H2O America (NASDAQ:HTO) Upgraded at Zacks Research

Zacks Research upgraded shares of H2O America (NASDAQ:HTO) from a strong sell rating to a hold rating in a research note published on Monday,Zacks.com reports.

A number of other research analysts have also weighed in on HTO. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. UBS Group set a $61.00 price objective on shares of H2O America in a report on Friday, January 9th. Citigroup raised shares of H2O America to a “buy” rating in a research report on Friday, January 9th. Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Finally, BTIG Research restated a “buy” rating and issued a $61.00 price target on shares of H2O America in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, H2O America currently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

H2O America Stock Down 1.8%

NASDAQ:HTO opened at $57.00 on Monday. H2O America has a 1 year low of $43.75 and a 1 year high of $59.00. The stock has a 50-day moving average price of $54.25 and a two-hundred day moving average price of $50.39. The stock has a market cap of $2.06 billion, a price-to-earnings ratio of 19.52, a PEG ratio of 3.00 and a beta of 0.48. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.21.

H2O America (NASDAQ:HTO) last released its quarterly earnings results 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 company had revenue of $194.19 million for the quarter, compared to analyst estimates of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, equities analysts expect that H2O America will post 2.75 earnings per share for the current year.

H2O America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. H2O America’s payout ratio is currently 60.27%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC grew its stake in H2O America by 194.9% in the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 347 shares in the last quarter. Parallel Advisors LLC increased its position in shares of H2O America by 1,020.8% during the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 541 shares during the last quarter. Farther Finance Advisors LLC bought a new stake in shares of H2O America during the 4th quarter worth approximately $40,000. Hughes Financial Services LLC bought a new stake in shares of H2O America during the 3rd quarter worth approximately $40,000. Finally, IFP Advisors Inc boosted its holdings in shares of H2O America by 139.8% in the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock valued at $48,000 after buying an additional 569 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

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.