H2O America (NASDAQ:HTO) Coverage Initiated by Analysts at Huntington Sec

Key Points

• Huntington Securities initiated coverage of H2O America with a “strong-buy” rating. The analyst consensus remains “Moderate Buy,” with a consensus price target of $64.50.
• H2O America’s shares opened at $61.80, compared with a 52-week range of $43.75 to $67.09. The company recently reported quarterly EPS of $1.04, slightly below the $1.06 consensus estimate, on revenue of $250.23 million.
• Institutional investors own 84.29% of the company’s stock. Several funds recently initiated positions, including Corient Private Wealth, Man Group and Manufacturers Life Insurance.

Investment analysts at Huntington Sec initiated coverage on shares of H2O America (NASDAQ:HTO - Get Free Report) in a research report issued to clients and investors on Wednesday, Zacks reports. The brokerage set a "strong-buy" rating on the utilities provider's stock.

HTO has been the topic of several other research reports. BTIG Research reiterated a "buy" rating and issued a $65.00 price objective on shares of H2O America in a research note on Tuesday, October 20th. Barclays decreased their target price on H2O America from $66.00 to $65.00 and set an "overweight" rating for the company in a research report on Monday, October 19th. Weiss Ratings lowered H2O America from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday. Robert W. Baird upped their price target on H2O America from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Finally, Seaport Research Partners reaffirmed a "buy" rating and set a $67.00 price target on shares of H2O America in a research report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $64.50.

H2O America Price Performance

H2O America stock opened at $61.80 on Wednesday. H2O America has a 52 week low of $43.75 and a 52 week high of $67.09. The company's 50 day moving average price is $61.27 and its two-hundred day moving average price is $58.73. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02. The stock has a market cap of $2.59 billion, a P/E ratio of 24.24, a P/E/G ratio of 6.80 and a beta of 0.33.

H2O America (NASDAQ:HTO - Get Free Report) last released its earnings results on Monday, October 26th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.02). The business had revenue of $250.23 million during the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. On average, equities analysts predict that H2O America will post 2.80 earnings per share for the current year.

Institutional Trading of H2O America

Institutional investors have recently added to or reduced their stakes in the stock. Corient Private Wealth LP purchased a new stake in shares of H2O America in the 2nd quarter valued at $1,805,000. Jupiter Topco LLC bought a new position in shares of H2O America during the 2nd quarter valued at $908,000. Man Group plc purchased a new position in H2O America in the 2nd quarter worth $1,594,000. The Manufacturers Life Insurance Company purchased a new position in H2O America in the 2nd quarter worth $974,000. Finally, Louisiana State Employees Retirement System purchased a new position in H2O America in the 1st quarter worth $974,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

About H2O America

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