H2O America (NASDAQ:HTO) Now Covered by Analysts at Mizuho

Equities research analysts at Mizuho assumed coverage on shares of H2O America (NASDAQ:HTO) in a report issued on Monday, Briefing.com reports. The brokerage set an “outperform” rating and a $67.00 price target on the utilities provider’s stock. Mizuho‘s target price indicates a potential upside of 12.15% from the company’s current price.

HTO has been the subject of a number of other reports. Seaport Research Partners reiterated a “buy” rating and issued a $67.00 target price on shares of H2O America in a research note on Wednesday, August 12th. Barclays cut their price target on shares of H2O America from $66.00 to $65.00 and set an “overweight” rating on the stock in a research note on Monday, October 19th. BTIG Research reaffirmed a “buy” rating and issued a $65.00 price target on shares of H2O America in a report on Tuesday, October 20th. Weiss Ratings cut shares of H2O America from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday. Finally, Huntington Sec assumed coverage on shares of H2O America in a research note on Wednesday, October 28th. They set a “strong-buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $64.86.

H2O America Price Performance

Shares of NASDAQ HTO opened at $59.74 on Monday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $2.89 billion, a PE ratio of 23.43 and a beta of 0.35. The business has a 50-day simple moving average of $61.08 and a two-hundred day simple moving average of $58.81. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $67.09.

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

Institutional Investors Weigh In On H2O America

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio acquired a new position in H2O America in the 2nd quarter worth approximately $37,000. Bessemer Group Inc. raised its position in H2O America by 44.6% during 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 during the last quarter. Allworth Financial LP purchased a new position in H2O America during the 2nd quarter worth approximately $42,000. Pinnacle Wealth Planning Services Inc. raised its position in H2O America by 35.8% during the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 781 shares of the utilities provider’s stock worth $48,000 after buying an additional 206 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in H2O America by 76.2% during the 1st quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider’s stock valued at $53,000 after acquiring an additional 394 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

About H2O America