H2O America (NASDAQ:HTO) Stock Rating Upgraded by Zacks Research

H2O America (NASDAQ:HTO) was upgraded by stock analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Monday,Zacks.com reports.

Several other equities analysts also recently weighed in on HTO. UBS Group set a $61.00 price target on shares of H2O America in a report on Friday, January 9th. Barclays upped their price objective on shares of H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Robert W. Baird assumed coverage on shares of H2O America in a research note on Friday, March 13th. They issued an “outperform” rating and a $67.00 price objective on the stock. Citigroup raised shares of H2O America to a “buy” rating in a report on Friday, January 9th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $62.00.

H2O America Stock Performance

Shares of HTO opened at $57.00 on Monday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50-day moving average of $54.25 and a two-hundred day moving average of $50.39. The stock has a market cap of $2.06 billion, a P/E ratio of 19.52, a P/E/G ratio of 3.00 and a beta of 0.48. H2O America has a one year low of $43.75 and a one year high of $59.00.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The business had revenue of $194.19 million for the quarter, compared to analyst estimates of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, research analysts predict that H2O America will post 2.75 EPS for the current year.

Hedge Funds Weigh In On H2O America

Several institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC lifted its stake in shares of H2O America by 194.9% in the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 347 shares during the period. Parallel Advisors LLC grew its position in H2O America by 1,020.8% during the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after buying an additional 541 shares during the period. Hughes Financial Services LLC acquired a new stake in H2O America during the third quarter valued at $40,000. Farther Finance Advisors LLC purchased a new position in H2O America in the fourth quarter valued at $40,000. Finally, IFP Advisors Inc increased its holdings in H2O America by 139.8% in the fourth quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock valued at $48,000 after buying an additional 569 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.