H2O America (NASDAQ:HTO) Receives $63.33 Average Price Target from Analysts

Shares of H2O America (NASDAQ:HTO) have been given an average recommendation of “Moderate Buy” by the nine brokerages that are presently covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $65.6667.

Several research analysts recently issued reports on the company. Bank of America reaffirmed a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. BTIG Research set a $70.00 price target on H2O America in a research note on Wednesday. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Weiss Ratings raised H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, Barclays lifted their price objective on H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th.

Insider Activity at H2O America

In other news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of H2O America stock in a transaction dated Tuesday, July 7th. The shares were bought at an average cost of $62.03 per share, with a total value of $172,691.52. Following the purchase, the insider owned 4,615,265 shares in the company, valued at $286,284,887.95. This trade represents a 0.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Institutional Trading of H2O America

Institutional investors have recently bought and sold shares of the company. Quadrant Capital Group LLC raised its position in shares of H2O America by 194.9% in 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 boosted 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 in the last quarter. Bessemer Group Inc. boosted its position in shares of H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 204 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in H2O America during the fourth quarter worth approximately $40,000. Finally, IFP Advisors Inc grew its stake in H2O America by 139.8% during the fourth quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 569 shares during the period. Institutional investors own 84.29% of the company’s stock.

H2O America Trading Down 0.8%

Shares of NASDAQ HTO opened at $63.76 on Thursday. The firm has a 50 day moving average price of $59.94 and a two-hundred day moving average price of $57.43. The stock has a market cap of $2.67 billion, a P/E ratio of 22.53, a price-to-earnings-growth ratio of 6.62 and a beta of 0.35. H2O America has a 52-week low of $43.75 and a 52-week high of $67.09. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 1.67.

H2O America (NASDAQ:HTO) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The company had revenue of $210.47 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, equities analysts forecast that H2O America will post 3.13 EPS for the current year.

H2O America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th will be given a $0.44 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. H2O America’s payout ratio is 62.19%.

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.