H2O America (NASDAQ:HTO) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of H2O America (NASDAQ:HTO) 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

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

H2O America Stock Down 2.3%

The firm has a market capitalization of $1.88 billion, a price-to-earnings ratio of 16.63, a price-to-earnings-growth ratio of 2.78 and a beta of 0.48. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.68. The business has a fifty day moving average price of $50.45 and a two-hundred day moving average price of $49.26.

H2O America Announces Dividend

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

Institutional Trading of H2O America

Several hedge funds and other institutional investors have recently bought and sold shares of HTO. FourThought Financial Partners LLC acquired a new position in H2O America in the fourth quarter valued at approximately $332,000. Global Retirement Partners LLC acquired a new position in shares of H2O America in the 4th quarter valued at $83,000. IFP Advisors Inc lifted its stake in shares of H2O America by 139.8% in the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 569 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in H2O America during the fourth quarter worth $1,609,000. Finally, PNC Financial Services Group Inc. acquired a new stake in H2O America during the fourth quarter valued at $167,000. 84.29% of the stock is owned by institutional investors and hedge funds.

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.