H2O America (NASDAQ:HTO) Announces Earnings Results, Misses Expectations By $0.02 EPS

H2O America (NASDAQ:HTO) announced its earnings results on Monday. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.02), FiscalAI reports. The company had revenue of $250.23 million during the quarter.

H2O America Stock Performance

Shares of HTO opened at $61.04 on Wednesday. The stock’s fifty day moving average price is $61.30 and its two-hundred day moving average price is $58.67. H2O America has a 1 year low of $43.75 and a 1 year high of $67.09.

H2O America Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 9th will be paid a $0.44 dividend. The ex-dividend date is Monday, November 9th. This represents a $1.76 annualized dividend and a dividend yield of 2.9%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on HTO. Seaport Research Partners restated a “buy” rating and issued a $67.00 price target on shares of H2O America in a research report on Wednesday, August 12th. Barclays decreased their price objective on shares of H2O America from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Weiss Ratings reissued a “hold (c+)” rating on shares of H2O America in a research note on Monday, August 3rd. BTIG Research restated a “buy” rating and issued a $65.00 target price on shares of H2O America in a report on Tuesday, October 20th. Finally, Robert W. Baird upped their price target on shares of H2O America from $67.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.50.

Institutional Investors Weigh In On H2O America

Several large investors have recently added to or reduced their stakes in the company. Versant Capital Management Inc lifted its holdings in H2O America by 22.0% during the second quarter. Versant Capital Management Inc now owns 980 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 177 shares during the last quarter. Bessemer Group Inc. raised its position in shares of H2O America by 44.6% in the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 204 shares during the period. Pinnacle Wealth Planning Services Inc. lifted its stake in shares of H2O America by 35.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 781 shares of the utilities provider’s stock valued at $48,000 after buying an additional 206 shares in the last quarter. Allworth Financial LP lifted its stake in shares of H2O America by 54.2% during the 2nd quarter. Allworth Financial LP now owns 683 shares of the utilities provider’s stock valued at $42,000 after buying an additional 240 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of H2O America by 76.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider’s stock valued at $53,000 after buying an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

About H2O America