H.TO
Hydro One Limited
TorontoCADEQUITY
Utilities
DELAYED
Last price
53.25
▼ 1.85 (3.36%)
MARKET · —
Price
Chart style
Interval
Intraday intervals only cover recent history. The site picks the finest interval the range allows.
Overlays
Session levels
Lower pane
Tool
Drag pan · Pinch zoom · Hold crosshair · pick a tool then drag to draw
Open
55.13
Prev close
55.10
Day high
55.13
Day low
53.16
Volume
1.80M
Market cap
$31.96B
P/E (TTM)
22.56
52W range
48.22 – 60.57
Day trading desk
Gap from prior close
+0.05%
Prior close 55.10
VWAP
53.41
-0.29% from price
Relative volume
1.94×
Unusually busy
Session range
3.71%
53.16 – 55.13
Position in range
5%
Near session low
ATR (14D)
1.18
2.22% of price
Prior day high
55.24
PDH
Prior day low
54.62
PDL
Bid / ask spread
—
Quote not published
Session volume
2.72M
Avg 1.40M
VWAP and the session figures are computed from the delayed intraday series on this page, so they lag the live tape and will not match a broker's real-time VWAP exactly. Turn on Prior day H/L/C, Opening range and Volume profile in the chart's Studies menu to see these levels drawn on price.
Trailing performance
Returnvs SPY
1W
-5.62%
-4.3%
1M
-10.61%
-14.3%
3M
-10.01%
-13.1%
6M
-6.03%
-17.1%
YTD
-2.54%
-14.8%
1Y
+4.56%
-15.4%
3Y
+45.69%
-28.5%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on H.TO open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
0
Net selling
Buy transactions
0
0 shares
Sell transactions
0
—
Net transactions
0
Buys less sells
Sell : buy shares
—
Not enough filings
Insider-held shares
282.44M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Mar 31, 26 | Mowbray (Stacey) Director of Issuer |
BUY | 300 | $12.41K | Direct |
| Dec 31, 25 | French (Teri) Senior Officer of Issuer |
BUY | 24 | $863 | Direct |
| Dec 31, 25 | Leberter (David Leonard) Senior Officer of Issuer |
BUY | 161 | $5.63K | Direct |
| Dec 31, 25 | Leberter (David Leonard) Senior Officer of Issuer |
BUY | 1.37K | $49.17K | Direct |
| Dec 31, 25 | McKenzie (Renee Dione) Senior Officer of Issuer |
BUY | 6 | $215 | Direct |
| Dec 31, 25 | McKenzie (Renee Dione) Senior Officer of Issuer |
BUY | 728 | $26.43K | Direct |
| Dec 31, 25 | Taylor, Henry Park Senior Officer of Issuer |
BUY | 7 | $251 | Direct |
| Dec 31, 25 | Taylor, Henry Park Senior Officer of Issuer |
BUY | 852 | $30.78K | Direct |
| Dec 31, 25 | Telford (Megan Elizabeth) Senior Officer of Issuer |
BUY | 115 | $4.02K | Direct |
| Dec 31, 25 | Telford (Megan Elizabeth) Senior Officer of Issuer |
BUY | 908 | $32.66K | Direct |
| Dec 31, 25 | Whitebread (Gillian) Senior Officer of Issuer |
BUY | 139 | $5.32K | Direct |
| Dec 12, 25 | French (Teri) Senior Officer of Issuer |
— | 0 | — | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
French (Teri) |
Senior Officer of Issuer | 2.25K | Acquisition or disposition under a purchase/ownership plan |
Leberter (David Leonard) |
Senior Officer of Issuer | 5.61K | Acquisition or disposition under a purchase/ownership plan |
McKenzie (Renee Dione) |
Senior Officer of Issuer | 6 | Acquisition or disposition under a purchase/ownership plan |
Mowbray (Stacey) |
Director of Issuer | 1.00K | Acquisition or disposition in the public market |
Taylor, Henry Park |
Senior Officer of Issuer | 7 | Acquisition or disposition under a purchase/ownership plan |
Telford (Megan Elizabeth) |
Senior Officer of Issuer | 4.04K | Acquisition or disposition under a purchase/ownership plan |
Whitebread (Gillian) |
Senior Officer of Issuer | 139 | Acquisition or disposition under a purchase/ownership plan |
