H2O America (NASDAQ:HTO) Receives Average Rating of “Moderate Buy” from Analysts

Shares of H2O America (NASDAQ:HTO) have earned an average rating of “Moderate Buy” from the nine analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $62.1667.

A number of equities analysts have commented on the stock. Wall Street Zen cut shares of H2O America from a “hold” rating to a “sell” rating in a research note on Saturday. Barclays cut their price target on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. BTIG Research reissued a “buy” rating and issued a $61.00 price target on shares of H2O America in a research note on Tuesday, March 3rd. Wells Fargo & Company assumed coverage on shares of H2O America in a research note on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price target for the company. Finally, Weiss Ratings raised shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th.

Insiders Place Their Bets

In other H2O America news, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the purchase, the insider owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. This trade represents a 1.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of the business’s stock in a transaction dated Friday, April 10th. The stock was acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the purchase, the insider directly owned 4,582,469 shares in the company, valued at $270,640,619.14. This represents a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On H2O America

A number of institutional investors have recently made changes to their positions in HTO. Vanguard Group Inc. purchased a new stake in shares of H2O America in the 4th quarter valued at $133,834,000. Amundi purchased a new stake in shares of H2O America in the 3rd quarter valued at $105,965,000. Cerity Partners LLC purchased a new stake in shares of H2O America in the 4th quarter valued at $70,830,000. First Trust Advisors LP purchased a new stake in shares of H2O America in the 3rd quarter valued at $64,063,000. Finally, Nuance Investments LLC purchased a new stake in shares of H2O America in the 4th quarter valued at $44,420,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

H2O America Price Performance

HTO stock opened at $57.65 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.02 and a quick ratio of 2.02. H2O America has a one year low of $43.75 and a one year high of $61.87. The stock has a market cap of $2.41 billion, a PE ratio of 19.74, a P/E/G ratio of 6.37 and a beta of 0.35. The firm has a 50 day simple moving average of $58.02 and a two-hundred day simple moving average of $53.77.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. H2O America had a net margin of 12.87% and a return on equity of 6.76%. The business had revenue of $183.29 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, analysts predict that H2O America will post 2.7 EPS for the current fiscal year.

H2O America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. H2O America’s dividend payout ratio is 60.27%.

H2O America Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.