H2O America (NASDAQ:HTO) Downgraded by Zacks Research to “Strong Sell”

Zacks Research cut shares of H2O America (NASDAQ:HTO) from a hold rating to a strong sell rating in a research report sent to investors on Thursday morning,Zacks.com reports.

HTO has been the topic of several other reports. UBS Group set a $61.00 target price on H2O America in a research report on Friday, January 9th. BTIG Research raised H2O America from a “neutral” rating to a “buy” rating and set a $61.00 price target for the company in a research note on Friday, January 9th. Citigroup upgraded H2O America to a “buy” rating in a report on Friday, January 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research note on Thursday. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, H2O America presently has a consensus rating of “Hold” and an average target price of $58.75.

H2O America Trading Down 0.5%

NASDAQ:HTO opened at $52.33 on Thursday. The stock has a market cap of $1.87 billion, a PE ratio of 16.61, a price-to-earnings-growth ratio of 2.66 and a beta of 0.49. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $57.17. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.68 and a quick ratio of 0.68. The stock’s 50-day moving average is $49.10 and its two-hundred day moving average is $49.31.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Monday, October 27th. The utilities provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.10. H2O America had a net margin of 13.59% and a return on equity of 7.87%. The business had revenue of $240.55 million for the quarter, compared to the consensus estimate of $232.27 million. As a group, equities research analysts forecast that H2O America will post 2.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Hughes Financial Services LLC acquired a new stake in shares of H2O America in the third quarter valued at about $40,000. Farther Finance Advisors LLC bought a new stake in H2O America during the 4th quarter valued at approximately $40,000. US Bancorp DE bought a new stake in H2O America during the 3rd quarter valued at approximately $62,000. Creative Financial Designs Inc. ADV acquired a new stake in H2O America in the 3rd quarter valued at approximately $100,000. Finally, GAMMA Investing LLC bought a new position in H2O America in the 4th quarter worth approximately $121,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

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.