H2O America (NASDAQ:HTO) Now Covered by Robert W. Baird

Robert W. Baird initiated coverage on shares of H2O America (NASDAQ:HTO) in a research note released on Friday, Marketbeat reports. The brokerage issued an outperform rating and a $67.00 price target on the utilities provider’s stock.

A number of other research firms have also recently weighed in on HTO. UBS Group set a $61.00 price objective on shares of H2O America in a report on Friday, January 9th. Citigroup raised shares of H2O America to a “buy” rating in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. Zacks Research lowered H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Four equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.00.

H2O America Trading Up 2.7%

H2O America stock opened at $58.93 on Friday. The firm has a market cap of $2.13 billion, a PE ratio of 20.18, a P/E/G ratio of 2.97 and a beta of 0.48. H2O America has a 12 month low of $43.75 and a 12 month high of $58.99. The stock’s 50 day simple moving average is $53.80 and its two-hundred day simple moving average is $50.23. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.21.

H2O America (NASDAQ:HTO) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share 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 analyst estimates of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts anticipate that H2O America will post 2.75 earnings per share for the current year.

H2O America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, February 9th. H2O America’s payout ratio is presently 60.27%.

Institutional Trading of H2O America

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. purchased a new stake in shares of H2O America during the 4th quarter valued at approximately $133,834,000. Amundi purchased a new position in H2O America in the third quarter worth approximately $105,965,000. Cerity Partners LLC purchased a new position in H2O America in the fourth quarter worth approximately $70,830,000. First Trust Advisors LP acquired a new stake in H2O America during the third quarter worth $64,063,000. Finally, Nuance Investments LLC acquired a new stake in H2O America during the fourth quarter worth $44,420,000. Hedge funds and other 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.