Desjardins Reiterates “C$61.00” Price Target for Hydro One (TSE:H)

Desjardins set a C$61.00 target price on Hydro One (TSE:H) in a research note published on Tuesday morning,BayStreet reports. The firm currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the company. Barclays dropped their price target on Hydro One from C$63.00 to C$61.00 in a research note on Thursday, August 13th. Royal Bank Of Canada increased their price objective on shares of Hydro One from C$58.00 to C$60.00 and gave the company a “sector perform” rating in a research report on Thursday, August 13th. Finally, Canadian Imperial Bank of Commerce lowered their target price on shares of Hydro One from C$59.00 to C$56.00 in a research note on Tuesday, September 22nd. Two research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$57.58.

Hydro One Stock Up 1.5%

Hydro One stock opened at C$54.74 on Tuesday. The company has a debt-to-equity ratio of 154.61, a current ratio of 0.88 and a quick ratio of 0.30. The stock has a market capitalization of C$32.85 billion, a price-to-earnings ratio of 23.19, a PEG ratio of 3.17 and a beta of 0.30. Hydro One has a 1-year low of C$50.14 and a 1-year high of C$60.57. The business has a fifty day moving average price of C$52.33 and a 200-day moving average price of C$56.09.

Hydro One (TSE:H) last announced its earnings results on Wednesday, August 12th. The company reported C$0.62 earnings per share (EPS) for the quarter. Hydro One had a return on equity of 11.08% and a net margin of 14.87%. The company had revenue of C$1.23 billion for the quarter. Equities research analysts forecast that Hydro One will post 2.06 EPS for the current fiscal year.

Hydro One Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a $0.3531 dividend. This represents a $1.41 annualized dividend and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, September 9th. Hydro One’s dividend payout ratio is presently 57.31%.

Hydro One Company Profile

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.