Analysts Set H2O America (NASDAQ:HTO) PT at $61.83

Shares of H2O America (NASDAQ:HTO) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $62.1667.

Several analysts have weighed in on the company. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. Zacks Research downgraded H2O America from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Barclays lowered their price objective on H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. Bank of America reiterated a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. Finally, BTIG Research reiterated a “buy” rating and issued a $61.00 price objective on shares of H2O America in a research report on Tuesday, March 3rd.

H2O America Stock Performance

NASDAQ:HTO opened at $55.24 on Friday. The business has a 50 day moving average of $58.06 and a 200 day moving average of $52.96. The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 18.92, a PEG ratio of 6.24 and a beta of 0.35. H2O America has a 1-year low of $43.75 and a 1-year high of $61.87. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.02 and a quick ratio of 2.02.

H2O America (NASDAQ:HTO) last released its earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $183.29 million during the quarter. H2O America had a return on equity of 6.76% and a net margin of 12.87%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, sell-side analysts predict that H2O America will post 2.7 earnings per share for the current fiscal year.

H2O America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be given a $0.44 dividend. The ex-dividend date is Monday, May 11th. This represents a $1.76 annualized dividend and a yield of 3.2%. H2O America’s payout ratio is presently 60.27%.

Insider Activity at H2O America

In related news, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of the stock in a transaction on Friday, April 10th. The stock was purchased at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the transaction, the insider owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. This trade represents a 1.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the stock in a transaction on Friday, April 10th. The stock was bought at an average price 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 approximately $270,640,619.14. The trade was a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On H2O America

Hedge funds and other institutional investors have recently made changes to their positions in the business. Quadrant Capital Group LLC raised its holdings in shares of H2O America by 194.9% during 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 in the last quarter. Parallel Advisors LLC raised its holdings in shares of H2O America by 1,020.8% during the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 541 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of H2O America by 44.6% during the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 204 shares in the last quarter. Hughes Financial Services LLC bought a new position in shares of H2O America during the third quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC bought a new position in shares of H2O America during the fourth quarter valued at approximately $40,000. Institutional investors own 84.29% of the company’s stock.

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.