H2O America (NASDAQ:HTO) Receives $63.33 Average PT from Brokerages

H2O America (NASDAQ:HTO) has been given a consensus rating of “Moderate Buy” by the nine analysts that are presently covering the stock, MarketBeat.com reports. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $64.3333.

HTO has been the topic of several recent research reports. Barclays upped their price target on H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. BTIG Research reissued a “buy” rating and issued a $67.00 target price on shares of H2O America in a research note on Thursday. TD Cowen assumed coverage on H2O America in a report on Thursday, April 16th. They set a “hold” rating and a $64.00 price target for the company. Finally, Wells Fargo & Company initiated coverage on H2O America in a research report on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price target for the company.

H2O America Trading Down 0.1%

NASDAQ:HTO opened at $63.84 on Thursday. The firm has a market capitalization of $2.67 billion, a P/E ratio of 21.86, a PEG ratio of 7.64 and a beta of 0.35. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.02 and a quick ratio of 2.02. H2O America has a one year low of $43.75 and a one year high of $66.05. The company’s 50-day simple moving average is $59.50 and its 200 day simple moving average is $57.10.

H2O America (NASDAQ:HTO) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. H2O America had a net margin of 12.87% and a return on equity of 6.76%. The business had revenue of $183.29 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, analysts forecast that H2O America will post 2.7 EPS for the current fiscal year.

H2O America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date was Monday, May 11th. H2O America’s dividend payout ratio (DPR) is currently 60.27%.

Insider Transactions at H2O America

In other news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average cost of $62.03 per share, with a total value of $172,691.52. Following the completion of the acquisition, the insider owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.

Institutional Investors Weigh In On H2O America

Several institutional investors and hedge funds have recently made changes to their positions in HTO. Vanguard Group Inc. bought a new position in H2O America in the 4th quarter valued at approximately $133,834,000. Amundi bought a new stake in shares of H2O America in the 3rd quarter worth $105,965,000. Cerity Partners LLC bought a new stake in shares of H2O America in the 4th quarter worth $70,830,000. Morgan Stanley raised its stake in shares of H2O America by 123.0% in the fourth quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock worth $67,027,000 after purchasing an additional 754,715 shares during the last quarter. Finally, State Street Corp raised its stake in shares of H2O America by 4.6% in the fourth quarter. State Street Corp now owns 1,359,773 shares of the utilities provider’s stock worth $66,615,000 after purchasing an additional 59,799 shares during the last quarter. 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.