Buy, Sell or Hold: Hydro One (H-T) — Stock Predictions at Stockchase

TSE:H

33.87

0.20 (0.59%) 1d

Showing 1 to 15 of 79 entries

BUY

Some avoid utilities as interest rates rise. However, Canadian utilities have done very well due to the Russian invasion. So, investors seek defence in this sector. Valuations here are a little rich. He likes Hydro One for stability. He also likes clean energy like AQN, which he trimmed a little. Clean energy will come back this year after a strong 2020 and maybe not as strong as 2020, but still good.

electrical utilities

BUY

Management has put governance issues behind it and instituted good policies. Good mid-single-digit growth, healthy dividend yield, favourable jurisdiction of Ontario. Good RRSP candidate. Not too much of a headache for volatility and downside. For him, better opportunities elsewhere.

electrical utilities

DON'T BUY

H vs. AQN He's been adding to AQN. Valuations have come back in the renewables, with more upside in the next year or two over basic fossil fuel companies. AQN has a 4% dividend yield, valuation is good, Kentucky Power acquisition is another leg of growth.

electrical utilities

DON'T BUY

It's performed well in the past 12-24 months. Ontario is one of the most difficult energy jurisdictions around. Hydro doesn't offer much growth, but it's stable. The dividend isn't enough to excite investors, so he prefers Fortis and others. It's okay to hang onto shares.

electrical utilities

DON'T BUY

Very defensive cashflow streams. Compared to Fortis, Hydro One has geographical limitations being based only in Ontario. In terms of rising interest rates, it remains low and it is not an immediate concern. Look for a utility that has the ability to increase dividends annually.

electrical utilities

HOLD

He favours Fortis and Algonquin. H-T is a very stable business model. They had aggressive growth projects but they didn't work out. Would like to see more diversification of cashflow since it is very dependant on Ontario. It is a good, durable business. Would not sell it but it may not perform as well as others. Growth platform is limited.

electrical utilities

HOLD

They made a big acquisition and ran into trouble, but that now behind them. They've endured Covid this, but there's little stock appreciation ahead. Hold this to collect the dividend.

electrical utilities

DON'T BUY

Likes it. OK growth rate. Expensive. AQN and FTS are trading at better levels with nice growth rates and dividend growth. Pretty safe area, but a mistake to buy at the top of the range.

electrical utilities

PARTIAL SELL

He buys utilities to generate income. Yes, they are boring, but this sector has had an incredible run in the last 12 months. This is overbought now and would take profits. Also, the yield has dropped to 3.3%, which is a negative.

electrical utilities

DON'T BUY

Ontario's current government has made many changes to the Hydro board, a gong show. He is wait-and-see with Hydro and prefers Emera as a utility, which offers better growth and doesn't suffer government meddling. At its core, though, Hydro is a great business as a regulated utility.

electrical utilities

DON'T BUY

They've done well this year, especially with less government influence. He prefers AQN, Fortis and BEP in this space who have better growth and offer wider diversification. H-T is Ontario-centric. It's okay if you hold it.

electrical utilities

DON'T BUY

As a dividend stock Fine as a dividend stock, but not fine as a stock. They tried to do a US acquisition, but found out they couldn't. They have large capex, too. Dividend is safe and has been doing better lately than he expected, but that could be a result of a yield play. Doesn't interest him.

electrical utilities

DON'T BUY

Pays a good yield, but there isn't much growth. She wants utilities for the yields but also cash flow growth. The Ontario government still owns 47% of this company so it's possible they could sell down and get involved in the company's operations.

electrical utilities

COMMENT

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.

electrical utilities

WEAK BUY

This was supposed to be a sleepy, easygoing utility. They did a deal in the US that was not seen that positively. It trades at a discount now. He thinks the discount is warranted due to management, who needs to be trusted. They need to articulate their strategy and then have some wins. He is seeing better opportunities than this one.

electrical utilities

Showing 1 to 15 of 79 entries

Hydro One(H-T) Rating

Ranking : 3 out of 5

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 3

Stockchase rating for Hydro One is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Hydro One(H-T) Frequently Asked Questions

What is Hydro One stock symbol?

Hydro One is a Canadian stock, trading under the symbol H-T on the Toronto Stock Exchange (H-CT). It is usually referred to as TSX:H or H-T

Is Hydro One a buy or a sell?

In the last year, 3 stock analysts published opinions about H-T. 2 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Hydro One.

Is Hydro One a good investment or a top pick?

Hydro One was recommended as a Top Pick by on . Read the latest stock experts ratings for Hydro One.

Why is Hydro One stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Hydro One worth watching?

3 stock analysts on Stockchase covered Hydro One In the last year. It is a trending stock that is worth watching.

What is Hydro One stock price?

On 2022-06-24, Hydro One (H-T) stock closed at a price of $33.87.

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