Hydro One

H-T

Analysis and Opinions about H-T

Signal
Opinion
Expert
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%.

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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%.

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.

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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.

HOLD
HOLD
September 5, 2017

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

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Hydro One (H-T)
September 5, 2017

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

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.

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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.

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.

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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.

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.

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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.

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).

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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).

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?

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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?

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.

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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.

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.

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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.

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.

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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.

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.

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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.

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.

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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.

HOLD
HOLD
November 15, 2016

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

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Hydro One (H-T)
November 15, 2016

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

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.

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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.

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