H2O America (NASDAQ:HTO) Reaches New 1-Year High – Here’s What Happened

H2O America (NASDAQ:HTO)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $57.93 and last traded at $57.83, with a volume of 334149 shares changing hands. The stock had previously closed at $56.59.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on HTO shares. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. BTIG Research reissued a “buy” rating and issued a $61.00 price target on shares of H2O America in a report on Tuesday. Zacks Research lowered H2O America from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. UBS Group set a $61.00 price objective on H2O America in a research note on Friday, January 9th. Finally, Citigroup upgraded H2O America to a “buy” rating in a research note on Friday, January 9th. Three equities research 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. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $60.25.

H2O America Stock Performance

The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 2.64 and a beta of 0.48. The company’s 50 day simple moving average is $52.44 and its 200 day simple moving average is $49.82. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70.

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

H2O America Dividend Announcement

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 $0.44 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. H2O America’s dividend payout ratio is 60.27%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HTO. Vanguard Group Inc. acquired a new stake in H2O America in the 4th quarter valued at about $133,834,000. Amundi bought a new stake in shares of H2O America in the 3rd quarter worth approximately $105,965,000. Cerity Partners LLC acquired a new stake in H2O America during the fourth quarter valued at approximately $70,830,000. Morgan Stanley boosted its holdings in H2O America by 123.0% during the fourth quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock worth $67,027,000 after buying an additional 754,715 shares in the last quarter. Finally, State Street Corp grew its position in 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 buying an additional 59,799 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

H2O America Company Profile

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.