H2O America (HTO) To Go Ex-Dividend on May 11th

H2O America (NASDAQ:HTO) announced a quarterly dividend on Monday, April 27th. Investors of record on Monday, May 11th will be given a dividend of 0.44 per share by the utilities provider on Monday, June 1st. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend is Monday, May 11th.

H2O America has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 57 years. H2O America has a payout ratio of 56.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect H2O America to earn $2.76 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 63.8%.

H2O America Trading Down 1.2%

H2O America stock traded down $0.74 during mid-day trading on Wednesday, hitting $58.53. The company’s stock had a trading volume of 179,415 shares, compared to its average volume of 521,607. H2O America has a one year low of $43.75 and a one year high of $61.87. 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 company has a 50 day moving average of $57.66 and a 200-day moving average of $52.43. The stock has a market cap of $2.45 billion, a PE ratio of 20.04, a P/E/G ratio of 3.93 and a beta of 0.42.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The company had revenue of $183.29 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, research analysts anticipate that H2O America will post 2.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on HTO. TD Cowen began coverage on shares of H2O America in a research note on Thursday, April 16th. They set a “hold” rating and a $64.00 target price for the company. Wall Street Zen downgraded shares of H2O America from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Bank of America reiterated a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Robert W. Baird initiated 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 for the company. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $61.83.

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.