H2o America (HTO)
NASDAQ:HTO
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HTO Stock Chart & Stats
$58.05
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Market closed
$58.05
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Day’s Range― - ―
52-Week Range$43.75 - $61.87
Previous CloseN/A
VolumeN/A
Average Volume (3M)459.70K
Market Cap
$2.39B
Enterprise Value$3.75B
Total Cash (Recent Filing)$153.01M
Total Debt (Recent Filing)$1.87B
Price to Earnings (P/E)20.6
Beta0.03
Next Earnings
Jul 23, 2026EPS Estimate
0.7Next Dividend Ex-DateN/A
Dividend Yield3.4%
Share Statistics
EPS (TTM)2.93
Shares Outstanding41,840,250
10 Day Avg. Volume429,139
30 Day Avg. Volume459,697
Financial Highlights & Ratios
PEG Ratio3.69
Price to Book (P/B)1.14
Price to Sales (P/S)2.20
P/FCF Ratio-6.32
Enterprise Value/Market Cap1.57
Enterprise Value/Revenue4.59
Enterprise Value/Gross Profit8.27
Enterprise Value/Ebitda12.04
Forecast
1Y Price Target
$61.80Price Target Upside6.46% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)2.75
Revenue Forecast (FY)$884.16M
Bulls Say, Bears Say
Bulls Say
Stable Regulated Revenues & MarginsConsistent revenue expansion and steady ~12–13% net margins reflect a predictable, rate‑regulated cash flow model. This stability underpins durable earnings quality and supports multi-year planning, reducing earnings volatility versus nonregulated peers and aiding long-term credit profile resilience.
Strong Liquidity And Capital Markets AccessAn oversubscribed $700M equity raise, affirmed A‑ rating and available bank lines materially improve funding flexibility for multi-year capex and acquisitions. This durable liquidity cushion lowers refinancing risk during the large 2026–2030 capex cycle and supports planned deleveraging.
Regulatory Recovery Supports Capex And Rate‑base GrowthA capital plan where ~80% of $2.7B is expected to be recovered through rates creates structural earnings and cash‑flow support as the rate base grows. Timely regulatory recovery mechanisms make capex returns more predictable and sustainably expand regulated earnings capacity over years.
Bears Say
Historically Negative Free Cash FlowPersistent negative free cash flow through 2025 reflects heavy, ongoing capex typical of water utilities and constrains internal funding for growth or debt reduction. Though TTM FCF turned modestly positive, it remains small relative to net income, limiting self‑funding and elevating reliance on external capital.
Elevated Historical Leverage; Tight Near‑term MetricsMulti-year leverage above 1x has reduced financial flexibility and left coverage metrics close to S&P downgrade triggers. While reported TTM debt fell sharply, that step‑change must be sustained; otherwise, elevated leverage could constrain future investments or increase borrowing costs during the capex cycle.
EPS Dilution From Recent Equity IssuanceLarge equity issuance improved liquidity but diluted EPS despite rising net income, reducing per‑share earnings growth in the near term. Persistent dilution can dampen per‑share returns and complicate achievement of stated long‑term EPS CAGR targets unless offset by accretive acquisitions or outsized organic margin expansion.
H2O America News
HTO FAQ
What was H2o America’s price range in the past 12 months?
H2o America lowest stock price was $43.75 and its highest was $61.87 in the past 12 months.
What is H2o America’s market cap?
H2o America’s market cap is $2.39B.
When is H2o America’s upcoming earnings report date?
H2o America’s upcoming earnings report date is Jul 23, 2026 which is in 39 days.
How were H2o America’s earnings last quarter?
H2o America released its earnings results on Apr 28, 2026. The company reported $0.5 earnings per share for the quarter, beating the consensus estimate of $0.493 by $0.007.
Is H2o America overvalued?
According to Wall Street analysts H2o America’s price is currently Undervalued.
Does H2o America pay dividends?
H2o America pays a Quarterly dividend of $0.44 which represents an annual dividend yield of 3.4%. See more information on H2o America dividends here
What is H2o America’s EPS estimate?
