Hydro One (H.TO) Stock Price

Hydro One Price

TSX·CLOSED
57.63CAD-0.77 (-1.32 %)
Market closed

Over the last 19 years Hydro One grew revenue by 3.7% annually, reaching 9.04 B CAD. Earnings per share have declined at 38.0% per year over the last 16 years. For Hydro One, the net margin of 14.8% is up versus 13.4% a few years ago. At today's price the dividend yield works out to roughly 2.28%. The payout ratio is around 59% of earnings. The dividend has grown at 3.4% per year over the past 9 years. The consensus 12-month price target for Hydro One is 54.06 CAD, about 6.2% below where the stock trades today. Of 19 analysts, 1 rate the stock a buy — an overall Hold consensus. The stock trades about 19% above its 52-week low.

Hydro One stock price

Volume
Ex-Dividend
Details

Stock Price

ⓘ

How to Read This Chart

This chart tracks the historical stock price of Hydro One over time. You can switch between daily, weekly, and monthly views and select custom time ranges — from a single day to the full available history. Use the toggle to view price changes in absolute currency terms or as a percentage change relative to the starting date.

Total Return vs. Price Return

The "Total Return" toggle includes reinvested dividends on top of the pure price movement. This is critical because dividends can account for a significant portion of long-term returns. Historically, roughly 40 % of the S&P 500's total return has come from dividends. Always compare total return when evaluating a stock's real performance against a benchmark.

Intraday Price Data

When viewing a one-day time frame, the chart displays real-time intraday price movements. This is useful for observing how Hydro One stock reacts to market openings, earnings releases, or breaking news throughout the trading session.

What to Look For

Look for long-term trends (sustained upward or downward movements over months and years), support and resistance levels (price zones where the stock repeatedly bounces or reverses), and volatility (how much the price fluctuates day to day). Comparing Hydro One's price chart to a market index like the S&P 500 can reveal whether the stock is outperforming or underperforming the broader market.

