H2O America's (HTO) "Hold (C-)" Rating Reiterated at Weiss Ratings

Key Points

• H2O America's stock received a "hold (C-)" rating from Weiss Ratings, indicating no change in outlook for investors.
• Wells Fargo lowered its price target for H2O America from $60.00 to $58.00, while the stock holds an average rating of "Hold" with a target price of $56.50.
• In its latest earnings report, H2O America surpassed expectations, reporting an EPS of $0.75 on revenue of $198.26 million for the quarter.

H2O America (NASDAQ:HTO - Get Free Report)'s stock had its "hold (c-)" rating reissued by Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Separately, Wells Fargo & Company reduced their price objective on H2O America from $60.00 to $58.00 and set an "equal weight" rating on the stock in a report on Wednesday, July 30th. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $56.50.

H2O America Stock Up 0.8%

Shares of HTO opened at $48.01 on Wednesday. The company has a market capitalization of $1.69 billion, a P/E ratio of 15.74, a PEG ratio of 2.45 and a beta of 0.53. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.64 and a quick ratio of 0.64. H2O America has a one year low of $44.91 and a one year high of $60.56. The business's 50 day simple moving average is $49.27 and its 200-day simple moving average is $51.07.

H2O America (NASDAQ:HTO - Get Free Report) last announced its earnings results on Monday, July 28th. The utilities provider reported $0.75 EPS for the quarter, topping the consensus estimate of $0.71 by $0.04. The business had revenue of $198.26 million for the quarter, compared to the consensus estimate of $183.26 million. H2O America had a return on equity of 7.67% and a net margin of 13.03%. As a group, sell-side analysts predict that H2O America will post 2.75 EPS for the current fiscal year.

Institutional Trading of H2O America

Several institutional investors and hedge funds have recently made changes to their positions in HTO. Hughes Financial Services LLC bought a new stake in shares of H2O America during the 1st quarter valued at $47,000. GAMMA Investing LLC raised its position in shares of H2O America by 190.5% during the 1st quarter. GAMMA Investing LLC now owns 1,342 shares of the utilities provider's stock valued at $73,000 after acquiring an additional 880 shares during the last quarter. CWM LLC raised its position in shares of H2O America by 240.2% during the 1st quarter. CWM LLC now owns 1,395 shares of the utilities provider's stock valued at $76,000 after acquiring an additional 985 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of H2O America during the 1st quarter valued at $202,000. Finally, Teacher Retirement System of Texas bought a new stake in shares of H2O America in the 1st quarter valued at $252,000. Institutional investors own 84.29% of the company's stock.

About H2O America

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.