National Bank Financial Predicts Hydro One Q4 Earnings

Hydro One Limited (TSE:H) – Research analysts at National Bank Financial issued their Q4 2024 earnings estimates for Hydro One in a note issued to investors on Tuesday, January 28th. National Bank Financial analyst P. Kenny forecasts 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.

H has been the subject of several other research reports. CIBC raised their target price on shares of Hydro One from C$45.00 to C$46.00 and gave the stock a “neutral” rating in a report on Wednesday, January 8th. Royal Bank of Canada lifted their price objective on Hydro One from C$41.00 to C$43.00 and gave the company a “sector perform” rating in a research note on Thursday, October 3rd. Eight research analysts have rated the stock with a hold rating, According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of C$43.25.

Hydro One Stock Performance

Shares of H stock opened at C$44.99 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 has a fifty day moving average of C$44.62 and a 200 day moving average of C$44.44. The firm has a market capitalization of C$26.97 billion, a price-to-earnings ratio of 24.06, a price-to-earnings-growth ratio of 3.17 and a beta of 0.34. Hydro One has a 1 year low of C$37.27 and a 1 year high of C$48.05.

Hydro One (TSE:H) last released its earnings results on Thursday, November 7th. The company reported C$0.62 EPS for the quarter, topping analysts’ consensus estimates 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 period in the previous year, the firm posted $0.59 earnings per share.

Hydro One Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.314 per share. The ex-dividend date of this dividend was Wednesday, December 11th. This represents a $1.26 dividend on an annualized basis and a dividend yield of 2.79%. Hydro One’s dividend payout ratio is currently 67.38%.

Insider Activity at Hydro One

In related news, Director Stacey Mowbray purchased 700 shares of Hydro One stock in a transaction dated Monday, December 23rd. The shares were acquired 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 of the company’s stock, valued at approximately C$30,818.20. The trade was a ∞ increase in their ownership of the stock. 47.12% of the stock is currently owned by insiders.

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.