H2O America (NASDAQ:HTO) Announces Earnings Results, Beats Estimates By $0.02 EPS

H2O America (NASDAQ:HTOGet Free Report) posted its quarterly earnings data on Monday. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02, Zacks reports. H2O America had a net margin of 12.91% and a return on equity of 6.86%. The business had revenue of $210.47 million during the quarter. H2O America updated its FY 2026 guidance to 3.080-3.180 EPS.

H2O America Stock Up 1.2%

Shares of HTO opened at $64.25 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02. H2O America has a 52 week low of $43.75 and a 52 week high of $67.09. The stock has a market capitalization of $2.69 billion, a price-to-earnings ratio of 22.70, a PEG ratio of 7.60 and a beta of 0.35. The stock has a fifty day moving average of $59.80 and a 200-day moving average of $57.34.

H2O America Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, August 10th. H2O America’s dividend payout ratio is presently 60.27%.

Insiders Place Their Bets

In other news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price of $62.03 per share, with a total value of $172,691.52. Following the acquisition, the insider directly owned 4,615,265 shares in the company, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Cetera Investment Advisers increased its holdings in H2O America by 15.1% in the fourth quarter. Cetera Investment Advisers now owns 5,386 shares of the utilities provider’s stock valued at $264,000 after purchasing an additional 705 shares during the period. Public Employees Retirement System of Ohio acquired a new position in H2O America during the 3rd quarter worth about $256,000. Creative Planning acquired a new position in H2O America during the 3rd quarter worth about $254,000. Freestone Grove Partners LP bought a new stake in shares of H2O America in the 3rd quarter valued at about $213,000. Finally, Russell Investments Group Ltd. bought a new stake in shares of H2O America in the 3rd quarter valued at about $210,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HTO shares. BTIG Research reissued a “buy” rating and issued a $67.00 target price on shares of H2O America in a report on Thursday, July 23rd. Zacks Research raised shares of H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Wall Street Zen upgraded shares of H2O America from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Robert W. Baird boosted their price objective on shares of H2O America from $67.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wells Fargo & Company initiated coverage on H2O America in a research note on Monday, May 11th. They set an “equal weight” rating and a $60.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.17.

Get Our Latest Stock Report on HTO

About H2O America

(Get Free Report)

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.

Further Reading

Earnings History for H2O America (NASDAQ:HTO)

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