H2O America (NASDAQ:HTO) Receives Average Recommendation of “Hold” from Brokerages

Shares of H2O America (NASDAQ:HTO) have been assigned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $60.00.

A number of equities analysts have weighed in on HTO shares. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. Citigroup raised shares of H2O America to a “buy” rating in a report on Friday, January 9th. UBS Group set a $61.00 price objective on shares of H2O America in a research report on Friday, January 9th. BTIG Research raised shares of H2O America from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research report on Friday, January 9th. Finally, Zacks Research lowered shares of H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd.

Institutional Investors Weigh In On H2O America

Large investors have recently made changes to their positions in the company. Hughes Financial Services LLC purchased a new stake in shares of H2O America during the 3rd quarter valued at about $40,000. Farther Finance Advisors LLC bought a new stake in H2O America during the fourth quarter valued at approximately $40,000. US Bancorp DE purchased a new stake in H2O America during the third quarter valued at approximately $62,000. Creative Financial Designs Inc. ADV bought a new position in H2O America in the third quarter worth approximately $100,000. Finally, GAMMA Investing LLC purchased a new position in shares of H2O America during the 4th quarter worth $121,000. 84.29% of the stock is currently owned by institutional investors.

H2O America Trading Up 0.4%

NASDAQ:HTO opened at $52.91 on Thursday. The company’s 50 day moving average price is $50.19 and its 200-day moving average price is $49.22. H2O America has a 52 week low of $43.75 and a 52 week high of $57.17. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.15. The stock has a market cap of $1.89 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 2.73 and a beta of 0.48.

H2O America Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be given a dividend of $0.44 per share. The ex-dividend date is Monday, February 9th. H2O America’s dividend payout ratio is 53.33%.

About H2O America

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.