TSX:HElectric Utilities
Hydro One (TSX:H) Stock Profit Growth Counters Rising Funding Demands
Hydro One went into this earnings print priced like a steady, premium utility, with the stock drifting slightly lower over the past week and quarter despite a rich 24.8x trailing P/E that sits above industry peers. The quarter itself came through with the story investors usually want from a regulated grid owner. Net income attributable to common shareholders rose 13.1% year over year and earnings per share reached CA$0.62, helped by higher transmission and distribution revenue.
The headline...