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

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

Several other brokerages have also recently issued reports on HTO. Barclays dropped their price objective on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 15th. Wells Fargo & Company started coverage on shares of H2O America in a research note on Monday, May 11th. They issued an “equal weight” rating and a $60.00 target price for the company. 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. Weiss Ratings upgraded shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, BTIG Research reissued a “buy” rating and set a $61.00 price target on shares of H2O America in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.17.

H2O America Trading Down 0.0%

Shares of HTO stock opened at $56.69 on Friday. The company has a market capitalization of $2.37 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 6.34 and a beta of 0.35. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $57.72 and its two-hundred day moving average is $54.78. H2O America has a twelve month low of $43.75 and a twelve month high of $61.87.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. H2O America had a return on equity of 6.76% and a net margin of 12.87%.The business had revenue of $183.29 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities analysts forecast that H2O America will post 2.7 EPS for the current year.

Insiders Place Their Bets

In other H2O America news, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of the business’s stock in a transaction 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 transaction, the insider owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. The trade was a 1.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the business’s stock in a transaction on Friday, April 10th. The stock was acquired at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the transaction, the insider directly owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. This represents a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On H2O America

A number of large investors have recently made changes to their positions in HTO. Bank of America Corp DE lifted its stake in shares of H2O America by 128.9% in the first quarter. Bank of America Corp DE now owns 264,887 shares of the utilities provider’s stock valued at $15,541,000 after purchasing an additional 149,168 shares during the period. Janus Henderson Group PLC grew its position in H2O America by 6.7% during the first quarter. Janus Henderson Group PLC now owns 15,947 shares of the utilities provider’s stock worth $936,000 after buying an additional 1,000 shares during the period. South Dakota Investment Council acquired a new position in H2O America during the first quarter worth about $1,989,000. EverSource Wealth Advisors LLC increased its holdings in H2O America by 76.2% in the first quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider’s stock valued at $53,000 after buying an additional 394 shares in the last quarter. Finally, Royal Bank of Canada increased its holdings in H2O America by 58.3% in the first quarter. Royal Bank of Canada now owns 7,890 shares of the utilities provider’s stock valued at $464,000 after buying an additional 2,905 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

About H2O America

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.