05:28:12 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Hydro One Ltd
Symbol H
Shares Issued 595,000,000
Close 2016-10-26 C$ 24.50
Market Cap C$ 14,577,500,000
Recent Sedar Documents

Globe says Hydro One is down but not out

2016-10-27 06:45 ET - In the News

The Globe and Mail reports in its Thursday, Oct. 27, edition that buying shares of a stock on weakness can prove to be a successful portfolio management strategy. The Globe's Jennifer Dowty writes that it is critical to determine whether price weakness is indeed a buying opportunity. Hydro One has come under pressure in recent weeks and may prove to be trading at a good entry point for long-term investors. Interest-sensitive utilities stocks such as Hydro One have been under pressure. This stock offers investors two attractive attributes: steady growth and dependable income. The company is a dominant player in the Ontario electric transmission and distribution businesses. Its operations are rate-regulated, representing 99 per cent of total revenue, providing the company with high earnings visibility and reliability. The company's earnings are growing at a steady pace. Looking out to 2020, the rate base is forecast to grow at a compound annual growth rate of 4.9 per cent. The dividend yield of 3.4 per cent is attractive, with room to expand the quarterly dividend given the conservative payout ratio. Ms. Dowty says the low $24 price level looks like an attractive entry point.

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