Hydro One Stock Price History
DateHydro One Price
8/4/202657.63 CAD
7/31/202658.40 CAD
7/30/202658.26 CAD
7/29/202658.89 CAD
7/27/202660.03 CAD
7/23/202659.61 CAD
7/22/202659.57 CAD
7/21/202659.08 CAD
7/20/202659.58 CAD
7/17/202659.79 CAD
7/16/202658.81 CAD
7/15/202658.59 CAD
7/14/202658.80 CAD
7/13/202658.60 CAD
7/10/202658.57 CAD
7/9/202658.41 CAD
7/8/202658.62 CAD
7/7/202658.38 CAD
7/6/202658.24 CAD
7/3/202658.97 CAD
7/2/202658.71 CAD
6/30/202658.50 CAD
6/29/202658.86 CAD
6/26/202659.23 CAD
6/25/202658.42 CAD
6/24/202657.93 CAD
6/23/202657.63 CAD
6/22/202656.65 CAD
6/19/202656.77 CAD
6/18/202657.00 CAD
6/17/202657.03 CAD
6/16/202657.28 CAD
6/15/202656.54 CAD
6/12/202656.64 CAD
6/11/202656.67 CAD
6/10/202656.33 CAD
6/9/202656.21 CAD
6/8/202656.18 CAD
6/5/202656.85 CAD
6/4/202655.84 CAD
6/3/202655.89 CAD
6/2/202656.03 CAD
6/1/202656.23 CAD
5/29/202657.77 CAD
5/28/202658.57 CAD
5/27/202659.25 CAD
5/26/202659.61 CAD
5/25/202659.32 CAD
5/22/202658.81 CAD
5/21/202658.85 CAD
5/20/202658.91 CAD
5/19/202658.63 CAD
5/15/202657.60 CAD
5/14/202658.51 CAD
5/13/202658.77 CAD
5/12/202659.15 CAD
5/11/202658.73 CAD
5/8/202658.76 CAD
5/7/202658.69 CAD
5/6/202658.52 CAD
5/5/202659.23 CAD
5/4/202658.55 CAD
5/1/202658.41 CAD
4/30/202658.36 CAD
4/29/202657.81 CAD
4/28/202658.43 CAD
4/27/202658.00 CAD
4/24/202658.28 CAD
4/23/202658.11 CAD
4/22/202656.88 CAD
4/21/202657.47 CAD
4/20/202658.31 CAD
4/17/202658.30 CAD
4/16/202658.58 CAD
4/15/202658.27 CAD
4/14/202658.24 CAD
4/13/202658.25 CAD
4/10/202658.94 CAD
4/9/202658.57 CAD
4/8/202658.48 CAD
4/7/202659.27 CAD
4/6/202658.28 CAD
4/2/202658.26 CAD
3/27/202656.50 CAD
3/26/202657.17 CAD
3/25/202657.40 CAD
3/24/202657.09 CAD
3/23/202656.54 CAD
3/20/202656.83 CAD
3/19/202658.96 CAD
3/18/202658.96 CAD
3/17/202659.85 CAD
3/16/202660.17 CAD
3/13/202659.95 CAD
3/12/202659.29 CAD
3/11/202658.67 CAD
3/10/202659.15 CAD
3/9/202659.55 CAD
3/6/202658.96 CAD
3/5/202657.93 CAD
2/26/202657.97 CAD
2/25/202658.00 CAD
2/24/202657.94 CAD
2/23/202657.64 CAD
2/20/202657.14 CAD
2/19/202656.84 CAD
2/18/202656.66 CAD
2/17/202657.53 CAD
2/13/202656.47 CAD
2/12/202655.89 CAD
2/11/202654.90 CAD
2/10/202654.79 CAD
2/9/202654.42 CAD
2/6/202654.55 CAD
2/5/202655.55 CAD
2/4/202654.92 CAD
2/3/202654.44 CAD
2/2/202653.88 CAD
1/30/202653.52 CAD
1/29/202653.75 CAD
1/28/202653.35 CAD
1/27/202653.91 CAD
1/26/202653.55 CAD
1/23/202652.92 CAD
1/22/202653.13 CAD
1/21/202653.00 CAD
1/20/202653.42 CAD
1/19/202653.25 CAD
1/16/202652.73 CAD
1/15/202652.35 CAD
1/14/202652.76 CAD
1/13/202653.01 CAD
1/12/202653.73 CAD
1/9/202653.95 CAD
1/8/202654.23 CAD
1/7/202654.29 CAD
1/6/202654.13 CAD
1/5/202653.72 CAD
1/2/202654.48 CAD
12/31/202554.54 CAD
12/30/202554.27 CAD
12/29/202554.15 CAD
12/24/202553.92 CAD
12/23/202553.99 CAD
12/22/202553.67 CAD
12/19/202553.69 CAD
12/18/202553.62 CAD
12/17/202553.22 CAD
12/16/202552.65 CAD
12/15/202552.92 CAD
12/12/202552.61 CAD
12/11/202552.46 CAD
12/10/202552.08 CAD
12/9/202552.46 CAD
12/8/202552.94 CAD
12/5/202553.05 CAD
12/4/202553.49 CAD
12/3/202553.82 CAD
12/2/202554.37 CAD
12/1/202554.64 CAD
11/28/202554.74 CAD
11/27/202554.78 CAD
11/26/202554.88 CAD
11/25/202555.31 CAD
11/24/202554.80 CAD
11/21/202554.70 CAD
11/20/202554.13 CAD
11/19/202553.67 CAD
11/18/202553.80 CAD
11/17/202554.15 CAD
11/14/202553.91 CAD
11/13/202553.33 CAD
11/12/202552.68 CAD
11/11/202552.16 CAD
11/10/202551.62 CAD
11/7/202551.81 CAD
11/6/202552.10 CAD
11/5/202551.76 CAD
11/4/202551.66 CAD
11/3/202551.26 CAD
10/31/202551.76 CAD
10/30/202551.64 CAD
10/29/202551.34 CAD
10/28/202552.01 CAD
10/27/202552.48 CAD
10/24/202552.56 CAD
10/23/202552.91 CAD
10/22/202553.23 CAD
10/21/202552.74 CAD
10/20/202552.46 CAD
10/17/202552.33 CAD
10/16/202551.73 CAD
10/15/202551.88 CAD
10/14/202550.96 CAD
10/10/202550.65 CAD
10/9/202549.98 CAD
10/8/202549.25 CAD
10/7/202549.48 CAD
10/6/202549.55 CAD
10/3/202549.70 CAD
10/2/202549.58 CAD
10/1/202549.38 CAD
9/30/202549.63 CAD
9/28/202549.16 CAD
9/25/202549.03 CAD
9/24/202549.26 CAD
9/23/202549.11 CAD
9/22/202548.91 CAD
9/19/202548.88 CAD
9/18/202548.26 CAD
9/17/202548.49 CAD
9/16/202548.46 CAD
9/15/202548.75 CAD
9/12/202549.26 CAD
9/11/202548.95 CAD
9/10/202548.97 CAD
9/9/202549.59 CAD
9/8/202549.48 CAD
9/5/202549.99 CAD
9/4/202549.88 CAD
9/3/202549.93 CAD
9/2/202549.64 CAD
8/29/202550.01 CAD
8/28/202549.94 CAD
8/27/202550.47 CAD
8/26/202550.36 CAD
8/25/202550.57 CAD
8/22/202550.60 CAD
8/21/202550.99 CAD
8/20/202550.93 CAD
8/19/202550.59 CAD
8/18/202550.68 CAD
8/15/202550.78 CAD
8/14/202550.75 CAD
8/13/202550.72 CAD
8/12/202550.39 CAD
8/11/202550.76 CAD
8/8/202550.80 CAD
8/7/202550.54 CAD
8/6/202549.88 CAD
Access this data via the Eulerpool API
Get Free API Key

