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

Shares of H2O America (NASDAQ:HTO) have earned an average rating of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat reports. Four analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $61.8333.

A number of research firms have issued reports on HTO. Barclays reduced their price objective on H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. UBS Group set a $61.00 price objective on H2O America in a report on Friday, January 9th. Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Robert W. Baird assumed coverage on H2O America in a report on Friday, March 13th. They set an “outperform” rating and a $67.00 price objective on the stock. Finally, TD Cowen set a $64.00 price objective on H2O America and gave the stock a “hold” rating in a report on Thursday.

H2O America Stock Up 2.1%

NASDAQ HTO opened at $59.42 on Tuesday. The stock’s 50 day moving average is $56.62 and its 200 day moving average is $51.70. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.21. H2O America has a 12 month low of $43.75 and a 12 month high of $60.18. The stock has a market cap of $2.49 billion, a PE ratio of 20.35, a P/E/G ratio of 3.01 and a beta of 0.42.

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

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, February 9th. H2O America’s dividend payout ratio is 60.27%.

Insider Activity

In other news, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the acquisition, the insider directly owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.38% of the stock is owned by company insiders.

Institutional Trading of H2O America

Hedge funds have recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of H2O America by 194.9% during the 4th 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 increased its position in shares of H2O America by 1,020.8% during 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 bought a new position in shares of H2O America during the 3rd quarter valued at 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. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.