H2O America (NASDAQ:HTO) Rating Increased to Hold at Wells Fargo & Company

H2O America (NASDAQ:HTO) was upgraded by analysts at Wells Fargo & Company to a “hold” rating in a research report issued on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on HTO. Weiss Ratings upgraded shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Barclays cut their price target on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Robert W. Baird initiated coverage on shares of H2O America in a report on Friday, March 13th. They issued an “outperform” rating and a $67.00 price target for the company. Zacks Research lowered shares of H2O America from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Finally, BTIG Research reaffirmed a “buy” rating and set a $61.00 target price on shares of H2O America in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, H2O America has a consensus rating of “Moderate Buy” and a consensus target price of $62.17.

H2O America Trading Down 0.2%

H2O America stock opened at $57.26 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.02 and a quick ratio of 2.02. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 6.41 and a beta of 0.35. H2O America has a one year low of $43.75 and a one year high of $61.87. The company’s fifty day moving average price is $58.09 and its two-hundred day moving average price is $52.87.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) 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 company had revenue of $183.29 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, analysts forecast that H2O America will post 2.7 earnings per share for the current fiscal year.

Insider Activity

In other H2O America news, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of the business’s stock in a transaction on Friday, April 10th. The shares were purchased at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the transaction, the insider directly owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. This represents a 1.11% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the stock in a transaction dated Friday, April 10th. The shares were purchased at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the purchase, the insider directly owned 4,582,469 shares in the company, valued at $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of HTO. US Bancorp DE acquired a new position in shares of H2O America during the 3rd quarter worth about $62,000. Intech Investment Management LLC bought a new stake in shares of H2O America during the 3rd quarter worth approximately $687,000. R Squared Ltd bought a new stake in shares of H2O America during the 3rd quarter worth approximately $243,000. Handelsbanken Fonder AB bought a new stake in shares of H2O America during the 3rd quarter worth approximately $514,000. Finally, Creative Financial Designs Inc. ADV bought a new stake in shares of H2O America during the 3rd quarter worth approximately $100,000. 84.29% of the stock is currently 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.