H2O America (NASDAQ:HTO) Given Average Recommendation of “Hold” by Analysts

Shares of H2O America (NASDAQ:HTO) have been given an average rating of “Hold” by the five research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have covered the stock in the last year is $60.00.

A number of research analysts have recently weighed in on the stock. BTIG Research raised shares of H2O America from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. Zacks Research cut H2O America from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd. Citigroup raised H2O America to a “buy” rating in a research note on Friday, January 9th. Finally, UBS Group set a $61.00 price objective on H2O America in a research report on Friday, January 9th.

H2O America Stock Performance

NASDAQ:HTO opened at $55.19 on Monday. The company has a current ratio of 0.68, a quick ratio of 0.68 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $51.69 and a two-hundred day moving average price of $49.58. H2O America has a twelve month low of $43.75 and a twelve month high of $57.17. The company has a market capitalization of $1.98 billion, a P/E ratio of 17.52, a price-to-earnings-growth ratio of 2.86 and a beta of 0.48.

H2O America Announces Dividend

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

Hedge Funds Weigh In On H2O America

Several institutional investors and hedge funds have recently modified their holdings of HTO. New Age Alpha Advisors LLC grew its stake in H2O America by 0.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock worth $3,020,000 after acquiring an additional 239 shares during the period. Magellan Asset Management Ltd boosted its holdings in shares of H2O America by 1.3% during the fourth quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider’s stock worth $1,070,000 after purchasing an additional 285 shares during the last quarter. Quadrant Capital Group LLC grew its position in shares of H2O America by 194.9% in 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 during the period. MetLife Investment Management LLC lifted its position in H2O America by 2.1% during the fourth quarter. MetLife Investment Management LLC now owns 18,331 shares of the utilities provider’s stock worth $898,000 after buying an additional 379 shares during the period. Finally, Parallel Advisors LLC lifted its position in H2O America by 1,020.8% during 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. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.