Fundamentals
Market cap$31.96B
Enterprise value$51.53B
Revenue (TTM)$9.52B
Gross profit$3.44B
EBITDA$3.32B
Net income$1.42B
EPS (TTM)$2.36
Free cash flow$-1.33B
Total cash$643.00M
Total debt$20.09B
Book value / share$21.41
Shares outstanding600.10M
Float600.07M
Short % of float—
Dividend yield2.65%
Beta (5Y)0.40
Valuation & profitability ratios
Trailing P/E22.56
Forward P/E22.31
PEG ratio3.35
Price / sales—
Price / book2.49
EV / revenue5.41
EV / EBITDA15.50
Gross margin36.16%
Operating margin26.93%
Profit margin14.87%
Return on equity11.15%
Return on assets3.69%
Debt / equity153.16
Current ratio0.88
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $9.04B | $8.48B | $7.84B | $7.78B | +6.6% |
| Operating revenue | $8.99B | $8.44B | $7.80B | $7.74B | +6.4% |
| Cost of revenue | $5.69B | $5.45B | $5.01B | $4.98B | +4.4% |
| Gross profit | $3.35B | $3.03B | $2.84B | $2.80B | +10.4% |
| Total operating expense | $963.00M | $909.00M | $852.00M | $759.00M | +5.9% |
| Operating income | $2.39B | $2.12B | $1.99B | $2.04B | +12.3% |
| Net interest income | -$675.00M | -$625.00M | -$572.00M | -$489.00M | -8.0% |
| Pre-tax income | $1.57B | $1.35B | $1.27B | $1.35B | +16.5% |
| Tax provision | $219.00M | $181.00M | $178.00M | $288.00M | +21.0% |
| Net income | $1.34B | $1.16B | $1.08B | $1.05B | +15.8% |
| Net income to common | $1.34B | $1.16B | $1.08B | $1.05B | +15.8% |
| Basic EPS | 2.23 | 1.93 | 1.81 | 1.75 | +15.5% |
| Diluted EPS | 2.23 | 1.92 | 1.81 | 1.75 | +16.1% |
| EBIT | $2.24B | $1.98B | $1.84B | $1.82B | +13.4% |
| EBITDA | $3.20B | $2.89B | $2.69B | $2.62B | +11.0% |
| Basic shares | 599.69M | 599.34M | 598.99M | 598.62M | +0.1% |
| Diluted shares | 600.71M | 600.66M | 600.53M | 600.59M | +0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $549.00M | $716.00M | $79.00M | $530.00M | -23.3% |
| Cash & short-term investments | $549.00M | $716.00M | $79.00M | $530.00M | -23.3% |
| Accounts receivable | $467.00M | $433.00M | $405.00M | $357.00M | +7.9% |
| Inventory | $31.00M | $29.00M | $35.00M | $25.00M | +6.9% |
| Total current assets | $2.17B | $2.12B | $1.35B | $1.86B | +2.7% |
| Property, plant & equipment | $31.50B | $29.15B | $26.92B | $25.13B | +8.1% |
| Goodwill & intangibles | $1.03B | $1.03B | $1.03B | $981.00M | -0.2% |
| Total assets | $39.67B | $36.68B | $32.85B | $31.46B | +8.1% |
| Total current liabilities | $3.59B | $3.50B | $2.72B | $3.65B | +2.5% |
| Current debt | $1.02B | $1.35B | $979.00M | $2.11B | -24.1% |
| Long-term debt | $18.09B | $16.33B | $14.71B | $13.03B | +10.8% |
| Total debt | $19.16B | $17.73B | $15.74B | $15.19B | +8.0% |
| Total liabilities | $26.93B | $24.51B | $21.09B | $20.07B | +9.9% |
| Retained earnings | $6.91B | $6.36B | $5.95B | $5.56B | +8.7% |
| Shareholder equity | $12.65B | $12.09B | $11.68B | $11.31B | +4.6% |
| Working capital | -$1.42B | -$1.38B | -$1.37B | -$1.79B | -2.3% |
| Net tangible assets | $11.62B | $11.05B | $10.65B | $10.32B | +5.1% |
| Shares issued | 599.78M | 599.44M | 599.08M | 598.71M | +0.1% |
| Line item | 2025 | 2024 | 2023 | 2022 | 2021 | YoY |
|---|---|---|---|---|---|---|
| Net income | $1.35B | $1.17B | $1.09B | $1.06B | — | +15.8% |
| Depreciation & amortisation | $963.00M | $909.00M | $852.00M | $798.00M | — | +5.9% |
| Change in working capital | $53.00M | $249.00M | $252.00M | $61.00M | — | -78.7% |
| Operating cash flow | $2.69B | $2.53B | $2.41B | $2.26B | — | +6.4% |
| Capital expenditure | -$3.05B | -$2.81B | -$2.48B | -$2.09B | — | -8.6% |
