H2O America (NASDAQ:HTO) Shares Down 4.1% – Here’s What Happened

H2O America (NASDAQ:HTO) traded down 4.1% during mid-day trading on Monday. The company traded as low as $55.54 and last traded at $55.3230. Approximately 54,906 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 486,066 shares. The stock had previously closed at $57.69.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HTO. Seaport Research Partners reaffirmed a “buy” rating and set a $67.00 target price on shares of H2O America in a research report on Wednesday, August 12th. Zacks Research upgraded H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Robert W. Baird lifted their price target on H2O America from $67.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Wall Street Zen raised H2O America from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Finally, Barclays restated an “overweight” rating and set a $65.00 price objective on shares of H2O America in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, H2O America currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.33.

H2O America Stock Down 3.3%

The firm has a market cap of $2.33 billion, a PE ratio of 19.74, a P/E/G ratio of 6.65 and a beta of 0.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. The business has a fifty day moving average price of $62.00 and a two-hundred day moving average price of $60.34.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $210.47 million during 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. On average, analysts anticipate that H2O America will post 2.80 EPS for the current fiscal year.

H2O America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.2%. The ex-dividend date of this dividend was Monday, August 10th. H2O America’s payout ratio is 62.19%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in H2O America in the 2nd quarter worth approximately $431,857,000. Wellington Management Group LLP boosted its stake in shares of H2O America by 23.7% during the 2nd quarter. Wellington Management Group LLP now owns 1,995,839 shares of the utilities provider’s stock valued at $121,287,000 after buying an additional 382,268 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of H2O America by 7.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 705,345 shares of the utilities provider’s stock valued at $41,383,000 after acquiring an additional 46,410 shares in the last quarter. KBC Group NV grew its holdings in shares of H2O America by 41.9% during the 1st quarter. KBC Group NV now owns 593,161 shares of the utilities provider’s stock valued at $34,801,000 after acquiring an additional 175,270 shares in the last quarter. Finally, Legal & General Group Plc purchased a new position in shares of H2O America during the 2nd quarter valued at $34,792,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

About H2O America