H2O America (NASDAQ:HTO) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

H2O America (NASDAQ:HTO)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $49.66 and traded as high as $49.79. H2O America shares last traded at $49.40, with a volume of 138,235 shares traded.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on HTO. BTIG Research assumed coverage on H2O America in a research note on Tuesday, October 21st. They issued a “neutral” rating on the stock. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, H2O America has a consensus rating of “Hold” and an average price target of $56.50.

H2O America Trading Down 1.2%

The business has a fifty day moving average price of $47.84 and a 200-day moving average price of $49.62. The company has a quick ratio of 0.68, a current ratio of 0.68 and a debt-to-equity ratio of 1.15. The company has a market cap of $1.75 billion, a P/E ratio of 15.50, a PEG ratio of 2.54 and a beta of 0.50.

H2O America (NASDAQ:HTO) last announced its 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. The company had revenue of $240.55 million for the quarter, compared to analyst estimates of $232.27 million. H2O America had a return on equity of 7.87% and a net margin of 13.59%. On average, analysts forecast that H2O America will post 2.75 earnings per share for the current year.

H2O America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 1st. Shareholders of record on Monday, November 10th were given a dividend of $0.42 per share. The ex-dividend date was Monday, November 10th. This represents a $1.68 annualized dividend and a yield of 3.4%. H2O America’s dividend payout ratio (DPR) is presently 53.33%.

Hedge Funds Weigh In On H2O America

Several institutional investors and hedge funds have recently modified their holdings of the business. Swiss Life Asset Management Ltd increased its holdings in shares of H2O America by 1.2% during the third quarter. Swiss Life Asset Management Ltd now owns 52,449 shares of the utilities provider’s stock worth $2,554,000 after purchasing an additional 628 shares during the period. Hughes Financial Services LLC bought a new stake in shares of H2O America in the third quarter valued at approximately $40,000. US Bancorp DE acquired a new stake in H2O America during the third quarter worth approximately $62,000. Creative Financial Designs Inc. ADV acquired a new stake in H2O America during the third quarter worth approximately $100,000. Finally, Allworth Financial LP bought a new position in H2O America during the 3rd quarter worth $157,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.