Brokerages Set H2O America (NASDAQ:HTO) Target Price at $62.00

Shares of H2O America (NASDAQ:HTO) have earned an average rating of “Moderate Buy” from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $62.00.

A number of research analysts have recently weighed in on the company. Barclays raised their price target on H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Robert W. Baird began coverage on shares of H2O America in a research note on Friday, March 13th. They issued an “outperform” rating and a $67.00 price objective on the stock. Weiss Ratings restated a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. UBS Group set a $61.00 target price on shares of H2O America in a research report on Friday, January 9th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $61.00 price target on shares of H2O America in a report on Tuesday, March 3rd.

H2O America Stock Performance

HTO opened at $56.30 on Friday. H2O America has a 1-year low of $43.75 and a 1-year high of $59.00. The stock has a market cap of $2.04 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.91 and a beta of 0.48. The stock’s 50 day simple moving average is $54.46 and its 200 day simple moving average is $50.50. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.70.

H2O America (NASDAQ:HTO) last issued its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $194.19 million during the quarter, compared to analysts’ expectations of $195.73 million. H2O America had a return on equity of 7.08% and a net margin of 12.81%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, equities analysts anticipate that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were paid 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 yield of 3.1%. H2O America’s dividend payout ratio is presently 60.27%.

Hedge Funds Weigh In On H2O America

Several hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. acquired a new position in shares of H2O America in the fourth quarter worth $133,834,000. Amundi acquired a new stake in shares of H2O America during the third quarter valued at $105,965,000. Cerity Partners LLC purchased a new stake in H2O America during the 4th quarter worth about $70,830,000. First Trust Advisors LP purchased a new stake in H2O America during the 3rd quarter worth about $64,063,000. Finally, Nuance Investments LLC acquired a new position in H2O America in the 4th quarter valued at about $44,420,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.