H2O America (NASDAQ:HTO) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

H2O America (NASDAQ:HTO)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $49.25 and traded as high as $53.92. H2O America shares last traded at $53.60, with a volume of 232,008 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on HTO shares. Weiss Ratings restated a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. UBS Group set a $61.00 target price on shares of H2O America in a report on Friday, January 9th. Citigroup upgraded shares of H2O America to a “buy” rating in a research note on Friday, January 9th. BTIG Research raised H2O America from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Friday, January 9th. Finally, Zacks Research cut H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $60.00.

H2O America Trading Down 2.3%

The business’s fifty day simple moving average is $50.45 and its two-hundred day simple moving average is $49.26. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.88 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 2.78 and a beta of 0.48.

H2O America Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Thematics Asset Management acquired a new stake in H2O America during the 3rd quarter worth approximately $6,440,000. First Trust Advisors LP acquired a new position in shares of H2O America during the 3rd quarter worth $64,063,000. Gabelli Funds LLC acquired a new position in H2O America during the third quarter worth about $7,181,000. Gamco Investors INC. ET AL acquired a new stake in shares of H2O America in the 3rd quarter worth approximately $3,001,000. Finally, Victory Capital Management Inc. purchased a new position in shares of H2O America in the third quarter valued at $21,320,000. Hedge funds and other institutional investors 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.