H2O America (NASDAQ:HTO) Coverage Initiated by Analysts at Huntington Sec

Investment analysts at Huntington Sec began coverage on shares of H2O America (NASDAQ:HTO) in a report issued on Wednesday, Zacks reports. The brokerage set a “strong-buy” rating on the utilities provider’s stock.

Other analysts also recently issued research reports about the company. Barclays lowered their price objective on H2O America from $66.00 to $65.00 and set an “overweight” rating for the company in a research report on Monday, October 19th. Seaport Research Partners restated a “buy” rating and issued a $67.00 target price on shares of H2O America in a report on Wednesday, August 12th. Weiss Ratings downgraded shares of H2O America from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday. BTIG Research reaffirmed a “buy” rating and issued a $65.00 target price on shares of H2O America in a research note on Tuesday, October 20th. Finally, Wall Street Zen upgraded shares of H2O America from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $64.50.

H2O America Trading Up 1.2%

NASDAQ HTO opened at $61.80 on Wednesday. The firm has a market cap of $2.59 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 6.80 and a beta of 0.33. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The stock has a 50-day moving average of $61.27 and a 200-day moving average of $58.73. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Monday, October 26th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.02). H2O America had a return on equity of 6.65% and a net margin of 12.91%. The company had revenue of $250.23 million for the quarter. As a group, sell-side analysts forecast that H2O America will post 2.80 EPS for the current year.

Institutional Investors Weigh In On H2O America

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. bought a new position in H2O America during the 2nd quarter valued at about $431,857,000. Legal & General Group Plc purchased a new stake in shares of H2O America during the 2nd quarter valued at about $34,792,000. Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of H2O America during the 2nd quarter valued at about $30,650,000. Wellington Management Group LLP boosted its holdings in shares of H2O America by 23.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,995,839 shares of the utilities provider’s stock valued at $121,287,000 after acquiring an additional 382,268 shares during the last quarter. Finally, Resolution Capital Ltd grew its stake in shares of H2O America by 105.8% in the first quarter. Resolution Capital Ltd now owns 482,460 shares of the utilities provider’s stock worth $28,306,000 after acquiring an additional 248,005 shares during the period. Hedge funds and other institutional investors own 84.29% of the company’s stock.

About H2O America