H2O America (NASDAQ:HTO) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

H2O America (NASDAQ:HTO) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.66 and traded as high as $49.79. H2O America shares last traded at $49.40, with a volume of 138,235 shares.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research report on Wednesday, October 8th. BTIG Research assumed coverage on H2O America in a report on Tuesday, October 21st. They set a “neutral” rating for the company. One analyst has rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.50.

H2O America Trading Down 0.1%

The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.15. The business has a 50-day simple moving average of $47.87 and a 200-day simple moving average of $49.66. The company has a market cap of $1.77 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 2.54 and a beta of 0.50.

H2O America (NASDAQ:HTO) last issued its quarterly earnings data on Monday, October 27th. The utilities provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. The business had revenue of $240.55 million during the quarter, compared to analysts’ expectations of $232.27 million. H2O America had a return on equity of 7.87% and a net margin of 13.59%. On average, analysts predict 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, December 1st. Shareholders of record on Monday, November 10th were given a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend was Monday, November 10th. H2O America’s payout ratio is currently 53.33%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Hughes Financial Services LLC acquired a new position in shares of H2O America in the third quarter valued at approximately $40,000. US Bancorp DE acquired a new stake in H2O America during the 3rd quarter worth approximately $62,000. Creative Financial Designs Inc. ADV purchased a new position in H2O America in the 3rd quarter valued at approximately $100,000. Allworth Financial LP acquired a new position in shares of H2O America in the third quarter worth $157,000. Finally, Mercer Global Advisors Inc. ADV purchased a new stake in shares of H2O America during the third quarter worth $203,000. 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.