H2O America (NASDAQ:HTO) Share Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of H2O America (NASDAQ:HTO) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $49.38 and traded as high as $55.00. H2O America shares last traded at $54.89, with a volume of 255,122 shares changing hands.

Analysts Set New Price Targets

Several brokerages recently issued reports on HTO. Zacks Research lowered shares of H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. UBS Group set a $61.00 target price on H2O America in a research report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. Citigroup upgraded H2O America to a “buy” rating in a research note on Friday, January 9th. Finally, BTIG Research upgraded shares of H2O America from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Friday, January 9th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $60.00.

H2O America Stock Performance

The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.15. The company has a 50-day moving average of $50.97 and a 200 day moving average of $49.38. The firm has a market capitalization of $1.97 billion, a PE ratio of 17.43, a PEG ratio of 2.77 and a beta of 0.48.

H2O America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 9th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend is Monday, February 9th. H2O America’s dividend payout ratio is currently 55.87%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Vanguard Group Inc. bought a new stake in H2O America in the fourth quarter worth $133,834,000. Amundi bought a new stake in shares of H2O America in the 3rd quarter worth approximately $105,965,000. Cerity Partners LLC purchased a new position in H2O America during the 4th quarter valued at $70,830,000. Morgan Stanley raised its stake in H2O America by 123.0% in the fourth quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock worth $67,027,000 after buying an additional 754,715 shares in the last quarter. Finally, State Street Corp raised its position in shares of H2O America by 4.6% in the 4th quarter. State Street Corp now owns 1,359,773 shares of the utilities provider’s stock worth $66,615,000 after acquiring an additional 59,799 shares in the last quarter. 84.29% of the stock is owned by hedge funds and other 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.