H2O America (NASDAQ:HTO) Upgraded at Zacks Research

H2O America (NASDAQ:HTO) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Monday,Zacks.com reports.

A number of other equities research analysts have also recently issued reports on HTO. Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a research note on Saturday. Bank of America restated a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. Robert W. Baird assumed coverage on shares of H2O America in a research report on Friday, March 13th. They set an “outperform” rating and a $67.00 price target for the company. TD Cowen started coverage on shares of H2O America in a report on Thursday, April 16th. They issued a “hold” rating and a $64.00 price objective on the stock. Finally, Weiss Ratings upgraded shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $62.17.

H2O America Stock Up 1.5%

Shares of H2O America stock opened at $57.54 on Monday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02. The business’s 50 day simple moving average is $57.62 and its 200-day simple moving average is $54.97. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of 19.71, a PEG ratio of 6.34 and a beta of 0.35. H2O America has a twelve month low of $43.75 and a twelve month high of $61.87.

H2O America (NASDAQ:HTO) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. H2O America had a return on equity of 6.76% and a net margin of 12.87%.The business had revenue of $183.29 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities research analysts forecast that H2O America will post 2.7 earnings per share for the current year.

Insiders Place Their Bets

In other H2O America news, major shareholder Atlas Infrastructure Partners purchased 50,385 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the purchase, the insider owned 4,582,469 shares in the company, valued at $270,640,619.14. This trade represents a 1.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of the stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the acquisition, the insider directly owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. This trade represents a 1.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On H2O America

A number of institutional investors and hedge funds have recently bought and sold shares of HTO. Vanguard Group Inc. bought a new stake in shares of H2O America during the 4th quarter worth about $133,834,000. Amundi bought a new position in shares of H2O America in the third quarter valued at approximately $105,965,000. Cerity Partners LLC bought a new position in shares of H2O America in the fourth quarter valued at approximately $70,830,000. First Trust Advisors LP bought a new position in shares of H2O America in the third quarter valued at approximately $64,063,000. Finally, Nuance Investments LLC acquired a new position in shares of H2O America during the fourth quarter valued at approximately $44,420,000. Institutional investors own 84.29% of the company’s stock.

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.