Hydro One (TSE:H) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Hydro One (TSE:H) had its target price increased by analysts at BMO Capital Markets from C$55.00 to C$58.00 in a research note issued to investors on Thursday,BayStreet.CA reports. The brokerage currently has a “market perform” rating on the stock. BMO Capital Markets’ price target indicates a potential upside of 0.69% from the stock’s current price.

A number of other equities research analysts have also recently commented on H. TD Securities increased 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. Jefferies Financial Group lowered their target price on Hydro One from C$52.00 to C$50.00 in a report on Wednesday, January 28th. Scotia increased 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. Barclays lowered their target price on Hydro One from C$66.00 to C$63.00 in a report on Friday, April 10th. Finally, Raymond James Financial increased 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. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of C$56.64.

Hydro One Stock Performance

TSE H opened at C$57.60 on Thursday. The business has a 50 day moving average price of C$58.37 and a 200 day moving average price of C$55.61. The company has a market capitalization of C$34.57 billion, a P/E ratio of 25.83, a PEG ratio of 3.17 and a beta of 0.38. The company has a debt-to-equity ratio of 149.17, a current ratio of 0.54 and a quick ratio of 0.30. Hydro One has a 1-year low of C$47.54 and a 1-year high of C$60.46.

Hydro One (TSE:H) last announced its earnings results on Wednesday, May 13th. The company reported C$0.65 EPS for the quarter. The firm had revenue of C$1.22 billion for the quarter. Hydro One had a return on equity of 10.87% and a net margin of 14.78%. Sell-side analysts expect that Hydro One will post 2.0572195 EPS for the current fiscal 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.