Hydro One

H-T

Analysis and Opinions about H-T

Signal
Opinion
Expert
DON'T BUY
DON'T BUY
October 22, 2019
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.
Hydro One (H-T)
October 22, 2019
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.
Michael Sprung
President, Sprung Investment Management
Price
$0.000
Owned
No
DON'T BUY
DON'T BUY
October 9, 2019
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.
Hydro One (H-T)
October 9, 2019
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.
Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$24.860
Owned
No
COMMENT
COMMENT
October 8, 2019

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.

Hydro One (H-T)
October 8, 2019

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.

Jamie Murray
Head of research, Murray Wealth Group
Price
$25.000
Owned
Unknown
WEAK BUY
WEAK BUY
July 8, 2019
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.
Hydro One (H-T)
July 8, 2019
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.
Varun Anand
Portfolio Manager, Starlight Capital
Price
$23.170
Owned
Unknown
COMMENT
COMMENT
June 28, 2019

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.

Hydro One (H-T)
June 28, 2019

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.

Jeff Parent B. Eng. FCSI CIM
VP & Portfolio Manager, Chief Investment Officer, Castlemoore Inc.
Price
$22.840
Owned
Unknown
DON'T BUY
DON'T BUY
May 16, 2019
It is a lot of natural gas, compared to other renewable energies. It has a fairly low environmental score. They are not a leader or ahead of the curve in transition to renewable.
Hydro One (H-T)
May 16, 2019
It is a lot of natural gas, compared to other renewable energies. It has a fairly low environmental score. They are not a leader or ahead of the curve in transition to renewable.
Tim Nash
Founder, Good Investing
Price
$22.450
Owned
Unknown
DON'T BUY
DON'T BUY
March 13, 2019
He owns Fortis, Emera and NPI, so he has enough utilities. The business in Ontario is good with possibility of expansion. But the problems with the Ontario goverment scare him off. Good dividend, but weaker dividend growth than its peers.
Hydro One (H-T)
March 13, 2019
He owns Fortis, Emera and NPI, so he has enough utilities. The business in Ontario is good with possibility of expansion. But the problems with the Ontario goverment scare him off. Good dividend, but weaker dividend growth than its peers.
Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$20.250
Owned
No
DON'T BUY
DON'T BUY
February 22, 2019
It needs to break out of a very sideways chart that happened through 2018. There was a slight downtrend before that. Doesn't see a catalyst to spark a breakout.
Hydro One (H-T)
February 22, 2019
It needs to break out of a very sideways chart that happened through 2018. There was a slight downtrend before that. Doesn't see a catalyst to spark a breakout.
Keith Richards
Portfolio Manager, ValueTrend Wealth Management
Price
$20.310
Owned
Unknown
TOP PICK
TOP PICK
November 21, 2018
There was a change of government in Ontario. The CEO and Board left but that cloud over the company is fading away. They provide distribution and transmission of electricity. They are trying to make an acquisition of a US company. If the US acquisition comes to fruition, the Ontario province stake becomes lower. The concern of political interference is overdone. Yield = 4.7% (Analysts’ price target is $20.92)
Hydro One (H-T)
November 21, 2018
There was a change of government in Ontario. The CEO and Board left but that cloud over the company is fading away. They provide distribution and transmission of electricity. They are trying to make an acquisition of a US company. If the US acquisition comes to fruition, the Ontario province stake becomes lower. The concern of political interference is overdone. Yield = 4.7% (Analysts’ price target is $20.92)
Michael Simpson, CFA
Senior Vice-President, Sentry Investments
Price
$19.520
Owned
Yes
BUY
BUY
November 15, 2018
Things have settled down on this stock now after a rocky summer. Its yield is stable. He sees this as a decent larger-cap play.
Hydro One (H-T)
November 15, 2018
Things have settled down on this stock now after a rocky summer. Its yield is stable. He sees this as a decent larger-cap play.
Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$19.400
Owned
Yes
DON'T BUY
DON'T BUY
November 14, 2018
A political mess. A typical utility with a 3.5% dividend that should grow. But with high electricity rates in Ontario, no he wouldn't touch this.
Hydro One (H-T)
November 14, 2018
A political mess. A typical utility with a 3.5% dividend that should grow. But with high electricity rates in Ontario, no he wouldn't touch this.
Bruce Murray
CEO & Chief Investment Officer, The Murray Wealth Group
Price
$19.370
Owned
No
BUY
BUY
October 23, 2018

The stock suffered pressure when Ford wanted to be elected. The stock is undervalued. They are closing on a financing. They are buying a large utility in the US. He thinks this will make it a more valuable company. He owns convertible bonds on this company.

