H2O America to Issue Dividend of $0.44 (NASDAQ:HTO)

H2O America (NASDAQ:HTO) declared a dividend on Monday, January 26th, NASDAQ Dividends reports. Investors of record on Monday, February 9th will be given a dividend of 0.44 per share by the utilities provider on Monday, March 2nd. The ex-dividend date is Monday, February 9th.

H2O America has increased its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 57 consecutive years. H2O America has a payout ratio of 53.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect H2O America to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 56.9%.

H2O America Stock Down 2.2%

NASDAQ HTO traded down $1.13 during trading hours on Wednesday, hitting $51.26. 454,198 shares of the company were exchanged, compared to its average volume of 335,278. 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 firm has a market cap of $1.84 billion, a price-to-earnings ratio of 16.27, a PEG ratio of 2.67 and a beta of 0.49. The company has a 50 day moving average of $49.35 and a two-hundred day moving average of $49.16. H2O America has a 52-week low of $43.75 and a 52-week high of $57.17.

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

Wall Street Analyst Weigh In

HTO has been the subject of several recent analyst reports. Citigroup raised shares of H2O America to a “buy” rating in a research report on Friday, January 9th. UBS Group set a $61.00 price objective on H2O America in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. Zacks Research cut H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, BTIG Research raised shares of H2O America from a “neutral” rating to a “buy” rating and set a $61.00 price objective on the stock in a report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, H2O America currently has an average rating of “Hold” and a consensus price target of $58.75.

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.