H2O America (NASDAQ:HTO) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

H2O America (NASDAQ:HTO) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $59.95 and traded as high as $62.99. H2O America shares last traded at $62.67, with a volume of 1,668,519 shares changing hands.

Analyst Ratings Changes

A number of brokerages have weighed in on HTO. BTIG Research set a $70.00 price target on shares of H2O America in a research report on Wednesday, July 29th. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Seaport Research Partners reissued a “buy” rating and issued a $67.00 target price on shares of H2O America in a research report on Wednesday, August 12th. Finally, Barclays upped their price target on H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, H2O America currently has a consensus rating of “Moderate Buy” and an average target price of $65.67.

H2O America Price Performance

The company has a market capitalization of $2.62 billion, a PE ratio of 22.14, a price-to-earnings-growth ratio of 7.22 and a beta of 0.34. 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 stock’s 50 day simple moving average is $63.29 and its 200-day simple moving average is $59.95.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The business had revenue of $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, equities analysts forecast that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were paid a $0.44 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. H2O America’s payout ratio is 62.19%.

Insider Buying and Selling at H2O America

In related news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of H2O America stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of $62.03 per share, for a total transaction of $172,691.52. Following the completion of the purchase, the insider owned 4,615,265 shares in the company, valued at approximately $286,284,887.95. The trade was a 0.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HTO. BlackRock Inc. purchased a new stake in H2O America during the 2nd quarter worth about $431,857,000. Wellington Management Group LLP grew its position in shares of H2O America by 23.7% during the second quarter. Wellington Management Group LLP now owns 1,995,839 shares of the utilities provider’s stock worth $121,287,000 after buying an additional 382,268 shares in the last quarter. Cerity Partners LLC acquired a new position in shares of H2O America during the fourth quarter worth about $70,830,000. Nuance Investments LLC purchased a new stake in shares of H2O America during the fourth quarter worth approximately $44,420,000. Finally, Dimensional Fund Advisors LP increased its stake in shares of H2O America by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 705,345 shares of the utilities provider’s stock worth $41,383,000 after buying an additional 46,410 shares during the period. 84.29% of the stock is owned by institutional investors and hedge funds.

H2O America Company Profile

H2O America, Inc (NASDAQ: HTO) is a regulated water utility holding company that provides water and wastewater services to residential, commercial, industrial and public-sector customers. Through its operating subsidiaries, the company owns and manages water supply, treatment, storage and distribution infrastructure, and is responsible for delivering reliable drinking water and related utility services.

The company serves communities primarily in California, Connecticut and Maine. Its operations include the San Jose Water Company, which has a long history of serving customers in the greater San Jose area, as well as water utility businesses in the northeastern United States.