H2O America (NASDAQ:HTO – Free Report) had its target price hoisted by Robert W. Baird from $67.00 to $72.00 in a report released on Wednesday morning, Marketbeat.com reports. The firm currently has an outperform rating on the utilities provider’s stock.
A number of other brokerages have also issued reports on HTO. BTIG Research restated a “buy” rating and issued a $67.00 target price on shares of H2O America in a research note on Thursday, July 23rd. Bank of America reiterated a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Wells Fargo & Company initiated coverage on H2O America in a report on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Zacks Research upgraded H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Weiss Ratings raised H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, H2O America currently has an average rating of “Moderate Buy” and an average target price of $65.67.
Get Our Latest Stock Report on HTO
H2O America Stock Down 1.0%
H2O America (NASDAQ:HTO – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $210.47 million for the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts forecast that H2O America will post 3.13 earnings per share for the current year.
H2O America Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Monday, August 10th. H2O America’s dividend payout ratio is presently 62.19%.
Insider Buying and Selling
In related news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the business’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of $62.03 per share, with a total value of $172,691.52. Following the transaction, the insider owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.
Hedge Funds Weigh In On H2O America
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new stake in H2O America during the fourth quarter worth $1,375,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in H2O America in the fourth quarter valued at $1,609,000. Prospera Financial Services Inc purchased a new position in H2O America in the fourth quarter valued at $4,305,000. Clean Yield Group purchased a new stake in shares of H2O America during the 4th quarter worth about $2,092,000. Finally, Ethic Inc. purchased a new stake in shares of H2O America during the 4th quarter worth about $1,069,000. 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.
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