(H) Hydro One - Ratings and Ratios

Hydro One Limited, a prominent player in Ontarios electricity sector, serves as the primary transmission and distribution company, operating under a regulated monopoly. Through its subsidiaries, the company ensures the reliable delivery of electricity across the province. Its operations are divided into three segments: Transmission, Distribution, and Other, each playing a crucial role in maintaining the integrity of Ontarios power grid. With an extensive network of approximately 30,000 circuit kilometers of high-voltage transmission lines and 125,000 circuit kilometers of primary low-voltage distribution lines, Hydro One is integral to the provinces infrastructure. The companys commitment to reliability and safety underscores its operational excellence, while its focus on sustainability and digital transformation positions it as a forward-thinking utility provider.

Hydro Ones customer base is diverse, encompassing residential users, small businesses, and large industrial clients, as well as municipal utilities. Beyond its core services, the company offers telecommunications support and information and communications technology (ICT) solutions, enhancing its value proposition. Incorporated in 2015 and headquartered in Toronto, Canada, Hydro One is a key entity in Ontarios energy landscape, dedicated to innovation and customer satisfaction. For more information, visit their website at https://www.hydroone.com.

Ticker Symbol: H
Exchange: TO
Type: common stock
Country Origin: Canada
GICS Sub Industry: Electric Utilities

Average Volume 20d: 967093
Last Price: 50.81
SMA 20: 48.99
SMA 50: 47.35
SMA 200: 44.77
ATR: 0.99

Market Cap: 28341.33M CAD
P/E: 24.63
P/E Forward: 23.47
P/B: 2.39
P/S: 3.34
RoE: 9.56

3-Month Forecast: Based on the provided data, Hydro Ones stock is expected to experience a period of consolidation with a potential bullish bias. The recent price action, with the SMA 20 crossing above the SMA 50, suggests short-term strength. However, the narrowing gap between the SMA 20 and SMA 50 could indicate a possible pullback. The ATR of 0.99 reflects reduced volatility, signaling a stable trading environment. Resistance is anticipated at the SMA 200 level of 44.77, with a potential target of 53.50. Investors may remain cautious due to the high P/E ratio of 24.63, suggesting a premium valuation. Despite this, the companys monopoly status and stable RoE of 9.56 could attract investors seeking predictable returns in the utilities sector.