H2O America (NASDAQ:HTO) Announces Quarterly Earnings Results

H2O America (NASDAQ:HTO) posted its earnings results on Monday. The utilities provider reported $1.04 EPS for the quarter, FiscalAI reports. The business had revenue of $250.23 million for the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%.

H2O America Trading Down 0.7%

Shares of NASDAQ HTO traded down $0.42 during mid-day trading on Monday, hitting $58.48. 608,497 shares of the company traded hands, compared to its average volume of 488,846. The business has a 50 day moving average of $61.46 and a two-hundred day moving average of $60.29. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of 20.66, a PEG ratio of 6.80 and a beta of 0.33. H2O America has a 1 year low of $43.75 and a 1 year high of $67.09.

Analyst Upgrades and Downgrades

Several research firms recently commented on HTO. Robert W. Baird boosted their price target on H2O America from $67.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. BTIG Research reaffirmed a “buy” rating and set a $65.00 price objective on shares of H2O America in a research report on Tuesday, October 20th. Barclays lowered their price objective on H2O America from $66.00 to $65.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Weiss Ratings restated a “hold (c+)” rating on shares of H2O America in a research report on Monday, August 3rd. Finally, Seaport Research Partners reissued a “buy” rating and set a $67.00 price target on shares of H2O America in a report on Wednesday, August 12th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, H2O America presently has an average rating of “Moderate Buy” and a consensus price target of $64.50.

Institutional Trading of H2O America

Several large investors have recently added to or reduced their stakes in HTO. Public Employees Retirement System of Ohio purchased a new stake in shares of H2O America in the second quarter worth approximately $37,000. Bessemer Group Inc. raised its holdings in shares of H2O America by 44.6% during the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 204 shares in the last quarter. Allworth Financial LP acquired a new stake in H2O America during the second quarter valued at $42,000. EverSource Wealth Advisors LLC boosted its position in H2O America by 76.2% during the first quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider’s stock valued at $53,000 after purchasing an additional 394 shares during the last quarter. Finally, Versant Capital Management Inc boosted its position in H2O America by 22.0% during the second quarter. Versant Capital Management Inc now owns 980 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 177 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

H2O America Company Profile