H2O America (NASDAQ:HTO) Receives $62.17 Consensus Price Target from Brokerages

H2O America (NASDAQ:HTO) has been given a consensus rating of “Moderate Buy” by the nine research firms that are covering the company, Marketbeat reports. Four analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $62.1667.

HTO has been the subject of a number of recent research reports. 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 for the company. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Wells Fargo & Company began coverage on H2O America in a research note on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price target on the stock. TD Cowen initiated coverage on H2O America in a research note on Thursday, April 16th. They set a “hold” rating and a $64.00 price objective for the company. Finally, Bank of America reissued a “buy” rating on shares of H2O America in a report on Wednesday, April 22nd.

Insider Activity

In other news, major shareholder Atlas Infrastructure Partners bought 50,385 shares of the company’s stock in a transaction dated Friday, April 10th. The shares were purchased at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the purchase, the insider owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This represents a 1.11% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of H2O America stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the transaction, the insider directly owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders acquired 102,902 shares of company stock valued at $6,081,017 over the last ninety days. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of HTO. Vanguard Group Inc. bought a new stake in H2O America in the 4th quarter worth about $133,834,000. Amundi bought a new stake in shares of H2O America in the third quarter worth approximately $105,965,000. Cerity Partners LLC bought a new stake in shares of H2O America in the fourth quarter worth approximately $70,830,000. Morgan Stanley raised its holdings in shares of H2O America by 123.0% during the fourth quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock valued at $67,027,000 after purchasing an additional 754,715 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of H2O America by 4.6% during the fourth quarter. State Street Corp now owns 1,359,773 shares of the utilities provider’s stock valued at $66,615,000 after purchasing an additional 59,799 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

H2O America Stock Performance

HTO opened at $62.42 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.02. H2O America has a 52 week low of $43.75 and a 52 week high of $62.68. The stock has a market cap of $2.61 billion, a PE ratio of 21.38, a PEG ratio of 6.98 and a beta of 0.35. The business has a 50 day moving average of $57.93 and a 200-day moving average of $55.66.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping 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 predict that H2O America will post 2.7 earnings per share for the current fiscal year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. H2O America’s dividend payout ratio is 60.27%.

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.