H2O America (NASDAQ:HTO) Hits New 1-Year High – What’s Next?

H2O America (NASDAQ:HTO) reached a new 52-week high on Tuesday . The company traded as high as $66.05 and last traded at $64.52, with a volume of 442520 shares changing hands. The stock had previously closed at $65.43.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HTO. Barclays increased their target price on H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. TD Cowen began coverage on H2O America in a research report on Thursday, April 16th. They issued a “hold” rating and a $64.00 price objective for the company. Wall Street Zen raised H2O America from a “sell” rating to a “hold” rating in a research note on Saturday, July 4th. Bank of America reissued a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Finally, Wells Fargo & Company began coverage on shares of H2O America in a report on Monday, May 11th. They issued an “equal weight” rating and a $60.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, H2O America presently has a consensus rating of “Moderate Buy” and an average target price of $63.33.

H2O America Stock Down 1.4%

The company has a market capitalization of $2.70 billion, a P/E ratio of 22.10, a PEG ratio of 7.31 and a beta of 0.35. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.02 and a quick ratio of 2.02. The company has a 50 day moving average of $58.89 and a 200-day moving average of $56.74.

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 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. As a group, equities analysts anticipate that H2O America will post 2.7 EPS for the current year.

H2O America Announces Dividend

The business also recently declared 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. The ex-dividend date was Monday, May 11th. This represents a $1.76 annualized dividend and a dividend yield of 2.7%. H2O America’s payout ratio is currently 60.27%.

Insider Buying and Selling at H2O America

In other news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of $62.03 per share, with a total value of $172,691.52. Following the transaction, the insider owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. The trade was a 0.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Quadrant Capital Group LLC increased its stake in shares of H2O America by 194.9% during the fourth 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 in the last quarter. Parallel Advisors LLC raised its position in H2O America by 1,020.8% in the 4th 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 last quarter. Bessemer Group Inc. raised its holdings in shares of H2O America by 44.6% during the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 204 shares during the last quarter. Farther Finance Advisors LLC bought a new position in shares of H2O America during the 4th quarter valued at $40,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in H2O America by 76.2% in the first quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 394 shares during the period. 84.29% of the stock is currently owned by institutional investors.

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.