Barclays Begins Coverage on H2O America (NASDAQ:HTO)

Analysts at Barclays began coverage on shares of H2O America (NASDAQ:HTO) in a report issued on Monday, Marketbeat reports. The firm set an “overweight” rating and a $61.00 price target on the utilities provider’s stock. Barclays‘s price objective points to a potential upside of 11.23% from the company’s current price.

A number of other research analysts have also recently commented on the company. Zacks Research downgraded H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Citigroup raised shares of H2O America to a “buy” rating in a report on Friday, January 9th. UBS Group set a $61.00 target price on shares of H2O America in a research report on Friday, January 9th. BTIG Research raised shares of H2O America from a “neutral” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.25.

H2O America Trading Down 0.7%

Shares of H2O America stock opened at $54.84 on Monday. The company has a market capitalization of $1.96 billion, a P/E ratio of 17.41, a P/E/G ratio of 2.86 and a beta of 0.48. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.68 and a current ratio of 0.68. The company has a fifty day moving average of $51.92 and a 200 day moving average of $49.65. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $57.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in HTO. Quadrant Capital Group LLC grew its position in H2O America by 194.9% in the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock worth $26,000 after acquiring an additional 347 shares in the last quarter. Parallel Advisors LLC lifted its stake in shares of H2O America by 1,020.8% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 541 shares during the last quarter. Hughes Financial Services LLC purchased a new position in shares of H2O America in the 3rd quarter worth approximately $40,000. Farther Finance Advisors LLC bought a new position in shares of H2O America during the 4th quarter valued at approximately $40,000. Finally, IFP Advisors Inc increased its position in shares of H2O America by 139.8% during the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 569 shares during the last quarter. 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.