H2O America (NASDAQ:HTO) Upgraded to Hold at Wall Street Zen

Wall Street Zen upgraded shares of H2O America (NASDAQ:HTO) from a sell rating to a hold rating in a research report sent to investors on Sunday.

A number of other analysts have also recently weighed in on the stock. Zacks Research raised shares of H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Barclays raised their price target on shares of H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of H2O America in a report on Monday, August 3rd. Bank of America reiterated a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Finally, Seaport Research Partners reissued a “buy” rating and issued a $67.00 target price on shares of H2O America in a report on Wednesday. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $65.67.

H2O America Price Performance

HTO opened at $63.85 on Friday. The company has a market capitalization of $2.67 billion, a P/E ratio of 22.56, a P/E/G ratio of 7.36 and a beta of 0.34. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. The firm’s fifty day moving average price is $61.07 and its two-hundred day moving average price is $58.22. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $67.09.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $210.47 million during the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, analysts anticipate that H2O America will post 2.8 EPS for the current year.

H2O America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be given a dividend of $0.44 per share. 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 dividend payout ratio (DPR) is 62.19%.

Insider Transactions at H2O America

In other news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $62.03 per share, with a total value of $172,691.52. Following the acquisition, the insider directly owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.52% of the stock is owned by corporate insiders.

Institutional Trading of H2O America

Several large investors have recently added to or reduced their stakes in HTO. Quadrant Capital Group LLC raised its stake in shares of H2O America by 194.9% in the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 347 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of H2O America by 1,020.8% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock worth $29,000 after acquiring an additional 541 shares in the last quarter. Bessemer Group Inc. grew its position in H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 204 shares during the last quarter. Allworth Financial LP bought a new stake in H2O America during the 2nd quarter worth approximately $42,000. Finally, Farther Finance Advisors LLC bought a new stake in H2O America during the 4th quarter worth approximately $40,000. 84.29% of the stock is owned by institutional investors.

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.