H2O America (NASDAQ:HTO) Stock Falls 4.1% - Here's What Happened

Key Points

• H2O America shares fell 4.1% to about $55.32, with trading volume down 89% from the stock’s average daily volume.
• Analyst sentiment remains moderately positive: five analysts rate the stock a Buy and four rate it a Hold, with an average price target of $65.33; Robert W. Baird raised its target to $72.
• The company exceeded quarterly EPS expectations, reporting $0.72 versus the $0.70 consensus, and pays a quarterly dividend of $0.44 per share, representing a 3.2% yield.

H2O America (NASDAQ:HTO - Get Free Report) shares were down 4.1% during trading on Monday. The stock traded as low as $55.54 and last traded at $55.3230. Approximately 54,906 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 486,066 shares. The stock had previously closed at $57.69.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HTO shares. 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. Wall Street Zen raised shares of H2O America from a "sell" rating to a "hold" rating in a report on Sunday, August 16th. Zacks Research upgraded shares of H2O America from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Weiss Ratings reissued a "hold (c+)" rating on shares of H2O America in a report on Monday, August 3rd. Finally, BTIG Research set a $70.00 target price on shares of H2O America in a report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $65.33.

H2O America Stock Performance

The stock has a fifty day moving average price of $62.00 and a two-hundred day moving average price of $60.34. The company has a market cap of $2.33 billion, a P/E ratio of 19.74, a PEG ratio of 6.65 and a beta of 0.33. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67.

H2O America (NASDAQ:HTO - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. H2O America had a return on equity of 6.65% and a net margin of 12.91%. The business had revenue of $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, equities analysts forecast that H2O America will post 2.80 earnings per share for the current fiscal year.

H2O America Dividend Announcement

The company also recently announced 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. The ex-dividend date of this dividend was Monday, August 10th. This represents a $1.76 annualized dividend and a yield of 3.2%. H2O America's payout ratio is presently 62.19%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Versant Capital Management Inc lifted its stake in H2O America by 22.0% during the second quarter. Versant Capital Management Inc now owns 980 shares of the utilities provider's stock valued at $60,000 after purchasing an additional 177 shares during the last quarter. Bessemer Group Inc. grew its position in H2O America by 44.6% in the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider's stock worth $39,000 after buying an additional 204 shares during the last quarter. Allworth Financial LP grew its position in H2O America by 54.2% in the second quarter. Allworth Financial LP now owns 683 shares of the utilities provider's stock worth $42,000 after buying an additional 240 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in H2O America by 76.2% in the first quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider's stock worth $53,000 after buying an additional 394 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its holdings in shares of H2O America by 11.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,812 shares of the utilities provider's stock valued at $224,000 after buying an additional 399 shares in the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

About H2O America

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