H2o America’s EPS estimate is 0.7.
How many shares outstanding does H2o America have?
H2o America has 41,840,250 shares outstanding.
What happened to H2o America’s price movement after its last earnings report?
H2o America reported an EPS of $0.5 in its last earnings report, beating expectations of $0.493. Following the earnings report the stock price went down -2.683%.
Which hedge fund is a major shareholder of H2o America?
Currently, no hedge funds are holding shares in HTO
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology
H2O America Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$61.80 (6.46% Upside)
$61.80 (6.46% Upside)
Blogger Sentiment
Bullish
HTO Sentiment 70%
Sector Average 74%
Sector Average 74%
Hedge Fund Trend
Increased
By 3.0M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Bought Shares
Worth $6.0M over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Negative
Last 7 Days ▼ 6.5%
Last 30 Days ▼ 1.3%
Last 30 Days ▼ 1.3%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
10.32%
12-Months-Change
Fundamentals
Return on Equity
6.60%
Trailing 12-Months
Asset Growth
13.21%
Trailing 12-Months
Company Description
H2o America
H2O America, operating nationwide via its various subsidiaries, is a key provider of essential water utility and associated services. The company manages the entire water lifecycle, from procuring, storing, and purifying water to its distribution, wholesale, and retail sale, alongside offering wastewater management services. Its water supply is diverse, sourced from groundwater wells, surface water collected through watershed runoff and diversions, reclaimed water, and imported water acquired from the Santa Clara Valley Water District. Beyond its primary utility offerings, H2O America also delivers a suite of non-regulated services. These include the management and maintenance of water systems, various contracted services, leasing opportunities for antenna sites, and other water and sewer operational services. A notable offering is the "Linebacker protection plan," specifically tailored for its public drinking water clients in Connecticut and Maine. The company's extensive service footprint spans several regions. In California, it supplies water to approximately 232,000 connections, benefiting about one million residents in portions of San Jose and Cupertino, as well as the cities of Campbell, Monte Sereno, Saratoga, the Town of Los Gatos, and surrounding unincorporated areas of Santa Clara County. In Connecticut and Maine, H2O America serves roughly 142,000 connections, providing water to an estimated 463,000 individuals across 81 municipalities within an approximate 275-square-mile service area. Additionally, it oversees around 3,000 wastewater connections in Southbury, Connecticut. Further south, in the corridor between San Antonio and Austin, Texas, the company services approximately 29,000 water connections for about 88,000 people across an area exceeding 271 square miles, supplemented by approximately 1,000 wastewater connections. H2O America also holds various real estate assets, including undeveloped land in California and both commercial properties and land parcels situated in Connecticut. The company, which was incorporated in 1985 and is headquartered in San Jose, California, was previously known as SJW Group before officially rebranding to H2O America in May 2025.
HTO Company Deck
HTO Earnings Call
Q1 2026
0:00 / 0:00
Earnings Call Sentiment|Positive
The call emphasized several strong strategic and financial positives: a very successful $700M equity raise, underlying net income growth of ~15%, reaffirmed full-year guidance, a detailed $2.7B five-year capital plan with ~80% expected to qualify for regulatory recovery, and concrete progress on QuadVest and other regulatory filings. Offsetting items include EPS dilution from a higher share count leaving EPS flat despite net income growth, rising operating and water production costs, significant near-term project costs (PFAS remediation, Texas investments), and timing/regulatory risk around the QuadVest closing and future Texas rate cases. On balance, the highlights — particularly the oversubscribed equity financing, strong liquidity, affirmed guidance, and visible regulatory recovery mechanisms — materially outweigh the headwinds.View all HTO earnings summariesHTO Stock 12 Month Forecast
Average Price Target
$61.80
▲(6.46% Upside)
Technical Analysis
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Ownership Overview
22.34% Insiders
13.61% Mutual Funds
12.25% Other Institutional Investors
24.04% Public Companies and Individual Investors