Seaport Res Ptn Reduces Earnings Estimates for H2O America

H2O America (NASDAQ:HTO) – Analysts at Seaport Res Ptn dropped their FY2026 EPS estimates for H2O America in a research report issued on Monday, July 28th. Seaport Res Ptn analyst A. Storozynski now expects that the utilities provider will post earnings of $2.92 per share for the year, down from their previous forecast of $3.04. The consensus estimate for H2O America’s current full-year earnings is $2.75 per share. Seaport Res Ptn also issued estimates for H2O America’s FY2027 earnings at $2.90 EPS and FY2029 earnings at $4.02 EPS.

Several other analysts have also commented on the stock. Wall Street Zen initiated coverage on shares of H2O America in a research report on Thursday, May 22nd. They issued a “hold” rating on the stock. Wells Fargo & Company reduced their price objective on shares of H2O America from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Wednesday.

H2O America Stock Up 0.5%

HTO stock opened at $48.72 on Wednesday. The company’s 50 day simple moving average is $52.62 and its 200-day simple moving average is $52.19. The firm has a market capitalization of $1.67 billion, a PE ratio of 15.97, a P/E/G ratio of 2.49 and a beta of 0.53. H2O America has a 12 month low of $44.91 and a 12 month high of $61.97. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.66.

H2O America (NASDAQ:HTO) last released its quarterly earnings data on Monday, July 28th. The utilities provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. The firm had revenue of $198.26 million for the quarter, compared to the consensus estimate of $183.26 million. H2O America had a net margin of 13.03% and a return on equity of 7.67%.

H2O America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 2nd. Investors of record on Monday, August 11th will be paid a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 3.45%. The ex-dividend date is Monday, August 11th. H2O America’s dividend payout ratio (DPR) is 56.38%.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HTO. Quarry LP boosted its holdings in shares of H2O America by 123.4% in the 4th quarter. Quarry LP now owns 668 shares of the utilities provider’s stock valued at $33,000 after buying an additional 369 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of H2O America by 64.4% in the 4th quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider’s stock valued at $38,000 after buying an additional 300 shares during the period. Hughes Financial Services LLC acquired a new position in shares of H2O America in the 1st quarter valued at about $47,000. Sterling Capital Management LLC boosted its holdings in shares of H2O America by 842.0% in the 4th quarter. Sterling Capital Management LLC now owns 1,055 shares of the utilities provider’s stock valued at $52,000 after buying an additional 943 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of H2O America by 190.5% in the 1st quarter. GAMMA Investing LLC now owns 1,342 shares of the utilities provider’s stock valued at $73,000 after buying an additional 880 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

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.