Hydro One Revenue, EBIT, Net Income

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue
EBIT
Net Income
Details
Date
Revenue
EBIT
Net Income
Jan 1, 2023
7.84 B CAD
1.84 B CAD
1.09 B CAD
Jan 1, 2024
8.48 B CAD
1.97 B CAD
1.16 B CAD
Jan 1, 2025
9.04 B CAD
2.24 B CAD
1.34 B CAD
Jan 1, 2026 (e)
9.37 B CAD
2.21 B CAD
1.38 B CAD
Jan 1, 2027 (e)
9.66 B CAD
2.28 B CAD
1.42 B CAD
Jan 1, 2028 (e)
9.84 B CAD
2.32 B CAD
1.48 B CAD
Jan 1, 2029 (e)
10.36 B CAD
2.44 B CAD
1.60 B CAD
Jan 1, 2030 (e)
10.97 B CAD
2.59 B CAD
1.82 B CAD

Hydro One Income Statement, Balance Sheet, Cash Flow Statement

Last updated Aug 5, 2026, 9:25 PM
 
REVENUEB CAD
REVENUE GROWTH%
GROSS MARGIN%
GROSS INCOMEB CAD
EBITB CAD
EBIT MARGIN%
NET INCOMEB CAD
NET INCOME GROWTH%
DIV.CAD
DIV. GROWTH%
SHARESM
201520162017201820192020202120222023202420252026e2027e2028e2029e2030e
6.546.555.996.156.487.297.237.787.848.489.049.379.669.8410.3610.97
-0.150.21-8.582.675.3712.50-0.897.680.828.166.573.673.071.865.235.94
18.2619.5120.5722.3920.2220.3322.3123.5523.4823.1824.7524.7524.7524.7524.7524.75
1.191.281.231.381.311.481.611.831.841.972.242.322.392.442.562.72
1.191.281.231.381.311.481.611.831.841.972.242.212.282.322.442.59
18.2619.5120.5722.3920.2220.3322.3123.5523.4823.1824.7523.6023.6023.6123.6023.61
0.700.740.680.800.801.790.971.051.091.161.341.381.421.481.601.82
-6.145.26-8.6517.75–124.62-46.038.813.336.5415.832.763.273.878.0613.92
–0.970.870.910.951.001.051.111.171.241.311.331.411.48––
––-10.314.604.405.265.005.715.415.985.651.536.024.96––
596.13597.24597.71598.32599.65600.16600.50598.71599.08599.44599.78599.78599.78599.78599.78599.78
Details

Income Statement Key Figures

ⓘ

Revenue and Revenue Growth

Revenue is the starting point of every income statement — it measures the total sales Hydro One generates from its core business. Revenue growth (expressed as year-over-year percentage change) is one of the most important indicators of business momentum. Sustained growth above 10 % annually is generally considered strong, while declining revenue is a serious warning sign that demands investigation.

Gross Margin

Gross margin = (Revenue − Cost of Goods Sold) ÷ Revenue. It reveals what percentage of each dollar of revenue Hydro One retains after direct production costs. High gross margins (above 50 %) are typical of asset-light businesses like software and brands, while capital-intensive industries like manufacturing often operate below 30 %. Compare Hydro One's gross margin to industry peers and track it over time to spot improving or deteriorating pricing power.

EBIT and EBIT Margin

EBIT measures operating profit — what remains after subtracting all operating expenses (including R&D, sales, and administrative costs) from gross profit. The EBIT margin shows this as a percentage of revenue. Because it excludes interest and taxes, EBIT allows fair comparisons between companies with different debt levels and tax jurisdictions. A rising EBIT margin indicates improving operational efficiency.

Net Income and Earnings Per Share (EPS)

Net income is the company's final profit after all expenses, interest, and taxes. Dividing net income by the number of shares outstanding gives you EPS — the single most influential metric in stock valuation. Consistent EPS growth is the primary driver of long-term stock price appreciation. Always check whether EPS growth comes from genuine profit improvement or from share buybacks reducing the share count.

Shares Outstanding

The total number of shares Hydro One has issued. A declining share count (through buybacks) boosts EPS and signals management confidence. A rising share count (through stock issuance) dilutes existing shareholders. Always monitor this number alongside EPS to get the full picture of per-share value creation.

Analyst Estimates

The projected figures represent consensus estimates from professional analysts. Compare these forecasts against Hydro One's historical growth rates to assess whether expectations are realistic. A company that consistently beats consensus estimates tends to see its stock price rewarded over time, while repeated misses erode investor confidence.

