H2O America (NASDAQ:HTO) Rating Increased to Hold at Wells Fargo & Company

H2O America (NASDAQ:HTO) was upgraded by Wells Fargo & Company to a “hold” rating in a research report issued on Monday,Zacks.com reports.

Several other brokerages have also weighed in on HTO. Weiss Ratings upgraded shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Barclays dropped their price target on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Bank of America reissued a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. Zacks Research lowered shares of H2O America from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, Robert W. Baird assumed coverage on shares of H2O America in a research report on Friday, March 13th. They issued an “outperform” rating and a $67.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, H2O America presently has an average rating of “Moderate Buy” and a consensus price target of $62.17.

H2O America Trading Down 0.2%

HTO opened at $57.26 on Monday. H2O America has a twelve month low of $43.75 and a twelve month high of $61.87. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average of $58.09 and a 200-day moving average of $52.87. The stock has a market cap of $2.40 billion, a PE ratio of 19.61, a price-to-earnings-growth ratio of 6.41 and a beta of 0.35.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. H2O America had a net margin of 12.87% and a return on equity of 6.76%. The company had revenue of $183.29 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, sell-side analysts predict that H2O America will post 2.7 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder Atlas Infrastructure Partners purchased 50,385 shares of the business’s stock in a transaction on Friday, April 10th. The stock was acquired at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the purchase, the insider directly owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of the business’s stock in a transaction on Friday, April 10th. The stock was bought at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the purchase, the insider owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.52% of the stock is owned by insiders.

Institutional Investors Weigh In On H2O America

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. purchased a new stake in shares of H2O America in the 4th quarter valued at $133,834,000. Amundi bought a new position in H2O America in the 3rd quarter worth $105,965,000. Cerity Partners LLC bought a new position in shares of H2O America in the 4th quarter worth about $70,830,000. Morgan Stanley increased its stake in shares of H2O America by 123.0% in the 4th quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock worth $67,027,000 after acquiring an additional 754,715 shares in the last quarter. Finally, State Street Corp increased its stake in shares of H2O America by 4.6% in the 4th quarter. State Street Corp now owns 1,359,773 shares of the utilities provider’s stock worth $66,615,000 after acquiring an additional 59,799 shares in the last quarter. 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.