H2O America (NASDAQ:HTO) Reaches New 1-Year High – Here’s What Happened

H2O America (NASDAQ:HTO) shares reached a new 52-week high on Wednesday . The stock traded as high as $57.93 and last traded at $57.83, with a volume of 334149 shares traded. The stock had previously closed at $56.59.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. UBS Group set a $61.00 price objective on shares of H2O America in a research note on Friday, January 9th. Citigroup upgraded shares of H2O America to a “buy” rating in a report on Friday, January 9th. Barclays assumed coverage on shares of H2O America in a report on Monday, February 23rd. They set an “overweight” rating and a $61.00 price target on the stock. Finally, BTIG Research reaffirmed a “buy” rating and issued a $61.00 price objective on shares of H2O America in a research note on Tuesday. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $60.25.

H2O America Stock Up 2.9%

The stock has a market cap of $2.11 billion, a PE ratio of 19.95, a P/E/G ratio of 2.64 and a beta of 0.48. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.70. The business has a 50 day simple moving average of $52.44 and a 200 day simple moving average of $49.82.

H2O America (NASDAQ:HTO) last released its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 EPS for the quarter. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The firm had revenue of $194.19 million for the quarter, compared to the consensus estimate of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, equities research analysts forecast that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, February 9th. H2O America’s dividend payout ratio is currently 60.27%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in shares of H2O America in the fourth quarter worth about $133,834,000. Amundi bought a new stake in shares of H2O America in the 3rd quarter valued at approximately $105,965,000. Cerity Partners LLC acquired a new position in shares of H2O America in the 4th quarter worth approximately $70,830,000. First Trust Advisors LP acquired a new position in shares of H2O America in the 3rd quarter worth approximately $64,063,000. Finally, Nuance Investments LLC bought a new position in shares of H2O America during the 4th quarter worth approximately $44,420,000. 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.