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
BUY
BUY
August 23, 2017

He has big positions in other utilities. It has done well coming out of the chute. They were challenged in their growth, but now they have made an acquisition.

Hydro One (H-T)
August 23, 2017

He has big positions in other utilities. It has done well coming out of the chute. They were challenged in their growth, but now they have made an acquisition.

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$22.750
Owned
No
COMMENT
COMMENT
July 21, 2017

This is a company where the government sets its rates, takes its cash flow. The flexibility that management has within Ontario is limited. You have to ask yourself, are you really buying equity or just buying a participation with a right to a dividend as it goes along. Making a US acquisition gives them an outlook for growth, and hopefully earn a better return on equities.

Hydro One (H-T)
July 21, 2017

This is a company where the government sets its rates, takes its cash flow. The flexibility that management has within Ontario is limited. You have to ask yourself, are you really buying equity or just buying a participation with a right to a dividend as it goes along. Making a US acquisition gives them an outlook for growth, and hopefully earn a better return on equities.

Michael Sprung
President, Sprung Investment Management
Price
$22.650
Owned
Unknown
COMMENT
COMMENT
July 11, 2017

This closed at $22.70. He has a model price of $24.01, a 5% upside. More importantly, it pays a 3.88% dividend. It would be nice if this pulled back to $21.38 which would give it added support. 3.58% dividend yield.

Hydro One (H-T)
July 11, 2017

This closed at $22.70. He has a model price of $24.01, a 5% upside. More importantly, it pays a 3.88% dividend. It would be nice if this pulled back to $21.38 which would give it added support. 3.58% dividend yield.

Brian Acker, CA
Chief Executive Officer, President and Chief Inves, Acker Finley Inc.
Price
$22.650
Owned
Unknown
COMMENT
COMMENT
June 16, 2017

The utility sector is pretty healthy in Canada. This is not his favourite name within the group. Trades at a higher valuation than others. He prefers the growth rate of Algonquin (AQN-T). His #2 choice would be Fortis (FTS-T).

Hydro One (H-T)
June 16, 2017

The utility sector is pretty healthy in Canada. This is not his favourite name within the group. Trades at a higher valuation than others. He prefers the growth rate of Algonquin (AQN-T). His #2 choice would be Fortis (FTS-T).

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$23.250
Owned
Unknown
COMMENT
COMMENT
March 3, 2017

He would be very cautious until we get more detail on what the Ontario government’s cut in Hydro bills will have in the way of effecting this stock?

Hydro One (H-T)
March 3, 2017

He would be very cautious until we get more detail on what the Ontario government’s cut in Hydro bills will have in the way of effecting this stock?

David Cockfield
Managing Director, Northland Wealth Management
Price
$23.530
Owned
Unknown
COMMENT
COMMENT
February 14, 2017

A steady Eddie stock. You aren’t going to make a fortune, but you can sleep well at night. With the potential of further de-regulations coming, some of their assets could be operated more efficiently. There are some opportunities for them to consolidate within the market, but it remains to be seen. The other large Canadian utilities are buying assets in the US, so it will be interesting to see how this one augments their growth rate longer-term. There are other investments in the space that he likes better. 3.5% dividend yield.

Hydro One (H-T)
February 14, 2017

A steady Eddie stock. You aren’t going to make a fortune, but you can sleep well at night. With the potential of further de-regulations coming, some of their assets could be operated more efficiently. There are some opportunities for them to consolidate within the market, but it remains to be seen. The other large Canadian utilities are buying assets in the US, so it will be interesting to see how this one augments their growth rate longer-term. There are other investments in the space that he likes better. 3.5% dividend yield.

Ryan Bushell
President, Newhaven Asset Management
Price
$23.590
Owned
No
DON'T BUY
DON'T BUY
January 23, 2017

You are supposed to own this, but… it is such a bad company and is in the process of being fixed, that you cannot get a sense of what they are doing. Also, the government can change the terms of what they can do. Around $20 it might be so cheap you could ride out volatility. The electricity market is so dysfunctional that you should not be in it. Wait until it completely crushes the economy and has to be completely restructured. Labour costs are incredibly high, very inefficient.

Hydro One (H-T)
January 23, 2017

You are supposed to own this, but… it is such a bad company and is in the process of being fixed, that you cannot get a sense of what they are doing. Also, the government can change the terms of what they can do. Around $20 it might be so cheap you could ride out volatility. The electricity market is so dysfunctional that you should not be in it. Wait until it completely crushes the economy and has to be completely restructured. Labour costs are incredibly high, very inefficient.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$23.490
Owned
Unknown
DON'T BUY
DON'T BUY
January 19, 2017

(Market Call Minute) Earnings have been flat since the initial issue and the stock has been backing away, but it has not dropped to a value where he says it is a buy.

Hydro One (H-T)
January 19, 2017

(Market Call Minute) Earnings have been flat since the initial issue and the stock has been backing away, but it has not dropped to a value where he says it is a buy.

