H2O America (NASDAQ:HTO) Coverage Initiated at Robert W. Baird

Equities researchers at Robert W. Baird initiated coverage on shares of H2O America (NASDAQ:HTO) in a report issued on Friday, MarketBeat.com reports. The brokerage set an “outperform” rating and a $67.00 price target on the utilities provider’s stock. Robert W. Baird’s target price would suggest a potential upside of 13.69% from the company’s current price.

A number of other brokerages have also weighed in on HTO. Citigroup raised shares of H2O America to a “buy” rating in a research note on Friday, January 9th. Zacks Research lowered shares of H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Barclays boosted their target price on H2O America from $61.00 to $63.00 and gave the stock an “overweight” rating in a report on Monday, March 9th. Wall Street Zen downgraded H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, UBS Group set a $61.00 price target on H2O America in a research note on Friday, January 9th. Four analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $62.00.

H2O America Price Performance

Shares of NASDAQ HTO opened at $58.93 on Friday. The stock has a market cap of $2.13 billion, a P/E ratio of 20.18, a P/E/G ratio of 3.05 and a beta of 0.48. The firm’s 50-day simple moving average is $53.80 and its 200 day simple moving average is $50.24. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $58.99. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.21.

H2O America (NASDAQ:HTO) last announced its earnings results 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 analyst estimates of $195.73 million. H2O America had a net margin of 12.81% and a return on equity of 7.08%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities analysts expect that H2O America will post 2.75 EPS for the current year.

Institutional Trading of H2O America

Several institutional investors and hedge funds have recently added to or reduced their stakes in HTO. Quadrant Capital Group LLC boosted its holdings in H2O America by 194.9% during the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock worth $26,000 after buying an additional 347 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of H2O America by 1,020.8% in the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after buying an additional 541 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of H2O America in the third quarter valued at $40,000. Farther Finance Advisors LLC acquired a new stake in shares of H2O America during the 4th quarter valued at $40,000. Finally, IFP Advisors Inc lifted 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 acquiring an additional 569 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

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.