H2O America (NASDAQ:HTO) Sets New 52-Week High After Analyst Upgrade

H2O America (NASDAQ:HTO) shares hit a new 52-week high on Tuesday after Barclays raised their price target on the stock from $61.00 to $63.00. Barclays currently has an overweight rating on the stock. H2O America traded as high as $58.93 and last traded at $58.57, with a volume of 630885 shares changing hands. The stock had previously closed at $58.21.

Several other brokerages have also issued reports on HTO. BTIG Research reiterated a “buy” rating and set a $61.00 target price on shares of H2O America in a research report on Tuesday, March 3rd. Wall Street Zen cut shares of H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Citigroup raised shares of H2O America to a “buy” rating in a report on Friday, January 9th. Zacks Research lowered shares of H2O America from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Finally, UBS Group set a $61.00 target price on H2O America in a research note on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $60.75.

Institutional Investors Weigh In On H2O America

A number of institutional investors have recently made changes to their positions in the business. Quantbot Technologies LP purchased a new position in shares of H2O America in the third quarter valued at about $1,143,000. New Age Alpha Advisors LLC bought a new stake in shares of H2O America in the third quarter worth about $2,991,000. Gamco Investors INC. ET AL bought a new stake in shares of H2O America in the third quarter worth about $3,001,000. Victory Capital Management Inc. purchased a new position in H2O America during the 3rd quarter valued at about $21,320,000. Finally, Elo Mutual Pension Insurance Co bought a new position in H2O America during the 3rd quarter valued at approximately $592,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

H2O America Price Performance

The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. The business has a 50-day simple moving average of $53.44 and a 200 day simple moving average of $50.12. The firm has a market cap of $2.03 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.96 and a beta of 0.48.

H2O America (NASDAQ:HTO) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $194.19 million for the quarter, compared to analysts’ expectations of $195.73 million. H2O America had a return on equity of 7.08% and a net margin of 12.81%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, analysts anticipate that H2O America will post 2.75 earnings per share for the current fiscal year.

H2O America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 9th. This represents a $1.76 annualized dividend and a dividend yield of 3.1%. H2O America’s payout ratio is currently 60.27%.

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.