Hydro One stock margins

The Hydro One margin analysis displays the gross margin, EBIT margin, as well as the profit margin of Hydro One. The EBIT margin (EBIT/sales) indicates the percentage of sales that remains as operating profit. The profit margin shows the percentage of sales that remains for Hydro One.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Gross margin
EBIT margin
Profit margin
Details
Date
Gross margin
EBIT margin
Profit margin
Jan 1, 2021
22.31 %
22.31 %
13.36 %
Jan 1, 2022
23.55 %
23.55 %
13.50 %
Jan 1, 2023
23.48 %
23.48 %
13.83 %
Jan 1, 2024
23.18 %
23.18 %
13.63 %
Jan 1, 2025
24.75 %
24.75 %
14.81 %
Jan 1, 2026 (e)
24.75 %
23.61 %
14.68 %
Jan 1, 2027 (e)
24.75 %
23.61 %
14.72 %
Jan 1, 2028 (e)
24.75 %
23.61 %
15.01 %

Hydro One Stock Revenue, EBIT, Earnings per Share

The Hydro One earnings per share therefore indicates how much revenue Hydro One has generated per share in a given period. The earnings before interest and taxes per share shows how much of the operating profit corresponds to each share. The earnings per share indicates how much of the profit belongs to each share.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Revenue per Share
EBIT per share
Earnings per Share
Details
Date
Revenue per Share
EBIT per share
Earnings per Share
Jan 1, 2021
12.03 CAD
2.68 CAD
1.61 CAD
Jan 1, 2022
12.99 CAD
3.06 CAD
1.75 CAD
Jan 1, 2023
13.09 CAD
3.07 CAD
1.81 CAD
Jan 1, 2024
14.15 CAD
3.28 CAD
1.93 CAD
Jan 1, 2025
15.07 CAD
3.73 CAD
2.23 CAD
Jan 1, 2026 (e)
15.63 CAD
3.69 CAD
2.29 CAD
Jan 1, 2027 (e)
16.11 CAD
3.80 CAD
2.37 CAD
Jan 1, 2028 (e)
16.41 CAD
3.87 CAD
2.46 CAD

Hydro One business model & stock analysis

Hydro One Ltd. is a leading Canadian energy utility company that operates and manages electricity transmission and distribution networks, as well as power generation facilities in Ontario, Canada. The company was founded in 1906 as the Hydro-Electric Power Commission of Ontario and later renamed to Hydro One. With the acquisition of Ontario Hydro in 1999, Hydro One became the largest energy utility company in Ontario. Since then, Hydro One has steadily expanded its business to meet growing demand. The company is headquartered in Toronto, Canada, and employs over 8,500 employees. Hydro One's business model includes the operation of four business segments: Transmission, Distribution, Customer Care, and Other Operations. Transmission focuses on operating the high-voltage transmission system that enables effective electricity transmission throughout Ontario. The transmission system consists of over 30,000 km of power lines, 900 substations and switchyards, and 50,000 km of high-voltage cables. Distribution focuses on operating the distribution network that delivers electricity from the transmission lines to households and businesses in Ontario. The distribution network consists of over 123,000 km of power lines and 1,400 switchyards. Customer Care focuses on increasing customer satisfaction and loyalty by providing effective customer support and assistance. The customer care segment offers various services such as billing, troubleshooting, energy efficiency programs, and consultation. Other Operations include other business segments such as Hydro One's energy market facilities, including the Ontario Power Authority, the Independent Electricity System Operator, and the Ontario Energy Board. The company also operates renewable energy facilities such as hydroelectric power plants. Hydro One offers a variety of products and services, including electricity, smart grid technology, energy efficiency programs, and renewable energy sources. The company is committed to ensuring the safe and reliable supply of energy to customers while promoting environmental protection. Hydro One also plans to expand its network by constructing new transmission and distribution lines. The company also plans to incorporate renewable energy sources such as wind, solar, and hydro power. Overall, Hydro One is a significant player in the Canadian energy utility industry. The company has established itself as a leading provider of energy infrastructure and operates one of the largest power supply networks in the world. Hydro One is committed to maintaining its dedication to safety, reliability, and innovation in energy supply while promoting the transition to renewable energy sources. Translate this as near as possible to French.

Hydro One SWOT Analysis

Strengths

Hydro One Ltd has a strong position in the electricity transmission and distribution industry in Ontario, Canada. With a wide network of power lines and infrastructure, the company has a strong operational base.

The company has a diverse and reliable customer base, including residential, commercial, and industrial consumers. This provides revenue stability and growth opportunities.

Hydro One has a history of stable financial performance, with consistent revenue and profitability. This allows for investment in infrastructure improvements and innovation.

Weaknesses

Hydro One's business operations are heavily regulated by government authorities, which can limit flexibility and create potential delays in decision-making processes.

The company relies heavily on the provincial economy of Ontario, leaving it susceptible to economic downturns and changes in government policies.

As a utility company, Hydro One is exposed to risks associated with natural disasters and climate change, which could impact its infrastructure and disrupt operations.

Opportunities

The increasing demand for electricity due to population growth and technological advancements presents growth opportunities for Hydro One. Expansion into renewable energy sources and smart grid technologies can further enhance its market position.

The government's focus on reducing carbon emissions and promoting clean energy provides investment opportunities for the company in renewable energy projects and infrastructure development.

