 to C$58.00 in a report released on Thursday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. TD’s price objective would suggest a potential upside of 0.69% from the stock’s current price.

Several other equities analysts have also commented on the company. TD Securities upped their target price on Hydro One from C$56.00 to C$57.00 and gave the company a “hold” rating in a report on Wednesday, February 18th. BMO Capital Markets upped their target price on Hydro One from C$55.00 to C$58.00 and gave the company a “market perform” rating in a report on Thursday. Scotia upped their target price on Hydro One from C$53.00 to C$58.00 and gave the company a “sector perform” rating in a report on Thursday. Raymond James Financial upped their target price on Hydro One from C$57.00 to C$58.00 and gave the company a “market perform” rating in a report on Tuesday, April 28th. Finally, Barclays lowered their target price on Hydro One from C$66.00 to C$63.00 in a report on Friday, April 10th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of C$56.64.

Hydro One Stock Down 1.6%

TSE:H opened at C$57.60 on Thursday. The firm has a market capitalization of C$34.57 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 3.17 and a beta of 0.38. The stock has a 50 day moving average of C$58.37 and a 200-day moving average of C$55.61. Hydro One has a 52 week low of C$47.54 and a 52 week high of C$60.46. The company has a current ratio of 0.54, a quick ratio of 0.30 and a debt-to-equity ratio of 149.17.

Hydro One (TSE:H) last posted its earnings results on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. The company had revenue of C$1.22 billion during the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%. Analysts predict that Hydro One will post 2.0572195 EPS for the current year.

More Hydro One News

Here are the key news stories impacting Hydro One this week:

• Positive Sentiment: Scotiabank increased its FY2026 EPS estimate for Hydro One to C$2.31 from C$2.27 and its FY2027 estimate to C$2.36 from C$2.34, signaling slightly stronger expected earnings.
• Positive Sentiment: BMO Capital Markets, TD, National Bank Financial, and Scotia all lifted their price targets to the C$56-C$58 range after the company’s earnings update, reflecting improved analyst sentiment. Analyst ratings update
• Positive Sentiment: Hydro One also announced a dividend increase alongside higher quarterly earnings, reinforcing its appeal as a defensive, income-oriented utility stock. Hydro One lifts dividend with rise in quarterly earnings
• Neutral Sentiment: Despite the target hikes, several firms kept only hold/sector perform-style ratings, suggesting analysts see the stock as fairly valued rather than a clear buy.
• Neutral Sentiment: Hydro One’s latest quarterly earnings call transcript is also available for investors reviewing management commentary and guidance. Hydro One Q1 2026 earnings call transcript

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. The province of Ontario holds an approximate 47% common equity stake.