Hydro One (H-T)
October 23, 2018

The stock suffered pressure when Ford wanted to be elected. The stock is undervalued. They are closing on a financing. They are buying a large utility in the US. He thinks this will make it a more valuable company. He owns convertible bonds on this company.

Andrew Pink
Portfolio Manager, LDIC
Price
$19.720
Owned
No
DON'T BUY
DON'T BUY
September 21, 2018

There is always a debt concern about this stock. They have replaced the Board and the revenue is controlled by the government. He is scared by the private-public ownership. He would choose another utility and avoid the potential government involvement. Yield 4.6%.

Hydro One (H-T)
September 21, 2018

There is always a debt concern about this stock. They have replaced the Board and the revenue is controlled by the government. He is scared by the private-public ownership. He would choose another utility and avoid the potential government involvement. Yield 4.6%.

Rob Tetrault
Portfolio Manager and Senior Vice-President, Tetrault Wealth Advisory Group from National Bank
Price
$19.690
Owned
No
TOP PICK
TOP PICK
September 17, 2018

H.IR-T Investment Receipts. They are tied to Hydro 1. They issued them as part of their US acquisition. It is not clear whether this transaction will actually close. These receipts give you protection in that scenario. You either get shares of H-T or your money back. The price momentum has started to improve on these, 4.7% yield. He likes these receipts as a better way to play the deal. It should happen between now and the end of April. (Analysts’ target: $21.58).

Hydro One (H-T)
September 17, 2018

H.IR-T Investment Receipts. They are tied to Hydro 1. They issued them as part of their US acquisition. It is not clear whether this transaction will actually close. These receipts give you protection in that scenario. You either get shares of H-T or your money back. The price momentum has started to improve on these, 4.7% yield. He likes these receipts as a better way to play the deal. It should happen between now and the end of April. (Analysts’ target: $21.58).

Jason Mann
CIO & Co-Founder, Edgehill Patners
Price
$19.870
Owned
Yes
DON'T BUY
DON'T BUY
September 17, 2018

With the Ontario government still owning a big part of this, he's avoided it. There's no difference between the old and new boards. A U.S. acqusition is on hold, perhaps out of worry--the new board has to decide whether to go ahead or now. Their transmission side is coming up for regulatory hearings next year which could be difficult.

Hydro One (H-T)
September 17, 2018

With the Ontario government still owning a big part of this, he's avoided it. There's no difference between the old and new boards. A U.S. acqusition is on hold, perhaps out of worry--the new board has to decide whether to go ahead or now. Their transmission side is coming up for regulatory hearings next year which could be difficult.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$19.870
Owned
Unknown
DON'T BUY
DON'T BUY
September 6, 2018

Don't touch it with a ten foot pole. It is a mix of public and private ownership. There is a lot of debt. Revenue is controlled by the government. This one is too political for him to get into.

Hydro One (H-T)
September 6, 2018

Don't touch it with a ten foot pole. It is a mix of public and private ownership. There is a lot of debt. Revenue is controlled by the government. This one is too political for him to get into.

Tim Regan
Managing Director, Kingwest & Company
Price
$19.070
Owned
No
BUY
BUY
August 16, 2018

Always a debt concern with this stock. Market appears to have given thumbs up on new Board. Evaluations have been crushed on this stock, but now there is stability. He likes the yield on it. There is some political uncertainty with this name. Yield of 4.8%

Hydro One (H-T)
August 16, 2018

Always a debt concern with this stock. Market appears to have given thumbs up on new Board. Evaluations have been crushed on this stock, but now there is stability. He likes the yield on it. There is some political uncertainty with this name. Yield of 4.8%

Andrew Pyle
Senior wealth advisor and portfolio manager, The Pyle Group, Scotia Wealth Mgt.
Price
$19.320
Owned
Yes
DON'T BUY
DON'T BUY
August 3, 2018

He would wait on this one -- with changes on the Board and it being a relatively new company. There are other companies in the same space guaranteeing dividend increases going forward. He would look to other utilities instead.

