H2O America (NASDAQ:HTO) Shares Down 4.1% – What’s Next?

H2O America (NASDAQ:HTO)’s stock price dropped 4.1% on Monday. The company traded as low as $55.54 and last traded at $55.3230. 54,906 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 486,066 shares. The stock had previously closed at $57.69.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. BTIG Research reaffirmed a “buy” rating and set a $65.00 price target on shares of H2O America in a report on Tuesday. Wall Street Zen upgraded shares of H2O America from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of H2O America in a report on Monday, August 3rd. Seaport Research Partners reissued a “buy” rating and set a $67.00 price objective on shares of H2O America in a report on Wednesday, August 12th. Finally, Barclays lowered their price objective on shares of H2O America from $66.00 to $65.00 and set an “overweight” rating on the stock in a research report on Monday. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $64.50.

H2O America Stock Performance

The company has a market cap of $2.38 billion, a PE ratio of 20.10, a PEG ratio of 6.45 and a beta of 0.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50-day moving average of $61.78 and a 200 day moving average of $60.31.

H2O America (NASDAQ:HTO) last announced its earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $210.47 million for the quarter. H2O America had a return on equity of 6.65% and a net margin of 12.91%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities research analysts anticipate that H2O America will post 2.80 EPS for the current fiscal year.

H2O America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 10th were given a dividend of $0.44 per share. The ex-dividend date was Monday, August 10th. This represents a $1.76 annualized dividend and a yield of 3.1%. H2O America’s payout ratio is 62.19%.

Institutional Investors Weigh In On H2O America

Institutional investors have recently bought and sold shares of the business. Public Employees Retirement System of Ohio bought a new stake in shares of H2O America in the second quarter worth about $37,000. Bessemer Group Inc. increased its stake in H2O America by 44.6% during the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 204 shares during the last quarter. Allworth Financial LP purchased a new stake in H2O America during the second quarter valued at approximately $42,000. EverSource Wealth Advisors LLC raised its position in H2O America by 76.2% during the first quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 394 shares during the period. Finally, Versant Capital Management Inc raised its position 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 period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

About H2O America