Hydro One can explore strategic partnerships and acquisitions to expand its geographical presence and diversify its operations beyond Ontario.

Threats

Competition in the electricity industry is intense, with the presence of other utilities and potential new entrants. This can put pressure on pricing and market share.

Changes in government regulations and policies can impact Hydro One's operations and profitability. Political uncertainties and shifts in energy policies pose threats to the company's long-term goals.

The volatility of energy prices in the market and fluctuations in supply and demand can impact the financial performance of the company.

Hydro One Eulerpool Fair Value

Details

Fair Value Estimate

ⓘ

What Is Fair Value?

Fair value is an estimate of what a stock is truly "worth" based on its financial fundamentals, independent of the current market price. If the calculated fair value is above the current share price, the stock may be undervalued — and vice versa. This chart shows three different fair value approaches so you can cross-check them against each other.

Earnings-Based Fair Value

Calculated by multiplying the current earnings per share (EPS) by the average historical P/E ratio over a selected multi-year period. The smoothing over several years filters out temporary spikes or dips. If this fair value exceeds the market price, it suggests the stock is cheap relative to its earning power.

Example: Fair Value (Earnings) 2022 = EPS 2022 × Average P/E 2019–2021

Revenue-Based Fair Value

Derived by multiplying revenue per share by the average historical price-to-sales ratio. This method is particularly useful for companies with volatile or temporarily depressed earnings, as revenue tends to be more stable than profits. It answers: "At what price has the market historically valued each dollar of this company's sales?"

Example: Fair Value (Revenue) 2022 = Revenue per Share 2022 × Average P/S 2019–2021

Dividend-Based Fair Value

Calculated by dividing the dividend per share by the average historical dividend yield. This approach is most relevant for mature, consistently dividend-paying companies. If the resulting fair value is higher than the current price, it implies the stock offers a better yield than its historical average.

Example: Fair Value (Dividend) 2022 = Dividend per Share 2022 ÷ Average Yield 2019–2021

How to Use This Chart

When all three fair value lines converge above the current price, it strengthens the case that the stock is undervalued. When they diverge, investigate why — it may indicate a structural shift in margins, payout policy, or growth rate. The forward estimates on the right extend the analysis using projected fundamentals, helping you assess whether the current price already reflects future growth expectations.

Hydro One historical P/E ratio, EBIT multiple, and P/S ratio

Hydro One annual returns

Details

Annual Return

ⓘ

What This Chart Shows

This chart breaks down 's total annual return into two components: price return (gains or losses from stock price movement) and dividend return (income received from dividend payments). Together, they represent the total return an investor would have earned in each calendar year.

Price Return

Price return measures the percentage change in 's stock price from January 1st to December 31st of each year. Positive bars indicate the stock appreciated; negative bars show a decline. This is the component most investors focus on, but it tells only part of the story — especially for dividend-paying stocks.

Dividend Return

Dividend return represents the income generated from dividends paid during the year, expressed as a percentage of the starting stock price. While it may seem small in any single year (typically 1–4 % for established companies), dividends compound significantly over decades and have historically contributed roughly 40 % of total stock market returns.

What to Look For

Examine how many years showed positive vs. negative returns to gauge consistency. A stock with mostly positive years and small drawdowns suggests lower risk. Also compare 's annual returns to a benchmark index — consistently outperforming the market is a hallmark of a strong investment. Pay attention to the worst years: understanding downside risk is just as important as chasing upside potential.

Hydro One shares outstanding

The number of shares of Hydro One was 599.78 M in 2025. This indicates how many shares Hydro One is divided into. Since shareholders are the owners of a company, each share represents a small portion of the company's ownership.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Number of stocks
Details
Date
Number of stocks
Jan 1, 2021
600.50 M Stocks
Jan 1, 2022
598.71 M Stocks
Jan 1, 2023
599.08 M Stocks
Jan 1, 2024
599.44 M Stocks
Jan 1, 2025
599.78 M Stocks
Jan 1, 2026 (e)
599.78 M Stocks
Jan 1, 2027 (e)
599.78 M Stocks
Jan 1, 2028 (e)
599.78 M Stocks

Hydro One Dividend History

11 years of dividend payments · 8 consecutive increases

YearAnnual DividendYoY ChangePayments
20260.33CADYTD—1×
Mar 11, 20260.33CAD 0.0%1/1
20251.31CAD↑ 6.0%4×
Mar 12, 20250.31CAD 0.0%1/4
Jun 11, 20250.33CAD↑ 6.0%2/4
Sep 10, 20250.33CAD 0.0%3/4
Dec 10, 20250.33CAD 0.0%4/4
20241.24CAD↑ 6.0%4×
20231.17CAD↑ 5.8%4×
20221.11CAD↑ 5.0%4×
20211.05CAD↑ 5.0%4×
20201.00CAD↑ 5.0%4×
20190.95CAD↑ 4.9%4×
20180.91CAD↑ 4.6%4×
20170.87CAD↓ 10.3%4×

