
TSE:H
This summary was created by AI, based on 4 opinions in the last 12 months.
Hydro One (H-T) has received mixed reviews from various experts. One reviewer highlights the stock as a safe pick for a Tax-Free Savings Account (TFSA), emphasizing that utilities tend to be robust during market stress due to their strong earnings power and ability to handle higher debt loads, alongside offering a healthy dividend. Conversely, another expert critiques Hydro One for providing the lowest dividend among its utility peers at 2.5% and notes that it only operates in Ontario, which limits its geographical diversification. This reviewer appreciates the income potential of utilities but prefers companies with operations across multiple jurisdictions, especially since Hydro One trades at a higher price-to-earnings ratio compared to its competitors. Despite this divergence of opinions, one consistent theme across several reviews is the recognition of Hydro One's clear business strategy and strong visibility in its market segment, particularly within the regulated utilities space.
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.