| Investing cash flow | -$3.51B | -$3.13B | -$2.69B | -$2.07B | — | -12.3% |
| Share buybacks | — | — | — | — | $0 | — |
| Dividends paid | -$788.00M | -$743.00M | -$700.00M | -$662.00M | — | -6.1% |
| Financing cash flow | $652.00M | $1.23B | -$172.00M | -$197.00M | — | -47.1% |
| Free cash flow | -$355.00M | -$274.00M | -$64.00M | $174.00M | — | -29.6% |
| End cash position | $549.00M | $716.00M | $79.00M | $530.00M | — | -23.3% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $2.65B | $2.27B | $2.30B | $2.07B | $2.41B | +16.8% |
| Operating revenue | $2.63B | $2.25B | $2.29B | $2.06B | $2.40B | +17.2% |
| Cost of revenue | $1.75B | $1.54B | $1.38B | $1.22B | $1.55B | +13.5% |
| Gross profit | $895.00M | $723.00M | $923.00M | $847.00M | $856.00M | +23.8% |
| Total operating expense | $249.00M | $256.00M | $243.00M | $232.00M | $232.00M | -2.7% |
| Operating income | $646.00M | $467.00M | $680.00M | $615.00M | $624.00M | +38.3% |
| Net interest income | -$174.00M | -$174.00M | -$171.00M | -$168.00M | -$162.00M | 0.0% |
| Pre-tax income | $435.00M | $264.00M | $485.00M | $390.00M | $429.00M | +64.8% |
| Tax provision | $41.00M | $30.00M | $60.00M | $61.00M | $68.00M | +36.7% |
| Net income | $391.00M | $233.00M | $421.00M | $327.00M | $358.00M | +67.8% |
| Net income to common | $391.00M | $233.00M | $421.00M | $327.00M | $358.00M | +67.8% |
| Basic EPS | 0.65 | — | 0.70 | 0.54 | 0.60 | — |
| Diluted EPS | 0.65 | — | 0.70 | 0.54 | 0.60 | — |
| EBIT | $608.00M | $438.00M | $654.00M | $556.00M | $593.00M | +38.8% |
| EBITDA | $857.00M | $694.00M | $897.00M | $788.00M | $825.00M | +23.5% |
| Basic shares | 599.78M | — | 599.78M | 599.77M | 599.44M | — |
| Diluted shares | 600.67M | — | 600.69M | 600.85M | 600.65M | — |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $37.00M | $549.00M | $412.00M | $71.00M | $123.00M | -93.3% |
| Cash & short-term investments | $37.00M | $549.00M | $412.00M | $71.00M | $123.00M | -93.3% |
| Accounts receivable | $552.00M | $467.00M | $543.00M | $516.00M | $520.00M | +18.2% |
| Inventory | $29.00M | $31.00M | $30.00M | $33.00M | $30.00M | -6.5% |
| Total current assets | $1.71B | $2.17B | $1.86B | $1.58B | $1.63B | -21.5% |
| Property, plant & equipment | $31.95B | $31.50B | $30.83B | $30.32B | $29.66B | +1.4% |
| Goodwill & intangibles | $1.02B | $1.03B | $1.03B | $1.02B | $1.04B | -1.5% |
| Total assets | $39.72B | $39.67B | $38.77B | $37.81B | $37.09B | +0.1% |
| Total current liabilities | $3.18B | $3.59B | $4.19B | $4.37B | $3.99B | -11.4% |
| Current debt | $1.02B | $1.02B | $2.26B | $2.27B | $1.91B | -0.1% |
| Long-term debt | $18.09B | $18.09B | $16.50B | $15.83B | $15.83B | +0.0% |
| Total debt | $19.16B | $19.16B | $18.80B | $18.15B | $17.79B | -0.0% |
| Total liabilities | $26.76B | $26.93B | $26.05B | $25.33B | $24.75B | -0.6% |
| Retained earnings | $7.10B | $6.91B | $6.88B | $6.66B | $6.53B | +2.8% |
| Shareholder equity | $12.84B | $12.65B | $12.61B | $12.39B | $12.26B | +1.5% |
| Working capital | -$1.48B | -$1.42B | -$2.33B | -$2.78B | -$2.36B | -4.2% |
| Net tangible assets | $11.82B | $11.62B | $11.58B | $11.37B | $11.22B | +1.8% |
| Shares issued | 599.78M | 599.78M | 599.78M | 599.78M | 599.44M | 0.0% |
| Line item | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | YoY |
|---|---|---|---|---|---|---|
| Net income | $394.00M | $234.00M | $425.00M | $329.00M | $361.00M | +68.4% |
| Depreciation & amortisation | $249.00M | $256.00M | $243.00M | $232.00M | $232.00M | -2.7% |
