H2O America (NASDAQ:HTO) Stock Rating Upgraded by Zacks Research

H2O America (NASDAQ:HTO) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently weighed in on HTO. Wells Fargo & Company started coverage on shares of H2O America in a report on Monday, May 11th. They set an “equal weight” rating and a $60.00 target price for the company. Robert W. Baird began coverage on H2O America in a report on Friday, March 13th. They issued an “outperform” rating and a $67.00 target price on the stock. Bank of America reaffirmed a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. BTIG Research reaffirmed a “buy” rating and set a $61.00 target price on shares of H2O America in a report on Tuesday, March 3rd. Finally, Barclays decreased their price target on H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.17.

H2O America Price Performance

Shares of H2O America stock opened at $57.54 on Monday. 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 company’s 50-day moving average price is $57.62 and its two-hundred day moving average price is $54.97. H2O America has a 52 week low of $43.75 and a 52 week high of $61.87. The stock has a market cap of $2.41 billion, a PE ratio of 19.71, a price-to-earnings-growth ratio of 6.34 and a beta of 0.35.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. H2O America had a net margin of 12.87% and a return on equity of 6.76%. 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, sell-side analysts anticipate that H2O America will post 2.7 EPS for the current fiscal year.

Insider Buying and Selling at H2O America

In other H2O America news, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of H2O America stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the purchase, the insider owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the firm’s stock in a transaction on Friday, April 10th. The shares were acquired at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the transaction, the insider directly owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This trade represents a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is owned by insiders.

Hedge Funds Weigh In On H2O America

Large investors have recently made changes to their positions in the business. Quadrant Capital Group LLC boosted its holdings in shares of H2O America by 194.9% during the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 347 shares during the period. Parallel Advisors LLC increased its stake in H2O America by 1,020.8% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after buying an additional 541 shares during the period. Bessemer Group Inc. lifted its position in H2O America by 44.6% in the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after buying an additional 204 shares in the last quarter. Hughes Financial Services LLC purchased a new stake in H2O America in the 3rd quarter worth approximately $40,000. Finally, Farther Finance Advisors LLC acquired a new stake in shares of H2O America during the 4th quarter valued at $40,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.