Hydro One dividend history and estimates

In 2025, Hydro One paid a dividend amounting to 1.31 CAD. Dividend means that Hydro One distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2021
1.05 CAD
0.00 CAD
Jan 1, 2022
1.11 CAD
0.00 CAD
Jan 1, 2023
1.17 CAD
0.00 CAD
Jan 1, 2024
1.24 CAD
0.00 CAD
Jan 1, 2025
1.31 CAD
0.00 CAD
Jan 1, 2026 (e)
0.33 CAD
1.00 CAD
Jan 1, 2027 (e)
0.00 CAD
1.41 CAD
Jan 1, 2028 (e)
0.00 CAD
1.48 CAD

Hydro One dividend payout ratio

In 2025, Hydro One had a payout ratio of 58.84%. The payout ratio indicates the percentage of the company's profits that Hydro One distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2021
65.50 %
Jan 1, 2022
63.01 %
Jan 1, 2023
64.53 %
Jan 1, 2024
64.25 %
Jan 1, 2025
58.84 %
Jan 1, 2026 (e)
58.08 %
Jan 1, 2027 (e)
59.32 %
Jan 1, 2028 (e)
60.29 %

Current Hydro One forecasts and price targets in August 2026

Analyst Price Targets 2026
Δ MOM Price Target
0.00 %
Buy
5.26 % (1)
Hold
68.42 % (13)
Sell
26.32 % (5)
12M Price Target
54.06
Last Price
57.63
Currency
CAD
12M Return Potential
-6.20 %
LTM Return
0 %

Hydro One Earnings Calls

2025

Hydro One Earnings Estimates & Surprises

DateEPS estimateEPS ActualRevenue EstimatePrice reactionQuarterly report
5/3/20240.53CAD--CAD-2024 Q1
2/12/20240.31CAD-1.93 BCAD-2023 Q4
8/7/20230.42CAD-2.28 BCAD-2023 Q2
5/3/20230.50CAD-2.46 BCAD-2023 Q1
2/23/20230.26CAD-1.75 BCAD-2022 Q4
11/11/20220.50CAD-2.40 BCAD-2022 Q3
8/9/20220.42CAD-2.14 BCAD-2022 Q2
5/5/20220.49CAD-2.11 BCAD-2022 Q1
2/25/20220.28CAD-1.79 BCAD-2021 Q4
11/9/20210.46CAD-2.16 BCAD-2021 Q3

EESG©

Eulerpool ESG Scorecard© for the Hydro One stock

73/100
73
Environment
99
Social
48
Governance
E

Environment

20
Scope 1 - Direct Emissions129,994
Scope 2 - Indirect emissions from purchased energy209,292
Scope 3 - Indirect emissions within the value chain—
Total CO₂ emissions339,286
CO₂ reduction strategy
Coal energy
Nuclear power
Animal experiments
Fur & Leather—
Pesticides—
Palm Oil—
Tobacco
Genetically modified organisms
Climate concept—
Sustainable forestry—
Recycling regulations
Environmentally friendly packaging
Hazardous substances
Fuel consumption and efficiency
Water consumption and efficiency
S

Social

20
Percentage of female employees25.8
Percentage of women in management—
Percentage of Asian employees—
Share of Asian management—
Percentage of Hispanic/Latino employees—
Hispano/Latino Management share—
Percentage of Black employees—
Black Management Share—
Percentage of white employees—
White Management Share—
Adult content
Alcohol
Weapons—
Firearms
Gambling
Military contracts
Human rights concept
Privacy concept—
Occupational health and safety
Catholic
G

Governance (Corporate Governance)

4
Environmental reporting
Stakeholder Engagement
Call Back Policies
Antitrust law

The Eulerpool ESG Scorecard© is the strictly copyrighted intellectual property of Eulerpool Research Systems. Any unauthorized use, imitation, or infringement will be actively pursued and may lead to significant legal consequences. For licenses, collaborations, or usage rights, please contact us directly via our contact form. Contact Form to us.

Hydro One shareholder structure

% Name
47.08604%
Ministry of Energy of Canada
Ministry of Energy of Canada
2.11216%
TD Asset Management Inc.
TD Asset Management Inc.
1.87498%
The Vanguard Group, Inc.
The Vanguard Group, Inc.
1.51957%
BMO Asset Management Inc.
BMO Asset Management Inc.
1.44135%
Nordea Funds Oy
Nordea Funds Oy
1.14629%
1832 Asset Management L.P.
1832 Asset Management L.P.
...