| Change in working capital | -$314.00M | $214.00M | $31.00M | -$14.00M | -$178.00M | -246.7% |
| Operating cash flow | $394.00M | $867.00M | $713.00M | $605.00M | $510.00M | -54.6% |
| Capital expenditure | -$699.00M | -$830.00M | -$783.00M | -$794.00M | -$643.00M | +15.8% |
| Investing cash flow | -$727.00M | -$887.00M | -$830.00M | -$827.00M | -$970.00M | +18.0% |
| Dividends paid | -$200.00M | -$200.00M | -$200.00M | -$200.00M | -$188.00M | 0.0% |
| Financing cash flow | -$179.00M | $157.00M | $458.00M | $170.00M | -$133.00M | -214.0% |
| Free cash flow | -$305.00M | $37.00M | -$70.00M | -$189.00M | -$133.00M | -924.3% |
| End cash position | $37.00M | $549.00M | $412.00M | $71.00M | $123.00M | -93.3% |
Options analytics
Put / call volume
—
—
Put / call open interest
—
Positioning, not flow
Max pain
—
—
ATM implied vol
—
Nearest strike to spot
Skew (10% OTM)
—
—
Call volume
0
Contracts, this expiry
Put volume
0
Contracts, this expiry
Heaviest call OI
—
—
Heaviest put OI
—
—
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.57 | 0.62 | +7.9% |
| Dec 2025 | 0.37 | 0.39 | +6.3% |
| Sep 2025 | 0.67 | 0.70 | +5.3% |
| Jun 2025 | 0.52 | 0.54 | +3.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.57 | 11 | $2.36B | +2.6% |
| Next quarter | 0.69 | 9 | $2.32B | +2.4% |
| Current year | 2.32 | 12 | $9.51B | +5.2% |
| Next year | 2.39 | 12 | $9.79B | +3.0% |
Analyst targets & ownership
Mean target$57.52
High target$61.00
Low target$47.00
Implied upside8.02%
Analyst count13
ConsensusHOLD
Strong buy / Buy2 / 0
Hold8
Sell / Strong sell2 / 1
Held by insiders47.07%
Held by institutions25.97%
Institutions holding310
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
55.51
-4.07% from price
SMA 20
56.90
-6.42% from price
SMA 50
57.70
-7.71% from price
SMA 100
57.88
-8.00% from price
SMA 200
56.46
-5.69% from price
EMA 12
55.72
-4.43% from price
EMA 26
56.73
-6.14% from price
EMA 50
57.31
-7.08% from price
RSI (14)
28.1
Oversold
MACD (12,26,9)
-1.01
Hist -0.31
ATR (14)
1.18
2.22% of price
Realised vol 30D
19.1%
Annualised
Bollinger upper
60.48
20, 2σ
Bollinger lower
53.33
20, 2σ
50 / 200 cross
Golden
57.70 vs 56.46
Trend bias
Below 200
-5.69%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
-0.16
Less volatile than market
Correlation to SPY
-0.14
Largely independent
Realised vol 30D
19.1%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-11.5%
Peak to trough
Max drawdown 5Y
-18.4%
Peak to trough
ATR 14
1.18
2.22% of price
Beta (reported)
0.40
5Y monthly, from filing
Short interest
Shares short
7.63M
Prior 7.35M
Change vs prior
+3.8%
Shorts adding
% of float
—
—
% of shares out
1.17%
Against total outstanding
Days to cover
6.3
Crowded exit
Float
600.07M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Dividends & splits
Forward rate$1.41 / yr
Forward yield2.65%
5-year avg yield2.86%
Payout ratio57.31%
Ex-dividend dateSep 9, 2026
Next pay dateSep 29, 2026
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
6-K · 2026-08-12
Corporate Changes & Voting Matters
6-K · 2026-06-12
Corporate Changes & Voting Matters
6-K · 2026-06-10
Corporate Changes & Voting Matters
6-K · 2026-06-01
Corporate Changes & Voting Matters
6-K · 2026-05-27
Voluntary supplemental material filed pursuant to Section 11(a) of the Securities Act of 1933 by foreign issuers
SUPPL · 2026-05-22
Corporate Changes & Voting Matters
6-K · 2026-05-21
Corporate Changes & Voting Matters
6-K · 2026-05-20
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.