H2O America (NASDAQ:HTO) Raised to “Hold” at Wells Fargo & Company

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

HTO has been the subject of a number of other research reports. Weiss Ratings raised shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. TD Cowen initiated coverage on H2O America in a research report on Thursday, April 16th. They set a “hold” rating and a $64.00 target price on the stock. Barclays cut their price target on H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Robert W. Baird initiated coverage on H2O America in a research note on Friday, March 13th. They issued an “outperform” rating and a $67.00 price objective on the stock. Finally, Wall Street Zen raised H2O America from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $62.17.

H2O America Trading Down 0.2%

H2O America stock opened at $57.26 on Monday. H2O America has a 52-week low of $43.75 and a 52-week high of $61.87. The company has a market cap of $2.40 billion, a P/E ratio of 19.61, a P/E/G ratio of 6.41 and a beta of 0.35. 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 business has a 50-day simple moving average of $58.09 and a two-hundred day simple moving average of $52.87.

H2O America (NASDAQ:HTO) last issued 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. The firm had revenue of $183.29 million for the quarter. H2O America had a net margin of 12.87% and a return on equity of 6.76%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts predict that H2O America will post 2.7 EPS for the current year.

Insider Transactions at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the transaction, the insider directly owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was acquired 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 of the company’s stock, valued at approximately $270,640,619.14. This trade 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 company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTO. Vanguard Group Inc. bought a new stake in shares of H2O America during the fourth quarter valued at approximately $133,834,000. Amundi bought a new position in shares of H2O America during the third quarter worth $105,965,000. Cerity Partners LLC purchased a new position in H2O America during the fourth quarter valued at $70,830,000. First Trust Advisors LP bought a new stake in H2O America in the 3rd quarter valued at $64,063,000. Finally, Nuance Investments LLC bought a new stake in H2O America in the 4th quarter valued at $44,420,000. 84.29% of the stock is currently owned by 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.