H2O America (NASDAQ:HTO) Raised to Hold at Wall Street Zen

H2O America (NASDAQ:HTO) was upgraded by investment analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report issued on Sunday.

A number of other equities research analysts also recently commented on HTO. Barclays boosted their target price on H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 15th. Bank of America reaffirmed a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Robert W. Baird increased their target price on H2O America from $67.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of H2O America in a research report on Monday, August 3rd. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $65.67.

H2O America Stock Down 1.0%

Shares of HTO stock opened at $63.21 on Friday. The stock has a market cap of $2.65 billion, a P/E ratio of 22.34, a PEG ratio of 7.36 and a beta of 0.34. H2O America has a 52 week low of $43.75 and a 52 week high of $67.09. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02. The company’s fifty day simple moving average is $61.21 and its two-hundred day simple moving average is $58.30.

H2O America (NASDAQ:HTO) last released its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. The business had revenue of $210.47 million during the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts predict that H2O America will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the completion of the transaction, the insider owned 4,615,265 shares in the company, valued at approximately $286,284,887.95. The trade was a 0.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On H2O America

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio purchased a new position in shares of H2O America in the 2nd quarter worth approximately $37,000. Corient Private Wealth LP purchased a new stake in H2O America during the 2nd quarter valued at $1,805,000. Bank of America Corp DE purchased a new stake in H2O America during the 2nd quarter valued at $10,756,000. Gallagher Fiduciary Advisors LLC purchased a new stake in H2O America during the 2nd quarter valued at $446,000. Finally, Man Group plc bought a new stake in H2O America in the second quarter worth $1,594,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

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.