H2O America (NASDAQ:HTO) Research Coverage Started at Mizuho

Mizuho initiated coverage on shares of H2O America (NASDAQ:HTO) in a research note published on Monday morning, Marketbeat reports. The brokerage issued an outperform rating and a $67.00 price objective on the utilities provider’s stock.

Several other research analysts have also recently weighed in on the company. Weiss Ratings cut H2O America from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Zacks Research upgraded shares of H2O America from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. BTIG Research restated a “buy” rating and issued a $65.00 target price on shares of H2O America in a research report on Tuesday, October 20th. Barclays lowered their price target on H2O America from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. Finally, Huntington assumed coverage on shares of H2O America in a research report on Wednesday, October 28th. They set a “strong-buy” rating on the stock. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, H2O America presently has a consensus rating of “Moderate Buy” and an average target price of $64.86.

H2O America Stock Up 3.3%

NASDAQ:HTO opened at $62.65 on Monday. The firm has a market capitalization of $3.03 billion, a P/E ratio of 24.57 and a beta of 0.35. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The company’s fifty day moving average price is $60.93 and its 200-day moving average price is $58.93. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.90 and a quick ratio of 1.90.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Monday, October 26th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). The business had revenue of $250.23 million during the quarter. H2O America had a net margin of 12.51% and a return on equity of 6.03%. As a group, equities research analysts anticipate that H2O America will post 3.02 EPS for the current year.

H2O America Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 9th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, November 9th. H2O America’s dividend payout ratio is 69.02%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Corient Private Wealth LP acquired a new position in H2O America during the 2nd quarter worth $1,805,000. Jupiter Topco LLC purchased a new position in H2O America in the second quarter valued at approximately $908,000. The Manufacturers Life Insurance Company purchased a new position in shares of H2O America in the 2nd quarter valued at $974,000. Man Group plc acquired a new stake in shares of H2O America during the second quarter worth about $1,594,000. Finally, Louisiana State Employees Retirement System acquired a new position in H2O America during the first quarter worth approximately $974,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

About H2O America