H2O America (NASDAQ:HTO) Share Price Passes Above 200 Day Moving Average – Here’s Why

H2O America (NASDAQ:HTO)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.25 and traded as high as $53.92. H2O America shares last traded at $53.60, with a volume of 232,008 shares trading hands.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on HTO shares. Citigroup upgraded H2O America to a “buy” rating in a research note on Friday, January 9th. BTIG Research raised H2O America from a “neutral” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Friday, January 9th. UBS Group set a $61.00 price objective on H2O America in a research note on Friday, January 9th. Zacks Research downgraded shares of H2O America from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, H2O America has a consensus rating of “Hold” and a consensus price target of $60.00.

H2O America Stock Up 1.3%

The stock has a fifty day simple moving average of $50.34 and a two-hundred day simple moving average of $49.25. The firm has a market cap of $1.92 billion, a PE ratio of 17.02, a price-to-earnings-growth ratio of 2.74 and a beta of 0.48. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.15.

H2O America Announces Dividend

The company also recently announced a dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be issued a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, February 9th. H2O America’s dividend payout ratio is 53.33%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in HTO. US Bancorp DE bought a new position in shares of H2O America in the third quarter worth $62,000. Intech Investment Management LLC purchased a new position in H2O America during the third quarter worth about $687,000. R Squared Ltd bought a new position in H2O America in the 3rd quarter worth about $243,000. Handelsbanken Fonder AB purchased a new stake in shares of H2O America in the 3rd quarter valued at about $514,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in shares of H2O America in the 3rd quarter valued at about $100,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

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.