Wall Street Zen Upgrades H2O America (NASDAQ:HTO) to Hold

Key Points

• Wall Street Zen upgraded H2O America from “sell” to “hold,” while analysts overall maintain a “Moderate Buy” consensus with an average price target of $65.67.
• HTO shares rose 0.9% to open at $63.85, near their 12-month high of $67.09. The company recently reported quarterly EPS of $0.72, exceeding the $0.70 consensus estimate, on revenue of $210.47 million.
• Institutional investors own 84.29% of H2O America, and major shareholder Atlas Infrastructure Partners recently purchased 2,784 shares at an average price of $62.03.

H2O America (NASDAQ:HTO - Get Free Report) was upgraded by research analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a note issued to investors on Sunday.

Several other equities research analysts have also recently commented on HTO. Bank of America reiterated a "buy" rating on shares of H2O America in a research report on Wednesday, April 22nd. Weiss Ratings restated a "hold (c+)" rating on shares of H2O America in a research report on Monday, August 3rd. Seaport Research Partners reaffirmed a "buy" rating and issued a $67.00 price objective on shares of H2O America in a research note on Wednesday. Robert W. Baird boosted their target price on shares of H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Finally, Wells Fargo & Company assumed coverage on shares of H2O America in a report on Monday, May 11th. They issued an "equal weight" rating and a $60.00 target price on the stock. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $65.67.

H2O America Stock Up 0.9%

HTO opened at $63.85 on Friday. H2O America has a 12 month low of $43.75 and a 12 month high of $67.09. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. The business has a 50-day moving average of $61.07 and a two-hundred day moving average of $58.18. The stock has a market capitalization of $2.67 billion, a price-to-earnings ratio of 22.56, a price-to-earnings-growth ratio of 7.36 and a beta of 0.34.

H2O America (NASDAQ:HTO - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, beating the consensus estimate 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, research analysts expect that H2O America will post 2.8 earnings per share for the current year.

Insiders Place Their Bets

In other news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the business's stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of $62.03 per share, with a total value of $172,691.52. Following the purchase, the insider directly owned 4,615,265 shares in the company, valued at $286,284,887.95. This trade represents a 0.06% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.52% of the company's stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Versant Capital Management Inc raised its position 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 buying an additional 177 shares during the period. Bessemer Group Inc. boosted its position in H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider's stock worth $39,000 after acquiring an additional 204 shares during the period. New Age Alpha Advisors LLC grew its stake in H2O America by 0.4% during the 4th quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider's stock valued at $3,020,000 after acquiring an additional 239 shares in the last quarter. Magellan Asset Management Ltd grew its stake in H2O America by 1.3% during the 4th quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider's stock valued at $1,070,000 after acquiring an additional 285 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its holdings in shares of H2O America by 194.9% in the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 347 shares during the period. Hedge funds and other institutional investors own 84.29% of the company's stock.

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.

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