Analysts Set H2O America (NASDAQ:HTO) Target Price at $58.75

Shares of H2O America (NASDAQ:HTO) have been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $58.75.

A number of research firms have recently commented on HTO. UBS Group set a $61.00 price target on shares of H2O America in a research report on Friday, January 9th. Zacks Research downgraded H2O America from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. BTIG Research upgraded H2O America from a “neutral” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Friday, January 9th. Finally, Citigroup raised shares of H2O America to a “buy” rating in a research note on Friday, January 9th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in H2O America in the fourth quarter worth $133,834,000. Amundi bought a new stake in H2O America during the 3rd quarter valued at about $105,965,000. First Trust Advisors LP bought a new stake in shares of H2O America during the third quarter valued at approximately $64,063,000. Dimensional Fund Advisors LP bought a new stake in shares of H2O America in the 3rd quarter worth $31,737,000. Finally, Invesco Ltd. bought a new stake in H2O America in the 3rd quarter worth about $27,753,000. Institutional investors own 84.29% of the company’s stock.

H2O America Stock Up 0.3%

Shares of NASDAQ:HTO opened at $52.04 on Thursday. The business has a fifty day simple moving average of $49.78 and a 200 day simple moving average of $49.17. The firm has a market cap of $1.86 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.63 and a beta of 0.49. H2O America has a 12-month low of $43.75 and a 12-month high of $57.17. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.15.

H2O America Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 2nd. Shareholders of record on Monday, February 9th will be issued a $0.44 dividend. The ex-dividend date is Monday, February 9th. H2O America’s dividend payout ratio is 53.33%.

H2O America Company Profile

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.