Hydro One Beneficial Ownership Filings (SEC 13D/G)

Free Float
52.9%
Float Shares
-
Shares Outstanding
-

Hydro One Executives and Management Board

15 members · avg. age 60 · 53 % women

MT

Ms. Megan Telford (49)

Executive Vice President - Strategy, Energy Transition and Human Resources

1.57 M CAD

Management

HT

Mr. Harry Taylor (64)

Interim President, Interim Chief Executive Officer, Executive Vice President - Chief Financial and Regulatory Officer

1.22 M CAD
RM

Ms. Renee Mckenzie (50)

Executive Vice President - Digital and Technology Solutions

1.08 M CAD
TF

Ms. Teri French (56)

Executive Vice President - Safety, Operations and Customer Experience

958,582.00 CAD
GW

Ms. Gillian Whitebread

Executive Vice President, Head of Human Resources

–
RD

Mr. Ryan Docherty (48)

Vice President - Engineering and Construction Services

–

Board of Directors

MS

Ms. Melissa Sonberg (64)

Independent Chairman of the Board · since 2018

112,152.00 CAD
DH

Mr. David Hay (69)

Independent Director

112,152.00 CAD
SJ

Ms. Susan Jenah (69)

Independent Director · since 2020

112,152.00 CAD
SM

Ms. Stacey Mowbray (63)

Independent Director

112,152.00 CAD
HR

Ms. Helga Reidel (64)

Director

98,292.00 CAD
BV

Mr. Brian Vaasjo (69)

Director

98,292.00 CAD

Frequently asked questions about Hydro One

The business model of Hydro One Ltd revolves around the transmission and distribution of electricity. As a leading electricity transmission and distribution utility in Ontario, Canada, Hydro One operates a vast network of transmission lines and distribution systems to deliver electricity to customers across the province. With a primary focus on reliability and customer satisfaction, Hydro One ensures the efficient and safe transmission of electricity from power generators to residential, commercial, and industrial customers. By maintaining and enhancing the electricity infrastructure, Hydro One plays a crucial role in powering Ontario's economy and supporting the daily energy needs of its customers.

Hydro One Ltd is primarily active in the energy industry.

The main competitors of Hydro One Ltd in the market include Ontario Power Generation Inc., Enbridge Inc., Fortis Inc., and Emera Inc.

Hydro One Ltd is a renowned Canadian electric utility company. It was established in 1999 and has since become one of the largest power transmission and distribution companies in North America. With a rich history spanning over a century, Hydro One has been providing reliable and efficient electricity services to customers across Ontario. The company plays a crucial role in powering communities, businesses, and industries. Hydro One has consistently focused on modernizing and upgrading its infrastructure to meet the growing energy demands of the region. This commitment to innovation and delivering sustainable energy solutions has earned Hydro One a strong reputation in the industry.

Hydro One Ltd, a leading utilities company, has achieved several significant milestones. The company successfully completed its initial public offering (IPO) in 2015, resulting in a transformation from a government-owned entity to a publicly traded company. Additionally, Hydro One Ltd has made notable advancements in renewable energy. It has expanded its portfolio of solar and wind power projects, contributing to a cleaner and more sustainable future. Furthermore, the company has demonstrated its commitment to customer service and reliability, consistently delivering safe and reliable electricity to millions of customers across Ontario. Overall, Hydro One Ltd has achieved remarkable progress in its journey towards growth, sustainability, and customer satisfaction.

Hydro One Ltd is primarily present in the Canadian market. As a leading electricity transmission and distribution company, Hydro One serves customers across Ontario, Canada's most populous province. With its extensive network of transmission lines and distribution infrastructure, the company ensures reliable power supply to residential, commercial, and industrial customers. Hydro One's focus on the Ontario market allows it to play a crucial role in powering this region's homes, businesses, and industries.

Hydro One Ltd represents strong values and a solid corporate philosophy. With a commitment to sustainability and reliability, the company focuses on delivering safe and environmentally responsible electricity to customers. Hydro One Ltd strives to foster a culture of integrity, diversity, and inclusion, ensuring the well-being of its employees and the communities it serves. By prioritizing customer satisfaction and continuous improvement, the company upholds a reputation for delivering high-quality services. Hydro One Ltd also emphasizes innovation, technology, and efficient operations to meet the evolving needs of the energy industry and create long-term value for its shareholders.

Analysts currently set an average price target of 53.67 CAD for the Hydro One stock (median: 54.06 CAD), implying -6.9 % versus the latest price. The consensus is based on 19 analyst ratings.

Hydro One Analyst Price Targets 2026

19 analysts currently rate the Hydro One stock: 1 recommend buying, 13 holding and 5 selling. For 2026, analysts expect Hydro One to generate revenue of 9.37 B CAD and earnings per share of 2.29 CAD.

Hydro One Analyst Price Targets 2026

Converted at the current exchange rate, the Hydro One share trades at 35.56 EUR (57.63 CAD).

The Hydro One share (H.TO) is listed on 5 stock exchanges, including: Frankfurt (8H1.F), München (8H1.MU), Toronto (H.TO).

