Hydro One stock holds at CAD 51.25 as targets are cut

Published on 09/22/2026 at 12:13 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hydro One stock opened at CAD 51.25 on September 22, 2026, while CIBC cut its target to CAD 56.00. Quarterly revenue reached CAD 1.23 billion.

Hydro One, CA4495861060, Illustration mit AI erstellt.

Hydro One Limited (CA4495861060) opened at CAD 51.25 on the Toronto Stock Exchange on September 22, 2026. The stock was 15.4 percent below its 52-week high of CAD 60.57, while the latest reported quarter delivered CAD 1.23 billion in revenue and earnings per share of CAD 0.62.

Analyst target moves lower

According to The Globe and Mail on September 21, 2026, CIBC lowered its Hydro One target to CAD 56.00 from CAD 59.00 while keeping a Neutral rating. The reduction places the new target CAD 4.75 above the September 22 opening price, a premium of 9.3 percent.

The same September 21, 2026 analyst update reported that Scotiabank maintained a Sector Perform rating with a CAD 58.00 target. That target is CAD 6.75 above the opening price, but both targets remain below the stock's 52-week high of CAD 60.57.

Quarterly earnings support the valuation

MarketBeat reported on September 22, 2026, that Hydro One last released earnings for the quarter on August 12, 2026. The company reported CAD 0.62 in quarterly earnings per share and CAD 1.23 billion in revenue, with a net margin of 14.87 percent.

The quarterly figures provide a concrete counterweight to the lower CIBC target: revenue and earnings remain measurable support for the current valuation, while the analyst split shows that expectations are not uniform. MarketBeat also reported a fiscal-year earnings estimate of CAD 2.0572195 per share for 2026.

Dividend date adds a near term marker

According to MarketBeat on September 22, 2026, Hydro One disclosed a quarterly dividend of CAD 0.3531 per share, payable on September 29, 2026. The annualized dividend was reported at CAD 1.41 per share, equivalent to a 2.8 percent yield and a 57.31 percent payout ratio.

Hydro One stock therefore enters the September 29 payment date with the market price at CAD 51.25 and the latest analyst targets between CAD 56.00 and CAD 58.00. The key comparison is clear: the lower CIBC target still exceeds the opening price by 9.3 percent, while the stock remains below its 52-week high.