Hydro One has two main businesses: the transmission of electricity and the distribution of electricity to utilities throughout the province. Overall, it transmits 98% of Ontario’s electricity and serves 1.5 million customers. The province owns 47% of the common shares.
Income Investor
Hydro One is a core holding for conservative investors. It offers slow, steady growth and a rising dividend. It is insulated from commodity price changes since it transmits electricity but does not generate it. In a year of global political and economic disorder it has had a good run and carries a relatively high price to earnings ratio of 25. Its outlook is good, but short-term capital appreciation may be more moderate. Hold - Adam Mayers
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H was first recommended here on January 17, 2025