H2O America (NASDAQ:HTO) Declares $0.42 Quarterly Dividend

H2O America (NASDAQ:HTO) announced a quarterly dividend on Friday, October 24th, NASDAQ Dividends reports. Shareholders of record on Monday, November 10th will be given a dividend of 0.42 per share by the utilities provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Monday, November 10th.

H2O America has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 57 years. H2O America has a dividend payout ratio of 53.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect H2O America to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 56.9%.

H2O America Stock Performance

Shares of HTO traded up $0.37 during midday trading on Friday, reaching $47.67. 237,916 shares of the stock were exchanged, compared to its average volume of 266,298. H2O America has a twelve month low of $44.91 and a twelve month high of $57.17. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.64. The company has a market capitalization of $1.71 billion, a price-to-earnings ratio of 15.13, a PEG ratio of 2.39 and a beta of 0.54. The business’s 50-day moving average price is $48.69 and its 200 day moving average price is $51.01.

H2O America (NASDAQ:HTO) last announced its earnings results on Monday, October 27th. The utilities provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The firm had revenue of $240.55 million during the quarter, compared to analysts’ expectations of $232.27 million. H2O America had a return on equity of 7.87% and a net margin of 13.59%. On average, sell-side analysts expect that H2O America will post 2.75 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a report on Wednesday, October 8th. BTIG Research assumed coverage on shares of H2O America in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. Finally, Wells Fargo & Company decreased their target price on shares of H2O America from $60.00 to $58.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 30th. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, H2O America presently has a consensus rating of “Hold” and an average target price of $56.50.

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.