H2O America (NASDAQ:HTO) Receives $56.50 Average Price Target from Analysts

H2O America (NASDAQ:HTO) has earned a consensus recommendation of “Hold” from the four ratings firms that are covering the stock, MarketBeat reports. Three research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $56.50.

Several research analysts have commented on the company. BTIG Research assumed coverage on H2O America in a research note on Tuesday. They set a “neutral” rating for the company. Wells Fargo & Company lowered their target price on H2O America from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research note on Wednesday, October 8th.

Institutional Trading of H2O America

Hedge funds and other institutional investors have recently made changes to their positions in the company. Teacher Retirement System of Texas bought a new stake in shares of H2O America during the first quarter worth about $252,000. Principal Financial Group Inc. grew its holdings in shares of H2O America by 2.7% during the first quarter. Principal Financial Group Inc. now owns 150,907 shares of the utilities provider’s stock worth $8,253,000 after purchasing an additional 3,993 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of H2O America by 101.8% during the first quarter. Victory Capital Management Inc. now owns 335,164 shares of the utilities provider’s stock worth $18,330,000 after purchasing an additional 169,038 shares during the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of H2O America by 1,869.7% during the first quarter. Mutual of America Capital Management LLC now owns 90,272 shares of the utilities provider’s stock worth $4,937,000 after purchasing an additional 85,689 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in H2O America by 6.8% in the first quarter. Bank of New York Mellon Corp now owns 349,823 shares of the utilities provider’s stock valued at $19,132,000 after acquiring an additional 22,234 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

H2O America Stock Up 0.8%

HTO stock opened at $50.74 on Tuesday. The company has a market cap of $1.79 billion, a PE ratio of 16.64, a price-to-earnings-growth ratio of 2.58 and a beta of 0.53. The business has a 50-day simple moving average of $49.22 and a 200 day simple moving average of $51.25. H2O America has a 52 week low of $44.91 and a 52 week high of $58.91. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 1.15.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Monday, July 28th. The utilities provider reported $0.75 EPS for the quarter, beating analysts’ consensus estimates of $0.71 by $0.04. The business had revenue of $198.26 million during the quarter, compared to the consensus estimate of $183.26 million. H2O America had a return on equity of 7.67% and a net margin of 13.03%. Sell-side analysts anticipate that H2O America will post 2.75 EPS for the current fiscal year.

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.