H2O America (NASDAQ:HTO) Share Price Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• H2O America shares rose above their 200-day moving average, reaching $62.99 and last trading at $62.67, compared with the $59.95 average.
• Analyst sentiment is broadly positive, with five Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $65.67. Recent targets range from $67 to $72.
• The company exceeded quarterly earnings expectations, reporting $0.72 per share versus the $0.70 consensus, while maintaining a quarterly dividend of $0.44 per share, equal to a 2.8% annualized yield.

H2O America (NASDAQ:HTO - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $59.95 and traded as high as $62.99. H2O America shares last traded at $62.67, with a volume of 1,668,519 shares trading hands.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Barclays upped their target price on shares of H2O America from $60.00 to $67.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. BTIG Research set a $70.00 target price on H2O America in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of H2O America in a research note on Monday, August 3rd. Zacks Research upgraded H2O America from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Finally, Robert W. Baird increased their price objective on H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $65.67.

H2O America Stock Performance

The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of 22.14, a price-to-earnings-growth ratio of 7.27 and a beta of 0.34. 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's 50-day simple moving average is $63.29 and its 200 day simple moving average is $59.95.

H2O America (NASDAQ:HTO - Get Free Report) last posted its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The company had revenue of $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts expect that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 10th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, August 10th. H2O America's dividend payout ratio (DPR) is currently 62.19%.

Insider Transactions at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was purchased at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the transaction, the insider owned 4,615,265 shares in the company, valued at $286,284,887.95. This trade represents a 0.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.52% of the company's stock.

Institutional Trading of H2O America

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. BlackRock Inc. acquired a new position in H2O America during the 2nd quarter worth about $431,857,000. Cerity Partners LLC acquired a new stake in H2O America in the 4th quarter valued at about $70,830,000. Nuance Investments LLC acquired a new stake in H2O America in the 4th quarter valued at about $44,420,000. ATLAS Infrastructure Partners UK Ltd. acquired a new stake in H2O America in the 4th quarter valued at about $28,614,000. Finally, Legal & General Group Plc bought a new position in shares of H2O America in the second quarter worth about $34,792,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

H2O America Company Profile

H2O America, Inc NASDAQ: HTO is a regulated water utility holding company that provides water and wastewater services to residential, commercial, industrial and public-sector customers. Through its operating subsidiaries, the company owns and manages water supply, treatment, storage and distribution infrastructure, and is responsible for delivering reliable drinking water and related utility services.

The company serves communities primarily in California, Connecticut and Maine. Its operations include the San Jose Water Company, which has a long history of serving customers in the greater San Jose area, as well as water utility businesses in the northeastern United States.

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