Hydro One Ltd is a Canadian power supply company that was privatized in 2015. The company operates in the province of Ontario and has an operating area of approximately 1.3 million square kilometers. It operates a total of around 30,000 kilometers of high-voltage lines and over 123,000 kilometers of distribution lines. Hydro One divides its business into three main areas: Distribution, Transmission, and Electricity Generation. The Distribution unit is responsible for providing electricity to customers, while the Transmission department operates high-voltage lines and distributes electricity to various energy providers in the network. Hydro One also produces electricity itself. The company has several hydroelectric power plants as well as some thermal power plants that run on different fuels. The generation unit has an installed capacity of over 7,000 megawatts (MW). The company also operates a network of around 1,000 kilometers of transmission lines, covering most of Ontario. This network is the backbone of the power supply system and is used to distribute electricity from power plants to distribution networks. Hydro One offers its customers a wide range of products and services, including power transmission and distribution, as well as energy management. The company is committed to promoting the use of clean energy and therefore also offers various energy-saving programs, including the installation of energy-efficient bulbs and devices. The company also has a comprehensive customer care program to ensure that all customers are satisfied with their power supply. Customers have the option to contact customer support through various channels such as phone, email, and online chat. Hydro One is interested in combating climate change and reducing greenhouse gas emissions. For this reason, the company has initiated several initiatives aimed at promoting clean and renewable energy. In addition, Hydro One has also launched programs to reduce carbon emissions, such as the conversion of vehicles to electric and hybrid models. In summary, Hydro One is a leading power supplier in Ontario that aims to produce and promote clean and renewable energy. Through its various business areas, Hydro One can provide its customers with a stable and reliable power supply while also contributing to the fight against climate change.

The expected revenue of Hydro One is 9.37 B CAD. This figure is based on current financial data and reflects the company's business performance.

The expected profit of Hydro One is 1.38 B CAD. The net profit reflects the company's profitability after deducting all expenses.

The price-to-earnings ratio (P/E) of Hydro One is currently 25.12. The P/E ratio compares the current share price to the earnings per share and helps investors assess the valuation of the Hydro One stock.

The price-to-sales ratio (P/S) of Hydro One is currently 3.69. The P/S ratio compares the market capitalization to the annual revenue and serves as a valuation metric for the Hydro One stock.

The Eulerpool Quality Score for Hydro One is 5/10.

The ISIN of Hydro One is CA4488112083. The ISIN (International Securities Identification Number) is a globally unique identifier for securities.

The WKN of Hydro One is A143AD. The WKN (Wertpapierkennnummer) is a six-digit German security identification number.

The ticker of Hydro One is H.TO. The ticker symbol is used to trade Hydro One shares on the stock exchange.

Over the past 12 months, Hydro One paid a dividend of 1.31 CAD . This corresponds to a dividend yield of about 2.28 %. For the coming 12 months, Hydro One is expected to pay a dividend of 1.41 CAD.

The current dividend yield of Hydro One is 2.28 %.

Hydro One pays a dividend, distributed in the months of , , , .

Hydro One paid dividends every year for the past 10 years.

For the upcoming 12 months, dividends amounting to 1.41 CAD are expected. This corresponds to a dividend yield of 2.41 %.

Hydro One is assigned to the 'Utilities' sector.

To receive the latest dividend of Hydro One from amounting to 0.33 CAD, you needed to have the stock in your portfolio before the ex-date on .

The last dividend was paid out on .

In the year 2025, Hydro One distributed 1.24 CAD as dividends.

The dividends of Hydro One are distributed in CAD.

All fundamentals and in-depth analysis of Hydro One

Our stock analysis for Hydro One stock includes important financial indicators such as revenue, profit, P/E ratio, P/S ratio, EBIT, as well as information on dividends. We also assess aspects such as stocks, market capitalization, debt, equity, and liabilities of Hydro One. If you are looking for more detailed information on these topics, we offer comprehensive analyses on our subpages.

Hydro One Stock
Hydro One Revenue→
Hydro One Stock
Hydro One Net Income→
Hydro One Stock
Hydro One P/E→
Hydro One Stock
Hydro One P/S→
Hydro One Stock
Hydro One EBIT→
Hydro One Stock
Hydro One Dividend→
Hydro One Stock
Hydro One Directors Dealings→
Hydro One Stock
Hydro One Stocks→
Hydro One Stock
Hydro One Market capitalization→
Hydro One Stock
Hydro One Debt→
Hydro One Stock
Hydro One Liabilities→
Hydro One Stock
Hydro One Equity→
Hydro One Stock
Hydro One AAQS→
Hydro One Stock
Hydro One Employees→
Hydro One Stock
Hydro One ROE→
Hydro One Stock
Hydro One ROA→
Hydro One Stock
Hydro One ROCE→
Hydro One Stock
Hydro One News→
Hydro One Stock
Hydro One Analyst Price Targets→

Utilities Stocks

Hydro Power JSC-Power No 3Hydro ExploitationsHydrogene De FranceHuzhou Gas CoHyfluxHunan Energy Group Development CoIberdrolaHunan Chendian International Development CoIdacorpHubei Energy Group CoIdico Urban and House Development Investment Joint-StockHuaneng Power InternationalAll Stocks A–Z →