H2O America (NASDAQ:HTO) Stock Rating Upgraded by BTIG Research

H2O America (NASDAQ:HTO) was upgraded by analysts at BTIG Research from a “neutral” rating to a “buy” rating in a report issued on Friday, MarketBeat.com reports. The brokerage presently has a $61.00 price target on the utilities provider’s stock. BTIG Research’s price objective points to a potential upside of 20.74% from the stock’s previous close.

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research note on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $58.00.

H2O America Price Performance

HTO stock opened at $50.52 on Friday. The firm has a market cap of $1.81 billion, a PE ratio of 16.04, a P/E/G ratio of 2.50 and a beta of 0.49. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.68. The firm has a 50 day simple moving average of $47.84 and a 200 day simple moving average of $49.45. H2O America has a 12 month low of $43.75 and a 12 month high of $57.17.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Monday, October 27th. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. H2O America had a net margin of 13.59% and a return on equity of 7.87%. The business had revenue of $240.55 million for the quarter, compared to analyst estimates of $232.27 million. Equities research analysts forecast that H2O America will post 2.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On H2O America

Hedge funds have recently made changes to their positions in the business. US Bancorp DE acquired a new position in H2O America during the third quarter worth $62,000. Intech Investment Management LLC acquired a new stake in shares of H2O America during the third quarter worth $687,000. R Squared Ltd acquired a new position in shares of H2O America in the 3rd quarter valued at $243,000. Handelsbanken Fonder AB acquired a new position in shares of H2O America in the 3rd quarter valued at approximately $514,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of H2O America in the third quarter valued at about $100,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.