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H2O America Advances Major Quadvest Texas Utility Acquisition

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H2O America Advances Major Quadvest Texas Utility Acquisition

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H2O America ( (HTO) ) has provided an update.

On December 29, 2025, H2O America announced that its Texas subsidiary, The Texas Water Company, received appraised fair market values from three Public Utility Commission of Texas-appointed appraisers for the assets of Quadvest LP, a regulated investor-owned water and wastewater utility serving the Houston metropolitan area. Under Texas’ fair market value statute, the agreed purchase price of $483.6 million will serve as the ratemaking rate base, and TWC plans to file a Sale-Transfer-Merger application with the state regulator by mid-January to seek approval of the acquisition and certification of the rate base, marking a key step toward expanding H2O America’s footprint in the Texas water and wastewater market and potentially enhancing its regulatory and earnings profile as it targets a mid-2026 close.

The most recent analyst rating on (HTO) stock is a Hold with a $51.00 price target. To see the full list of analyst forecasts on H2O America stock, see the HTO Stock Forecast page.

Spark’s Take on HTO Stock

According to Spark, TipRanks’ AI Analyst, HTO is a Neutral.

H2O America’s overall stock score reflects strong financial performance and strategic investments, tempered by cash flow challenges and technical indicators suggesting a bearish trend. The company’s valuation is reasonable, and recent corporate events enhance financial flexibility.

To see Spark’s full report on HTO stock, click here.

More about H2O America

H2O America is one of the largest investor-owned pure-play water and wastewater utilities in the United States, providing water service to more than 1.6 million people through locally operated subsidiaries in California, Connecticut, Maine and Texas. Its utilities, including The Texas Water Company, leverage financial strength, operational expertise and technology to deliver regulated water and wastewater services while investing in infrastructure, environmental stewardship and long-term value for shareholders.

Average Trading Volume: 363,401

Technical Sentiment Signal: Sell

Current Market Cap: $1.75B

See more data about HTO stock on TipRanks’ Stock Analysis page.

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