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TSE:H
This summary was created by AI, based on 3 opinions in the last 12 months.
Hydro One, trading under the symbol H-T, presents a mixed bag of opinions among experts. One review highlights it as a safe choice for a Tax-Free Savings Account (TFSA), especially during market stress, emphasizing the robustness of utility companies in terms of earnings, debt capacity, and dividends. Another expert points out some drawbacks, such as its relatively low dividend yield of 2.5%, which is the lowest among its utility peers, along with its operational limitation to Ontario and a higher price-to-earnings ratio compared to competitors. However, there is an acknowledgment of its strong visibility and clean operational narrative in the utility space. Overall, while it has its merits as a defensive stock, there are also concerns regarding its yield and valuation relative to others in the sector.
Sell half of my holdings and buy a utility? It pays a 3.9%. The shares have done well since they abandoned a bid to buy a Washington utility. There's little growth here, though. He prefers Capital Power which is a little riskier and pays a safer dividend. Also look at Innergex or a REIT, if you want income.
H vs. CU Hydro One had serious issues, but a decent dividend. If he had to pick one right now, he'd pick CU. Looks a bit steadier. Hydro One is in nosebleed territory, and looks as though it's starting to come off. CU is consolidating, and looks to go higher short-term. $35 is a good stop level to sell CU, $22 for Hydro One.