Hydro One Limited (HRNNF)
Utilities · PNK
Price as at 2 Oct 2026, 02:26 UTC. Quotes are delayed.
Fundamentals
Valuation and ratings
Hydro One Limited trades at $35.79, close to the $34.50 our fair value estimate puts on the business. On this measure the market and the model broadly agree, so the interesting question is which of them is wrong.
Our moat model scores it 52 out of 100, which is a moat, but not a deep one. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 26.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
HRNNF dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | $0.754 | 3 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
About Hydro One Limited
Hydro One Limited operates as an electricity transmission and distribution company in Ontario. It operates through three segments: Transmission, Distribution, and Other. The company owns and operates approximately 30,000 circuit kilometers of high-voltage transmission lines and approximately 126,000 circuit kilometers primary low-voltage distribution lines. It provides telecommunications support services for its transmission and distribution businesses; and information and communications technology services and solutions. It serves residential, small business, commercial, and industrial customers, as well as municipal utilities. Hydro One Limited was incorporated in 2015 and is headquartered in Toronto, Canada.
Company profile, industry and headcount are as reported by our data provider and can lag a company's own filings by a reporting period. The annual report is the authority.
HRNNF passes 2 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
HRNNF peers
The largest companies in the same industry (Utilities - Regulated Electric), then in the same sector.
- NEE NextEra Energy, Inc.
- NGG National Grid plc
- ES Eversource Energy
- EVRG Evergy, Inc.
- EMA Emera Incorporated
- PNW Pinnacle West Capital Corporation
- OGE OGE Energy Corp.
- ELPC Companhia Paranaense de Energia
Every utilities company we cover is on the Utilities hub.
Common questions
Is Hydro One Limited (HRNNF) undervalued?
Against our fair value estimate of $34.50, HRNNF at $35.79 is 4% above fair value. That is one model's answer, not a recommendation. It is built from normalized earning power with growth capped deliberately low, which understates companies whose value is mostly future growth.
What is HRNNF's P/E ratio?
HRNNF trades at 26.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Hydro One Limited (HRNNF) pay a dividend?
Yes. Hydro One Limited yields 2.35% at the current share price. It has paid $0.754 per share over the trailing twelve months. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
Where does SteadyShares get its HRNNF data?
Fundamentals for HRNNF come from company filings and exchange data, as listed on PNK; institutional ownership comes from SEC 13F filings. The share price shown was last refreshed on 2 Oct 2026, 02:26 UTC and is delayed. Our data quality score for this company is 100/100, which is the share of the inputs behind our scores that were actually available rather than assumed. Metrics we do not hold are left out of the page rather than estimated.
The full research page for HRNNF, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.