Wall Street Zen Downgrades H2O America (NASDAQ:HTO) to Sell

H2O America (NASDAQ:HTO) was downgraded by stock analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report released on Saturday.

HTO has been the topic of a number of other research reports. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Wells Fargo & Company assumed coverage on H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 price objective for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of H2O America in a report on Monday, August 3rd. TD Cowen began coverage on H2O America in a research report on Thursday, April 16th. They issued a “hold” rating and a $64.00 price target for the company. Finally, Bank of America reaffirmed a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, H2O America presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

H2O America Stock Performance

HTO opened at $62.66 on Friday. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02. H2O America has a 52 week low of $43.75 and a 52 week high of $67.09. The stock has a market cap of $2.62 billion, a PE ratio of 22.14, a PEG ratio of 6.46 and a beta of 0.34. The business has a 50 day moving average of $60.50 and a 200-day moving average of $57.87.

H2O America (NASDAQ:HTO) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. The company had revenue of $210.47 million for the quarter. H2O America had a return on equity of 6.65% and a net margin of 12.91%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities research analysts predict that H2O America will post 3.13 earnings per share for the current fiscal year.

Insider Buying and Selling at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of H2O America stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the completion of the transaction, the insider owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On H2O America

Institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc grew its stake in H2O America by 22.0% during the 2nd quarter. Versant Capital Management Inc now owns 980 shares of the utilities provider’s stock worth $60,000 after buying an additional 177 shares during the last quarter. Bessemer Group Inc. lifted its position in H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after acquiring an additional 204 shares during the period. New Age Alpha Advisors LLC grew its stake in H2O America by 0.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock valued at $3,020,000 after purchasing an additional 239 shares during the last quarter. Magellan Asset Management Ltd grew its stake in H2O America by 1.3% during the 4th quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider’s stock valued at $1,070,000 after purchasing an additional 285 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of H2O America by 194.9% in the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 347 shares during the period. 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.