H2O America (NASDAQ:HTO) Given Consensus Rating of “Hold” by Analysts

H2O America (NASDAQ:HTO) has been assigned a consensus rating of “Hold” from the four brokerages that are covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $56.50.

HTO has been the topic of a number of analyst reports. BTIG Research began coverage on shares of H2O America in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research note on Wednesday, October 8th.

H2O America Stock Up 0.5%

HTO stock opened at $49.25 on Friday. H2O America has a twelve month low of $43.75 and a twelve month 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 firm has a market cap of $1.76 billion, a PE ratio of 15.63, a price-to-earnings-growth ratio of 2.44 and a beta of 0.49. The business has a 50 day moving average of $47.67 and a 200 day moving average of $49.48.

H2O America (NASDAQ:HTO) last released its earnings results on Monday, October 27th. The utilities provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.17 by $0.10. H2O America had a return on equity of 7.87% and a net margin of 13.59%.The business had revenue of $240.55 million for the quarter, compared to the consensus estimate of $232.27 million. On average, research analysts forecast that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Investors of record on Monday, November 10th were given a $0.42 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.68 annualized dividend and a yield of 3.4%. H2O America’s dividend payout ratio is 53.33%.

Institutional Trading of H2O America

Institutional investors and hedge funds have recently modified their holdings of the business. Hughes Financial Services LLC bought a new position in shares of H2O America during the third quarter valued at $40,000. US Bancorp DE bought a new position in H2O America during the 3rd quarter valued at about $62,000. Creative Financial Designs Inc. ADV bought a new position in H2O America during the 3rd quarter valued at about $100,000. Allworth Financial LP purchased a new stake in shares of H2O America during the 3rd quarter valued at about $157,000. Finally, Mercer Global Advisors Inc. ADV bought a new stake in shares of H2O America in the third quarter worth approximately $203,000. Institutional investors 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.