H2O America (NASDAQ:HTO) Hits New 1-Year High on Analyst Upgrade

Shares of H2O America (NASDAQ:HTO) hit a new 52-week high on Tuesday after Barclays raised their price target on the stock from $61.00 to $63.00. Barclays currently has an overweight rating on the stock. H2O America traded as high as $58.93 and last traded at $58.57, with a volume of 630885 shares changing hands. The stock had previously closed at $58.21.

HTO has been the topic of a number of other reports. Wall Street Zen cut shares of H2O America from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Zacks Research cut shares of H2O America from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. Citigroup upgraded shares of H2O America to a “buy” rating in a research report on Friday, January 9th. Finally, UBS Group set a $61.00 price objective on shares of H2O America in a research note on Friday, January 9th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, H2O America currently has an average rating of “Hold” and a consensus target price of $60.75.

Institutional Trading of H2O America

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTO. US Bancorp DE purchased a new stake in H2O America in the 3rd quarter valued at about $62,000. Intech Investment Management LLC purchased a new position in shares of H2O America during the 3rd quarter worth about $687,000. R Squared Ltd acquired a new stake in shares of H2O America in the third quarter worth approximately $243,000. Handelsbanken Fonder AB acquired a new stake in shares of H2O America in the third quarter worth approximately $514,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in H2O America in the third quarter valued at approximately $100,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

H2O America Trading Up 0.6%

The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.21. The business’s fifty day moving average is $53.13 and its 200-day moving average is $50.04. The stock has a market capitalization of $2.12 billion, a PE ratio of 20.06, a P/E/G ratio of 3.01 and a beta of 0.48.

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

H2O America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, February 9th. H2O America’s dividend payout ratio (DPR) is 60.27%.

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.