H2O America (NASDAQ:HTO) Downgraded to Sell Rating by Wall Street Zen

H2O America (NASDAQ:HTO) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

A number of other research firms have also recently issued reports on HTO. BTIG Research restated a “buy” rating and set a $61.00 price target on shares of H2O America in a report on Tuesday, March 3rd. Zacks Research cut H2O America from a “hold” rating to a “strong sell” rating in a report on Monday, May 4th. Wells Fargo & Company started coverage on H2O America in a report on Monday, May 11th. They set an “equal weight” rating and a $60.00 price target on the stock. Robert W. Baird started coverage on H2O America in a report on Friday, March 13th. They set an “outperform” rating and a $67.00 price target on the stock. Finally, TD Cowen started coverage on H2O America in a report on Thursday, April 16th. They set a “hold” rating and a $64.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, H2O America currently has an average rating of “Moderate Buy” and a consensus target price of $62.17.

H2O America Stock Performance

NASDAQ:HTO opened at $57.83 on Friday. The company has a market capitalization of $2.42 billion, a PE ratio of 19.80, a P/E/G ratio of 6.40 and a beta of 0.35. The company has a 50 day simple moving average of $58.01 and a two-hundred day simple moving average of $53.65. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $61.87.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results 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. The firm had revenue of $183.29 million for the quarter. H2O America had a return on equity of 6.76% and a net margin of 12.87%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Research analysts anticipate that H2O America will post 2.7 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Atlas Infrastructure Partners bought 50,385 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of $59.06 per share, for a total transaction of $2,975,738.10. Following the acquisition, the insider directly owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This trade represents a 1.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Atlas Holdings Ltd Gip bought 50,385 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the acquisition, the insider owned 4,582,469 shares in the company, valued at $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.52% of the stock is owned by company insiders.

Hedge Funds Weigh In On H2O America

A number of large investors have recently modified their holdings of HTO. Vanguard Group Inc. bought a new position in shares of H2O America in the 4th quarter worth $133,834,000. Amundi bought a new position in shares of H2O America in the 3rd quarter worth $105,965,000. Cerity Partners LLC bought a new position in shares of H2O America in the 4th quarter worth $70,830,000. First Trust Advisors LP bought a new position in shares of H2O America in the 3rd quarter worth $64,063,000. Finally, Nuance Investments LLC bought a new position in shares of H2O America in the 4th quarter worth $44,420,000. 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.