H2O America (NASDAQ:HTO) Stock Price Expected to Rise, Robert W. Baird Analyst Says

H2O America (NASDAQ:HTO) had its price objective hoisted by equities research analysts at Robert W. Baird from $67.00 to $72.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the utilities provider’s stock. Robert W. Baird’s price target points to a potential upside of 12.06% from the company’s previous close.

Several other research analysts have also issued reports on HTO. Wells Fargo & Company began coverage on H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 target price for the company. Bank of America reissued a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. TD Cowen began coverage on H2O America in a report on Thursday, April 16th. They set a “hold” rating and a $64.00 price objective for the company. Barclays upped their price objective on H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Finally, Weiss Ratings upgraded H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, H2O America presently has a consensus rating of “Moderate Buy” and a consensus price target of $65.17.

H2O America Stock Performance

NASDAQ HTO opened at $64.25 on Wednesday. The company has a market cap of $2.69 billion, a P/E ratio of 22.70, a P/E/G ratio of 7.60 and a beta of 0.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02. The business’s 50 day moving average price is $59.80 and its 200-day moving average price is $57.34. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $67.09.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 EPS 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 6.86%. 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. Sell-side analysts predict that H2O America will post 2.7 earnings per share for the current year.

Insider Buying and Selling

In other H2O America 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 acquired at an average price of $62.03 per share, with a total value of $172,691.52. Following the transaction, the insider owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.52% of the company’s stock.

Hedge Funds Weigh In On H2O America

A number of hedge funds and other institutional investors have recently modified their holdings of HTO. Versant Capital Management Inc raised its stake in H2O America by 22.0% in the second quarter. Versant Capital Management Inc now owns 980 shares of the utilities provider’s stock worth $60,000 after buying an additional 177 shares in the last quarter. Bessemer Group Inc. lifted its position in shares of H2O America by 44.6% during the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after buying an additional 204 shares during the last quarter. New Age Alpha Advisors LLC lifted its position in shares of H2O America by 0.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock valued at $3,020,000 after buying an additional 239 shares during the last quarter. Magellan Asset Management Ltd boosted its holdings in shares of H2O America by 1.3% in the 4th quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider’s stock valued at $1,070,000 after buying an additional 285 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted 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 buying an additional 347 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

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.