H2O America (NASDAQ:HTO) Hits New 12-Month High – Here’s Why

H2O America (NASDAQ:HTO)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $63.35 and last traded at $63.1980, with a volume of 39540 shares traded. The stock had previously closed at $62.94.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays upped their target price on H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday. Wells Fargo & Company started coverage on shares of H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 target price for the company. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. TD Cowen started coverage on H2O America in a research report on Thursday, April 16th. They issued a “hold” rating and a $64.00 target price on the stock. Finally, Weiss Ratings upgraded H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $63.33.

H2O America Price Performance

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 has a 50-day moving average price of $58.35 and a two-hundred day moving average price of $56.31. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 21.67, a PEG ratio of 6.98 and a beta of 0.35.

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

H2O America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.8%. The ex-dividend date was Monday, May 11th. H2O America’s payout ratio is presently 60.27%.

Insider Buying and Selling

In related news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were purchased at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the purchase, the insider owned 4,615,265 shares in the company, valued at $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On H2O America

Several hedge funds have recently bought and sold shares of the business. US Bancorp DE acquired a new position in H2O America in the 3rd quarter valued at $62,000. Dimensional Fund Advisors LP acquired a new stake in shares of H2O America during the 3rd quarter worth approximately $31,737,000. Barclays PLC acquired a new stake in H2O America during the third quarter worth $3,054,000. Private Advisor Group LLC acquired a new position in H2O America in the third quarter worth about $694,000. Finally, Schroder Investment Management Group bought a new position in shares of H2O America during the 3rd quarter worth approximately $7,279,000. 84.29% of the stock is owned by institutional investors and hedge funds.

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.