Hydro One (H-T)
August 3, 2018

He would wait on this one -- with changes on the Board and it being a relatively new company. There are other companies in the same space guaranteeing dividend increases going forward. He would look to other utilities instead.

Peter Hodson
CEO & Head of Research, 5i Research Inc.
Price
$19.210
Owned
No
DON'T BUY
DON'T BUY
July 26, 2018

It is a yield play. He sees very little growth on the horizon. PE is almost 16 times. He prefers EMA-T because there is an appreciation potential and a slightly better yield.

Hydro One (H-T)
July 26, 2018

It is a yield play. He sees very little growth on the horizon. PE is almost 16 times. He prefers EMA-T because there is an appreciation potential and a slightly better yield.

Kash Pashootan
CEO & Chief Investment Officer, First Avenue Investment Counsel
Price
$18.930
Owned
No
DON'T BUY
DON'T BUY
July 24, 2018

The market doesn’t like the uncertainty associated with this company, which includes a change of management (in progress) and delay of approval of their planned acquisition of another business in the USA. He thinks the stock is overpriced relative to expected earnings growth. It has negative free cash flow. Dividend coverage is good but with negative cash flow, he doesn’t expect dividend growth.

Hydro One (H-T)
July 24, 2018

The market doesn’t like the uncertainty associated with this company, which includes a change of management (in progress) and delay of approval of their planned acquisition of another business in the USA. He thinks the stock is overpriced relative to expected earnings growth. It has negative free cash flow. Dividend coverage is good but with negative cash flow, he doesn’t expect dividend growth.

Robert McWhirter
President, Selective Asset Management
Price
$19.180
Owned
No
WATCH
WATCH
July 23, 2018

Their Avista take over approval is being delayed. Doug Ford fired the board and a new one is coming in. He was disappointed to see this happen. The underlying assets in the business are pretty good. There is controversy to see what happens with the new management coming in. This one could present an opportunity for investors in the future.

Hydro One (H-T)
July 23, 2018

Their Avista take over approval is being delayed. Doug Ford fired the board and a new one is coming in. He was disappointed to see this happen. The underlying assets in the business are pretty good. There is controversy to see what happens with the new management coming in. This one could present an opportunity for investors in the future.

Colin Stewart
CEO & Portfolio manager, JC Clark Investments Ltd.
Price
$19.200
Owned
Unknown
WATCH
WATCH
June 28, 2018

He does not like it because it is a bond proxy. It is interest rate sensitive. He thinks interest rates bottomed at BREXIT and will go higher from here. They are highly leveraged and got more so with an acquisition they made south of the boarder. He is taking a wait and see approach. We'll see if Ford changes the executive compensation. H-T is a slow grower and not particularly well operated. He does not know if the CEO wage is egregious. It pays to be wary of initial IPOs.

Hydro One (H-T)
June 28, 2018

He does not like it because it is a bond proxy. It is interest rate sensitive. He thinks interest rates bottomed at BREXIT and will go higher from here. They are highly leveraged and got more so with an acquisition they made south of the boarder. He is taking a wait and see approach. We'll see if Ford changes the executive compensation. H-T is a slow grower and not particularly well operated. He does not know if the CEO wage is egregious. It pays to be wary of initial IPOs.

Brian Madden
Senior VP & Portfolio Manager, Goodreid Investment Council
Price
$19.970
Owned
No
DON'T BUY
DON'T BUY
May 30, 2018

He thinks the Ontario election could cause some danger. This has been a political football for many years. There has been mismanagement of the hydro assets, which has resulted in dramatically higher rates over the past 12 years. Are you really buying a private company, when the government still owns over 40%. They have been attempting a US acquisition, which may face delay if there is a new government. Shareholders have a chance of being treated poorly following the election. An NDP government may look to purchase the privately held shares but would not likely re-purchase them at the issued price of $20.50 per share.

