H2O America (NASDAQ:HTO) Given New $60.00 Price Target at Barclays

H2O America (NASDAQ:HTO) had its target price cut by Barclays from $63.00 to $60.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an overweight rating on the utilities provider’s stock.

HTO has been the subject of a number of other research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Robert W. Baird started coverage on H2O America in a research report on Friday, March 13th. They issued an “outperform” rating and a $67.00 price target for the company. Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, UBS Group set a $61.00 price target on H2O America in a research report on Friday, January 9th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.40.

H2O America Stock Performance

Shares of NASDAQ HTO opened at $58.22 on Wednesday. The business’s 50-day moving average price is $56.50 and its two-hundred day moving average price is $51.65. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.70. H2O America has a one year low of $43.75 and a one year high of $60.18. The company has a market capitalization of $2.44 billion, a P/E ratio of 19.94, a price-to-earnings-growth ratio of 3.00 and a beta of 0.42.

H2O America (NASDAQ:HTO) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The company had revenue of $194.19 million during the quarter, compared to analysts’ expectations of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts anticipate that H2O America will post 2.75 earnings per share for the current fiscal year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, February 9th. H2O America’s payout ratio is currently 60.27%.

Insider Buying and Selling

In other H2O America news, major shareholder Atlas Infrastructure Partners purchased 50,385 shares of the company’s stock in a transaction on Friday, April 10th. The shares were bought at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the transaction, the insider directly owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This represents a 1.11% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.38% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC lifted its position in shares of H2O America by 0.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock worth $3,020,000 after acquiring an additional 239 shares during the period. Magellan Asset Management Ltd lifted its position 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 worth $1,070,000 after acquiring an additional 285 shares during the period. Quadrant Capital Group LLC raised 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 worth $26,000 after buying an additional 347 shares in the last quarter. MetLife Investment Management LLC raised its holdings in shares of H2O America by 2.1% in the 4th quarter. MetLife Investment Management LLC now owns 18,331 shares of the utilities provider’s stock worth $898,000 after buying an additional 379 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of H2O America by 1,020.8% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock worth $29,000 after buying an additional 541 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

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.