Hydro One is the largest electricity transmission and distribution company headquartered in Ontario. It is one of the leading electrical utilities in North America with a century-old experience in the power industry.
Hydro One also provides broadband telecommunications services through its extensive fiber optic network. The company serves close to 1.4 residential and business customers. Hydro One covers approximately 75% of Ontario’s geographic area and has enough distribution lines to wrap the Earth thrice.
Hydro One owns and operates substantially all of Ontario’s electricity transmission network and approximately 123,000 circuit kilometers of primary low-voltage distribution network. The company operates through transmission (52% of revenues), distribution (47%) and telecom and other (1%) segments.
The company has a stable source of growing cash flows as about 99% of its revenues are derived from regulated businesses. Hydro One enjoys a significant scale and leadership position in the rate regulated environment. The company’s combined transmission and distribution rate base stood at $19.7 billion in 2018.
Stock Chart & Metrics
- Ticker: tse:h
- Sector: Utilities
- Industry: Utilities - Regulated Electric
- Market Cap: 23.27B
- Market Cap Group: Large Cap
- P/E: 22.83
- Dividend Yield: 3.05%
- Grade: C
- Dividend Aristocrat: YES
- Chowder Score: Members Only
- Revenue Growth: Members Only
- Dividend Growth: Members Only
- Dividend Growth Fit: 2/10
- Dividend Income Fit: 5/10
Competitors
The competitive landscape is important as they compete for the same business. Below is the list of competitors in the same industry. While not displayed, a number of metrics you can also use to evaluate your picks are the Chowder Score, the Relative Strength Index (RSI), the Graham Number, and the Piotroski F-Score.
| Ticker | Ticker | Company | Market Cap | P/E | Yield | Aristocrat | Graph | SectorID | IndustryID |
|---|---|---|---|---|---|---|---|---|---|
| NEE | NYSE:NEE | NextEra Energy, Inc. | 149.43 | 24.53 | 2.53 | NO | 1 | 12 | 106 |
| SO | NYSE:SO | Southern Company | 75.73 | 20.25 | 4.03 | NO | 1 | 12 | 106 |
| DUK | NYSE:DUK | Duke Energy Corporation | 69.11 | 17.15 | 4.48 | NO | 1 | 12 | 106 |
| AEP | NYSE:AEP | American Electric Power Co. | 42.96 | 16.76 | 3.98 | NO | 1 | 12 | 106 |
| XEL | NASDAQ:XEL | Xcel Energy Inc. | 34.75 | 19.55 | 3.29 | NO | 1 | 12 | 106 |
| ED | NYSE:ED | Consolidated Edison Inc | 31.80 | 18.69 | 3.53 | YES | 1 | 12 | 106 |
| FTS | TSE:FTS | Fortis | 27.92 | 19.57 | 3.92 | YES | 1 | 12 | 106 |
| WEC | NYSE:WEC | WEC Energy Group, Inc. | 27.47 | 20.35 | 3.58 | NO | 1 | 12 | 106 |
| EIX | NYSE:EIX | Edison International | 25.54 | 14.31 | 4.42 | NO | 1 | 12 | 106 |
| ES | NYSE:ES | Eversource Energy | 24.42 | 16.67 | 3.86 | NO | 1 | 12 | 106 |
| H | TSE:H | Hydro One | 23.27 | 22.83 | 3.05 | YES | 1 | 12 | 106 |
| PPL | NYSE:PPL | PPL Corporation | 19.55 | 18.04 | 3.62 | NO | 1 | 12 | 106 |
| EMA | TSE:EMA | Emera | 15.36 | 13.40 | 4.88 | YES | 1 | 12 | 106 |
| LNT | NASDAQ:LNT | Alliant Energy Corporation | 13.07 | 19.40 | 3.48 | NO | 1 | 12 | 106 |
Top Picks by Bay Street Experts
Expert stock analysts have shared their opinions, and sometimes prediction, on the company.
For more top picks from stock analysts on Bay Street, check the full list of top picks by expect stock analysts from investment and asset management firms.
Not all analysts are equal and they don't cover the same type of stocks. The analysts performance and ownership is tracked for comparison.
Hydro One - FAQ
What is the stock ticker for Hydro One?
The stock ticker for Hydro One is TSE:h.
Is Hydro One a good stock to buy?
You need to consider your investment strategy and how TSE:h can fit in your portfolio.
The current dividend income score of 5/10 and dividend growth score of 2/10. Those 2 metrics together should help you decide the fit for your portfolio. Be it for income or for growth.
Is Hydro One a Buy, Sell or Hold?
The Dividend Snapshot Opportunity Score of 44 out of 100.
The score reflects the strength of a buy signal but it does not show a sell signal if it's low. The higher the better.
A sell signal is more difficult as it often relies on the reason you bought the stock in the first place.
How can I buy stocks for Hydro One?
You can easily buy the H stock with an online trading platform.
Just make sure the stock fits your risk profile and investment goals.