Hydro One (H-T)
May 30, 2018

He thinks the Ontario election could cause some danger. This has been a political football for many years. There has been mismanagement of the hydro assets, which has resulted in dramatically higher rates over the past 12 years. Are you really buying a private company, when the government still owns over 40%. They have been attempting a US acquisition, which may face delay if there is a new government. Shareholders have a chance of being treated poorly following the election. An NDP government may look to purchase the privately held shares but would not likely re-purchase them at the issued price of $20.50 per share.

Michael Sprung
President, Sprung Investment Management
Price
$19.580
Owned
No
WATCH
WATCH
May 28, 2018

They have a lot of debt on their books. The trend is pretty clear here right now. Politically, you have to wait to see who wins the election. There are some issues there with excessive executive pay. The Government still owns 47% of this company.

Hydro One (H-T)
May 28, 2018

They have a lot of debt on their books. The trend is pretty clear here right now. Politically, you have to wait to see who wins the election. There are some issues there with excessive executive pay. The Government still owns 47% of this company.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$19.650
Owned
Unknown
DON'T BUY
DON'T BUY
May 10, 2018

There is limited history here. The stock is drifting. Great company. You could have a good company with a bad stock. If it gets below the psychological $20 value, you have to get worried.

Hydro One (H-T)
May 10, 2018

There is limited history here. The stock is drifting. Great company. You could have a good company with a bad stock. If it gets below the psychological $20 value, you have to get worried.

Elliott Fishman
Director of U.S. and international equity trading, Trading Services Group, Scotia Wealth
Price
$20.000
Owned
No
HOLD
HOLD
March 7, 2018

Holds Fortis and Northland Power instead. Hydro One's dividend is safe and will increase. Yes, they are expanding in the States, but they are beholden to the Ontario regulator. So one bad call from this regulator and they're in trouble. Stick with it if you own it. They're challenged like all utilities due to interest rates rising.

Hydro One (H-T)
March 7, 2018

Holds Fortis and Northland Power instead. Hydro One's dividend is safe and will increase. Yes, they are expanding in the States, but they are beholden to the Ontario regulator. So one bad call from this regulator and they're in trouble. Stick with it if you own it. They're challenged like all utilities due to interest rates rising.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$20.770
Owned
No
DON'T BUY
DON'T BUY
February 15, 2018

Debt levels are high and you don’t know that they are doing with acquisitions. It is hard to argue about the safety of the dividend. But it is not a growth stock in the next number of years.

Hydro One (H-T)
February 15, 2018

Debt levels are high and you don’t know that they are doing with acquisitions. It is hard to argue about the safety of the dividend. But it is not a growth stock in the next number of years.

John Zechner
Chairman, J. Zechner & Assoc
Price
$20.470
Owned
No
COMMENT
COMMENT
December 6, 2017

Has its challenges in Ontario. Made an acquisition in the US which should help, but still has a few challenges. He is on the sidelines for this one. Prefers companies that have diverse geographical regulators. Dividend yield of 3.9%.

Hydro One (H-T)
December 6, 2017

Has its challenges in Ontario. Made an acquisition in the US which should help, but still has a few challenges. He is on the sidelines for this one. Prefers companies that have diverse geographical regulators. Dividend yield of 3.9%.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$22.700
Owned
No
COMMENT
COMMENT
September 20, 2017

He is pretty positive on this. You see a lot of trend of Canadian companies going down to the US to buy assets. It is a very long cycle, which is why the receipts are a good thing in terms of if it doesn’t happen. The conversion will result in dilution, but you are getting paid to wait. Thinks it will work out well.

Hydro One (H-T)
September 20, 2017

He is pretty positive on this. You see a lot of trend of Canadian companies going down to the US to buy assets. It is a very long cycle, which is why the receipts are a good thing in terms of if it doesn’t happen. The conversion will result in dilution, but you are getting paid to wait. Thinks it will work out well.

Zachary Curry
Chief Operating Officer & Portfolio Manager, Davis-Rea Ltd.
Price
$22.600
Owned
No
HOLD
HOLD
September 5, 2017

It is stodgy, and is worth holding in this quiet market. Did a US acquisition.

Hydro One (H-T)
September 5, 2017

It is stodgy, and is worth holding in this quiet market. Did a US acquisition.

Michael Smedley
Exec VP & Chief Investment Officer, Morgan Meighan & Associates
Price
$23.060
Owned
No
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