H2O America (HTO) to Distribute Quarterly Dividend of $0.44 on December 1st

H2O America (NASDAQ:HTO) announced a quarterly dividend on Friday, October 23rd. Stockholders of record on Monday, November 9th will be given a dividend of $0.44 per share by the utilities provider on Tuesday, December 1st. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, November 9th.

H2O America has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 57 consecutive years. H2O America has a payout ratio of 56.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect H2O America to earn $2.88 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 61.1%.

H2O America Stock Performance

NASDAQ HTO opened at $62.95 on Friday. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.85. H2O America has a twelve month low of $43.75 and a twelve month high of $67.09. The company’s 50-day simple moving average is $60.91 and its 200 day simple moving average is $59.02. The stock has a market cap of $3.04 billion, a P/E ratio of 24.69 and a beta of 0.35.

H2O America (NASDAQ:HTO) last issued its quarterly earnings data on Monday, October 26th. The utilities provider reported $1.04 EPS for the quarter, missing the consensus estimate of $1.06 by ($0.02). H2O America had a return on equity of 6.03% and a net margin of 12.51%. The company had revenue of $250.23 million during the quarter. As a group, research analysts forecast that H2O America will post 3.01 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Huntington started coverage on H2O America in a report on Wednesday, October 28th. They set a “strong-buy” rating on the stock. Mizuho began coverage on shares of H2O America in a research note on Monday, November 2nd. They issued an “outperform” rating and a $67.00 target price on the stock. Robert W. Baird boosted their price objective on H2O America from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Zacks Research upgraded H2O America from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, October 28th. Finally, Weiss Ratings cut H2O America from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, October 28th. Two analysts have rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.86.

H2O America Company Profile