H2O America (NASDAQ:HTO) Hits New 1-Year High – Here’s What Happened

H2O America (NASDAQ:HTO) shares hit a new 52-week high on Tuesday . The stock traded as high as $59.00 and last traded at $58.42, with a volume of 37754 shares. The stock had previously closed at $58.68.

Wall Street Analyst Weigh In

HTO has been the topic of a number of research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. UBS Group set a $61.00 price objective on H2O America in a research report on Friday, January 9th. Zacks Research downgraded H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Citigroup raised H2O America to a “buy” rating in a report on Friday, January 9th. Finally, Robert W. Baird started coverage on H2O America in a research note on Friday, March 13th. They set an “outperform” rating and a $67.00 price target for the company. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, H2O America presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

H2O America Trading Down 1.8%

The firm has a market capitalization of $2.06 billion, a price-to-earnings ratio of 19.52, a price-to-earnings-growth ratio of 3.00 and a beta of 0.48. The business’s 50 day moving average price is $54.25 and its 200-day moving average price is $50.39. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.70.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 EPS for the quarter. H2O America had a net margin of 12.81% and a return on equity of 7.08%. The firm had revenue of $194.19 million during the quarter, compared to the consensus estimate of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities analysts forecast that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, February 9th. H2O America’s dividend payout ratio (DPR) is currently 60.27%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. purchased a new position in H2O America in the fourth quarter worth $133,834,000. Amundi purchased a new stake in shares of H2O America during the 3rd quarter worth $105,965,000. Cerity Partners LLC acquired a new position in shares of H2O America during the 4th quarter worth $70,830,000. First Trust Advisors LP acquired a new position in shares of H2O America during the 3rd quarter worth $64,063,000. Finally, Nuance Investments LLC purchased a new position in shares of H2O America in the 4th quarter valued at about $44,420,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.