H2O America (NASDAQ:HTO) Receives $58.75 Consensus PT from Brokerages

Shares of H2O America (NASDAQ:HTO) have been assigned an average recommendation of “Hold” from the five analysts that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $60.00.

Several research analysts recently issued reports on HTO shares. BTIG Research raised shares of H2O America from a “neutral” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. Citigroup raised H2O America to a “buy” rating in a report on Friday, January 9th. UBS Group set a $61.00 price objective on shares of H2O America in a research note on Friday, January 9th. Finally, Zacks Research downgraded shares of H2O America from a “hold” rating to a “strong sell” rating in a report on Thursday, January 22nd.

H2O America Stock Up 0.9%

Shares of NASDAQ HTO opened at $52.51 on Thursday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.68 and a current ratio of 0.68. The company has a market capitalization of $1.88 billion, a P/E ratio of 16.67, a price-to-earnings-growth ratio of 2.63 and a beta of 0.48. The company’s 50 day moving average price is $49.93 and its 200-day moving average price is $49.18. H2O America has a 52-week low of $43.75 and a 52-week high of $57.17.

H2O America Announces Dividend

The firm also recently declared 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 of this dividend is Monday, February 9th. H2O America’s dividend payout ratio (DPR) is presently 53.33%.

Institutional Investors Weigh In On H2O America

Institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. purchased a new stake in H2O America during the 4th quarter valued at $133,834,000. Amundi bought a new position in shares of H2O America during the third quarter valued at about $105,965,000. First Trust Advisors LP purchased a new stake in shares of H2O America during the third quarter worth about $64,063,000. Dimensional Fund Advisors LP purchased a new stake in shares of H2O America during the third quarter worth about $31,737,000. Finally, Invesco Ltd. bought a new stake in shares of H2O America in the third quarter worth about $27,753,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

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.