Hydro One Stock Today
| H Stock | CAD 40.18 0.22 0.54% |
Performance0 of 100
| Odds Of DistressLess than 23
|
Hydro One is selling at 40.18 as of the 22nd of May 2024; that is -0.54% down since the beginning of the trading day. The stock's open price was 40.4. Hydro One has about a 23 % chance of experiencing some form of financial distress in the next two years of operation but has generated negative returns over the last 90 days. Equity ratings for Hydro One are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 22nd of April 2024 and ending today, the 22nd of May 2024. Click here to learn more.
Business Domain Utilities |
Hydro One Limited, through its subsidiaries, operates as an electrical transmission and distribution company in Ontario. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada. HYDRO ONE operates under Utilities - Regulated Electric classification in Canada and is traded on Toronto Stock Exchange. The company has 599.43 M outstanding shares of which 5.23 M shares are currently shorted by private and institutional investors with about 6.67 trading days to cover. More on Hydro One
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Hydro Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Hydro One's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Hydro One or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Hydro One's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Hydro One's managers, analysts, and investors.
Environment Score | Governance Score | Social Score |
| Thematic Idea | Utilities (View all Themes) | ||||
| Business Concentration | Electric Utilities, Utilities - Regulated Electric, Utilities, Utilities, Electric Utilities, Utilities - Regulated Electric, Utilities (View all Sectors) | ||||
| Excise Tax Activities | Nuclear | ||||
Hydro One's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Hydro One's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | |||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Hydro One's financial leverage. It provides some insight into what part of Hydro One's total assets is financed by creditors.
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Hydro One (H) is traded on Toronto Exchange in Canada and employs 7,044 people. Hydro One is listed under Electric Utilities category by Fama And French industry classification. The company currently falls under 'Large-Cap' category with a current market capitalization of 24.18 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Hydro One's market, we take the total number of its shares issued and multiply it by Hydro One's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Hydro One conducts business under Electric Utilities sector and is part of Utilities industry. The entity has 599.43 M outstanding shares of which 5.23 M shares are currently shorted by private and institutional investors with about 6.67 trading days to cover.
Hydro One currently holds about 530 M in cash with 2.41 B of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 0.06.
Check Hydro One Probability Of Bankruptcy
Ownership AllocationHydro One has a total of 599.43 Million outstanding shares. Hydro One secures significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Please note that no matter how many assets the company holds, if the real value of the firm is less than the current market value, you may not be able to make money on it.
Check Hydro Ownership Details
Hydro One Risk Profiles
Investors will always prefer to have the highest possible return on investment while minimizing volatility. Hydro One market risk premium is the additional return an investor will receive from holding Hydro One long position in a well-diversified portfolio. The market premium is part of the Capital Asset Pricing Model (CAPM), which most analysts and investors use to calculate the acceptable rate of return on investment in Hydro One. At the center of the CAPM is the concept of risk and reward, which is usually communicated by investors using alpha and beta measures. Although Hydro One's alpha and beta are two of the key measurements used to evaluate Hydro One's performance over the market, the standard measures of volatility play an important role as well.
| Mean Deviation | 0.4998 | |||
| Semi Deviation | 0.6408 | |||
| Standard Deviation | 0.6629 | |||
| Variance | 0.4395 |
Hydro Stock Against Markets
Picking the right benchmark for Hydro One stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Hydro One stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Hydro One is critical whether you are bullish or bearish towards Hydro One at a given time. Please also check how Hydro One's historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in Hydro One without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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| All Next | Launch Module |
Hydro One Corporate Management
Elected by the shareholders, the Hydro One's board of directors comprises two types of representatives: Hydro One inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Hydro. The board's role is to monitor Hydro One's management team and ensure that shareholders' interests are well served. Hydro One's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Hydro One's outside directors are responsible for providing unbiased perspectives on the board's policies.
| Jay Armitage | Vice Communications | Profile | |
| BSc BSc | Interim Pres | Profile | |
| Renee McKenzie | Executive Solutions | Profile | |
| Brad Bowness | Chief Officer | Profile | |
| Christopher Lopez | Chief Officer | Profile | |
| Omar Javed | Vice Relations | Profile | |
| Joseph Agostino | Senior Officer | Profile |
How to buy Hydro Stock?
Before investing in Hydro One, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Hydro One. To buy Hydro One stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of Hydro One. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase Hydro One stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located Hydro One stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased Hydro One stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Hydro One, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments.
Already Invested in Hydro One?
The danger of trading Hydro One is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Hydro One is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Hydro One. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Hydro One is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hydro One. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate. You can also try the Crypto Correlations module to use cryptocurrency correlation module to diversify your cryptocurrency portfolio across multiple coins.
Complementary Tools for Hydro Stock analysis
When running Hydro One's price analysis, check to measure Hydro One's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hydro One is operating at the current time. Most of Hydro One's value examination focuses on studying past and present price action to predict the probability of Hydro One's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hydro One's price. Additionally, you may evaluate how the addition of Hydro One to your portfolios can decrease your overall portfolio volatility.
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