H2O America (NASDAQ:HTO) Raised to Hold at Zacks Research

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

HTO has been the subject of a number of other research reports. Wall Street Zen lowered shares of H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Robert W. Baird initiated 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 on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. BTIG Research reiterated a “buy” rating and issued a $61.00 price objective on shares of H2O America in a report on Tuesday, March 3rd. Finally, Citigroup upgraded shares of H2O America to a “buy” rating in a research note on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.00.

H2O America Trading Down 1.8%

Shares of HTO stock 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. H2O America has a 1 year low of $43.75 and a 1 year high of $59.00. The stock has a fifty day moving average of $54.25 and a two-hundred day moving average of $50.39. The firm has a market capitalization of $2.06 billion, a PE ratio of 19.52, a price-to-earnings-growth ratio of 3.00 and a beta of 0.48.

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

Hedge Funds Weigh In On H2O America

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrant Capital Group LLC raised its stake in H2O America by 194.9% during 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 boosted its position in shares of H2O America by 1,020.8% in the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock worth $29,000 after buying an additional 541 shares during the period. Hughes Financial Services LLC purchased a new position in shares of H2O America during the third quarter valued at $40,000. Farther Finance Advisors LLC purchased a new position in shares of H2O America during the fourth quarter valued at $40,000. Finally, IFP Advisors Inc raised its position in H2O America by 139.8% during 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 during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

About H2O America

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.