Ross Healy
Chairman, Strategic Analysis Corp
Price
$23.490
Owned
Unknown
COMMENT
COMMENT
November 30, 2016

In the near term, this is going to be driven by interest rates. It had a great rally because interest rates were going to be lower for longer, and it has a very stable revenue stream which dividend investors like. All utility stocks have fallen, and the question is, have they fallen too far. He finds this doesn’t have as high yield as he can find elsewhere. It is hard to see a lot of growth on a go forward basis.

Hydro One (H-T)
November 30, 2016

In the near term, this is going to be driven by interest rates. It had a great rally because interest rates were going to be lower for longer, and it has a very stable revenue stream which dividend investors like. All utility stocks have fallen, and the question is, have they fallen too far. He finds this doesn’t have as high yield as he can find elsewhere. It is hard to see a lot of growth on a go forward basis.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$22.800
Owned
No
HOLD
HOLD
November 16, 2016

From the point of view of safety and dividend, this company fits that bill very well. It is not cheap, but none of the utility stocks are. In a rising interest rate environment, they are going to be a little bit more at risk, which probably accounts for some of the weakness in the stock. It has an effective monopoly.

Hydro One (H-T)
November 16, 2016

From the point of view of safety and dividend, this company fits that bill very well. It is not cheap, but none of the utility stocks are. In a rising interest rate environment, they are going to be a little bit more at risk, which probably accounts for some of the weakness in the stock. It has an effective monopoly.

John Zechner
Chairman, J. Zechner & Assoc
Price
$23.170
Owned
No
HOLD
HOLD
November 15, 2016

Market Call Minute. She would hold this just for the stable income stream.

Hydro One (H-T)
November 15, 2016

Market Call Minute. She would hold this just for the stable income stream.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$23.170
Owned
Unknown
BUY WEAKNESS
BUY WEAKNESS
November 14, 2016

He does not look at the balance sheet. ETFs are 99% of what he does. There is not enough evidence in the chart to say where the floor might be. Around the issue price there should be some natural support ($20.50). He has been nibbling away at interest sensitives here. He is buying REITs.

Hydro One (H-T)
November 14, 2016

He does not look at the balance sheet. ETFs are 99% of what he does. There is not enough evidence in the chart to say where the floor might be. Around the issue price there should be some natural support ($20.50). He has been nibbling away at interest sensitives here. He is buying REITs.

Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc.
Price
$22.650
Owned
Unknown
COMMENT
COMMENT
November 10, 2016

Another one of the stocks that has been caught up in the interest rate trade. The biggest companies that are going to be tied to interest rates are utilities, telecommunications and real estate companies. On the positive side, banks and lifeco shares have really appreciated. This is the inverse trading that is happening as people try to position themselves for a world with Donald Trump as president. All the positioning is probably way premature, but that is what markets do.

Hydro One (H-T)
November 10, 2016

Another one of the stocks that has been caught up in the interest rate trade. The biggest companies that are going to be tied to interest rates are utilities, telecommunications and real estate companies. On the positive side, banks and lifeco shares have really appreciated. This is the inverse trading that is happening as people try to position themselves for a world with Donald Trump as president. All the positioning is probably way premature, but that is what markets do.

Ryan Bushell
President, Newhaven Asset Management
Price
$22.750
Owned
No
COMMENT
COMMENT
October 17, 2016

(Market Call Minute.) He is very cautious on utilities. It is very crowded. People have been hiding in utilities, telcos and REITs to try and get a better dividend than what they are getting in bonds, but there just isn’t the dividend growth to support. You want to look for growthier names.

Hydro One (H-T)
October 17, 2016

(Market Call Minute.) He is very cautious on utilities. It is very crowded. People have been hiding in utilities, telcos and REITs to try and get a better dividend than what they are getting in bonds, but there just isn’t the dividend growth to support. You want to look for growthier names.

David Burrows
President & Chief Investment Strategist, Barometer Capital Management
Price
$24.490
Owned
Yes
BUY WEAKNESS
BUY WEAKNESS
September 6, 2016

Probably a great widows and orphans stock. A great one to put in your RRSP and just sit on it. Pays a nice dividend and will probably go up over time. He views it as being a bit expensive right now. A very “steady Eddie” type of business. A good solid investment. The province of Ontario will probably put more stock into the market, and that would be the opportunity.

Hydro One (H-T)
September 6, 2016

Probably a great widows and orphans stock. A great one to put in your RRSP and just sit on it. Pays a nice dividend and will probably go up over time. He views it as being a bit expensive right now. A very “steady Eddie” type of business. A good solid investment. The province of Ontario will probably put more stock into the market, and that would be the opportunity.

Alex Ruus
Portfolio Manager, Arrow Capital Management
Price
$26.350
Owned
Unknown
COMMENT
COMMENT
July 27, 2016

(Market Call Minute.) There is not enough disclosure for him to be comfortable with. Everybody should own it, if it had disclosure.

Hydro One (H-T)
July 27, 2016

(Market Call Minute.) There is not enough disclosure for him to be comfortable with. Everybody should own it, if it had disclosure.

Bill Harris, CFA
Portfolio Manager, Avenue Investment Management
Price
$25.820