H2O America (NASDAQ:HTO) Stock Rating Upgraded by Wall Street Zen

H2O America (NASDAQ:HTO) was upgraded by equities researchers at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other brokerages have also recently commented on HTO. Barclays decreased their price target on H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Bank of America reaffirmed a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. Robert W. Baird assumed coverage on shares of H2O America in a research note on Friday, March 13th. They set an “outperform” rating and a $67.00 price objective on the stock. TD Cowen began coverage on shares of H2O America in a report on Thursday, April 16th. They issued a “hold” rating and a $64.00 target price on the stock. Finally, Zacks Research raised shares of H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $62.17.

H2O America Price Performance

H2O America stock opened at $62.42 on Friday. The stock’s fifty day moving average price is $57.93 and its two-hundred day moving average price is $55.66. H2O America has a one year low of $43.75 and a one year high of $62.68. 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 firm has a market cap of $2.61 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 6.98 and a beta of 0.35.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. The firm had revenue of $183.29 million during 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. As a group, research analysts expect that H2O America will post 2.7 EPS for the current fiscal year.

Insider Buying and Selling at H2O America

In other H2O America news, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of the stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the acquisition, the insider owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the transaction, the insider owned 4,582,469 shares in the company, valued at $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 102,902 shares of company stock worth $6,081,017. Corporate insiders own 0.52% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc boosted its stake in shares of H2O America by 22.0% in the 2nd quarter. Versant Capital Management Inc now owns 980 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 177 shares in the last quarter. Bessemer Group Inc. increased its position in H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 204 shares in the last quarter. New Age Alpha Advisors LLC increased its position in H2O America by 0.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock worth $3,020,000 after purchasing an additional 239 shares in the last quarter. Magellan Asset Management Ltd lifted its stake in H2O America by 1.3% in the 4th quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider’s stock valued at $1,070,000 after purchasing an additional 285 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its stake in H2O America by 194.9% in the 4th 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 last quarter. 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.