H2O America (NASDAQ:HTO) Receives $56.50 Average Price Target from Brokerages

Shares of H2O America (NASDAQ:HTO) have earned a consensus recommendation of “Hold” from the four brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $56.50.

HTO has been the topic of several research reports. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research report on Wednesday, October 8th. BTIG Research started coverage on H2O America in a research report on Tuesday, October 21st. They set a “neutral” rating on the stock.

Hedge Funds Weigh In On H2O America

A number of large investors have recently modified their holdings of HTO. Wealth Enhancement Advisory Services LLC bought a new stake in H2O America during the 4th quarter worth approximately $440,000. GAMMA Investing LLC bought a new position in shares of H2O America in the fourth quarter worth $121,000. JPMorgan Chase & Co. bought a new stake in H2O America during the third quarter valued at $10,556,000. Allworth Financial LP purchased a new position in H2O America during the third quarter worth about $157,000. Finally, Swiss Life Asset Management Ltd increased its stake in H2O America by 1.2% in the 3rd quarter. Swiss Life Asset Management Ltd now owns 52,449 shares of the utilities provider’s stock worth $2,554,000 after acquiring an additional 628 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors.

H2O America Stock Performance

NASDAQ:HTO opened at $50.52 on Friday. The company has a market capitalization of $1.81 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.50 and a beta of 0.49. The business has a fifty day simple moving average of $47.84 and a two-hundred day simple moving average of $49.45. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.68. H2O America has a 1 year low of $43.75 and a 1 year high of $57.17.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Monday, October 27th. The utilities provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.10. H2O America had a return on equity of 7.87% and a net margin of 13.59%.The company had revenue of $240.55 million during the quarter, compared to the consensus estimate of $232.27 million. On average, analysts expect that H2O America will post 2.75 earnings per share for the current year.

H2O America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 10th were paid a $0.42 dividend. The ex-dividend date was Monday, November 10th. This represents a $1.68 annualized dividend and a yield of 3.3%. H2O America’s dividend payout ratio (DPR) is currently 53.33%.

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.