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

Hydro One (TSE:H) had its price objective raised by BMO Capital Markets from C$55.00 to C$58.00 in a research note issued to investors on Wednesday morning,BayStreet reports. The brokerage currently has a market perform rating on the stock.

A number of other equities analysts have also weighed in on the stock. Desjardins set a C$61.00 price objective on shares of Hydro One and gave the company a “buy” rating in a research report on Tuesday, October 27th. Barclays dropped their price objective on shares of Hydro One from C$63.00 to C$61.00 in a research note on Thursday, August 13th. Canadian Imperial Bank of Commerce cut their price objective on shares of Hydro One from C$59.00 to C$56.00 in a research report on Tuesday, September 22nd. Finally, Royal Bank Of Canada raised their target price on shares of Hydro One from C$58.00 to C$60.00 and gave the stock a “sector perform” rating in a research note 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of C$57.92.

Hydro One Stock Performance

Shares of H stock opened at C$57.23 on Wednesday. The stock has a market capitalization of C$34.34 billion, a PE ratio of 24.25, a price-to-earnings-growth ratio of 3.17 and a beta of 0.40. Hydro One has a 52-week low of C$50.14 and a 52-week high of C$60.57. The stock’s 50-day moving average price is C$53.10 and its 200 day moving average price is C$56.30. The company has a quick ratio of 0.30, a current ratio of 0.69 and a debt-to-equity ratio of 149.86.

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

Hydro One Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were paid a $0.3531 dividend. The ex-dividend date was Wednesday, September 9th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 2.5%. Hydro One’s 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.