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H2O America

HTO·NASDAQ

$56.55

+0.80%
UtilitiesRegulated Water

H2O America, through its subsidiaries, provides water utility and other related services in the United States. 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 Santa Clara Valley Water District. It also offers non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services, sewer operations, and other water related services; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine. In addition, the company provides water services to approximately 232,000 connections that serve approximately one million people residing in portions of the cities of San Jose and Cupertino and in the cities of Campbell, Monte Sereno, Saratoga and the Town of Los Gatos, and adjacent unincorporated territories in the County of Santa Clara in the State of California; water service to approximately 142,000 service connections, which serve a population of approximately 463,000 people in 81 municipalities with a service area of approximately 275 square miles in Connecticut and Maine and approximately 3,000 wastewater connections in Southbury, Connecticut; approximately 29,000 service connections that serve approximately 88,000 people in a service area comprising more than 271 square miles in the region between San Antonio and Austin, Texas and approximately 1,000 wastewater connections. Further, it owns undeveloped land in California; and commercial properties and parcels of land in Connecticut. The company was formerly known as SJW Group and changed its name to H2O America in May 2025. H2O America was incorporated in 1985 and is headquartered in San Jose, California.

At a Glance

Live Snapshot
Market Cap$1.98B
EPS2.9300
P/E Ratio19.30
Earnings Date07/27/2026
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H2O America Street Expectations Map

HTO · NASDAQ

Wall Street analysts project that HTO stock may experience modest gains over the coming 12 months. The consensus 1-year price target stands at 61.80, with estimates ranging from a low of 60.00 to a high of 64.00.

Lowest Target
60.00
6.10%
Consensus Target
61.80
9.28%
Highest Target
64.00
13.17%

The consensus 1-year price target stands at 61.80, with estimates ranging from a low of 60.00 to a high of 64.00.

Analyst Consensus Analysis

Upside Potential

+9.3%

Moderate upside. Analysts expect positive returns but with limited margin of safety. Consider entry timing.

Analyst Agreement

6.5% spread

High analyst agreement. Narrow target range indicates strong consensus on valuation, suggesting clear investment thesis and predictable outlook.

Analyst Conviction

High

Positive outlook with reasonable agreement. Analysts generally optimistic about prospects with manageable uncertainty.

Market Sentiment Insight

Monitor and evaluate: Current analyst consensus suggests limited conviction or near-term catalysts. Stay informed on company developments and reassess positioning as new information emerges.

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H2O America Forward Estimates of Revenue

HTO · NASDAQ
Latest Revenue
800.59M
FY 2025
Avg Estimate
884.16M
FY 2026
Estimate Range
845.05M - 913.66M
Analyst Spread

Forward Growth Analysis

Projected Growth+10.4%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread8%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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H2O America Forward Estimates of Net Income

HTO · NASDAQ
Latest Net Income
102.58M
FY 2025
Avg Estimate
98.05M
FY 2026
Estimate Range
93.10M - 102.99M
Analyst Spread

Forward Growth Analysis

Projected Growth-4.4%

Declining expectations indicate headwinds—investigate whether temporary or structural issues.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread10%

Reasonable estimate spread indicates general agreement with normal forecast variance.

OutlookNeutral

Mixed signals—some positive indicators offset by concerns about growth or uncertainty.

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H2O America Forward Estimates of EPS

HTO · NASDAQ
Latest EPS
2.93
FY 2025
Avg Estimate
$2.75
FY 2026
Estimate Range
$2.59 - $2.86
Analyst Spread

Forward Growth Analysis

Projected Growth-6.2%

Declining expectations indicate headwinds—investigate whether temporary or structural issues.

Analyst Coverage5 Analysts

Moderate coverage—sufficient for guidance but may lack depth of large-cap analysis.

Estimate Spread10%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signals—some positive indicators offset by concerns about growth or uncertainty.

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H2O America Forward Estimates of EBIT

HTO · NASDAQ
Latest EBIT
206.00M
FY 2025
Avg Estimate
265.83M
FY 2026
Estimate Range
254.08M - 274.70M
Analyst Spread

Forward Growth Analysis

Projected Growth+29.0%

Strong growth expectations signal robust business momentum and market opportunity expansion.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread8%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

Key Insight

Compelling growth story with analyst consensus: Strong projected growth combined with narrow estimate spread suggests high-conviction opportunity.

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H2O America Forward Estimates of EBITDA

HTO · NASDAQ
Latest EBITDA
321.33M
FY 2025
Avg Estimate
366.04M
FY 2026
Estimate Range
349.85M - 378.25M
Analyst Spread

Forward Growth Analysis

Projected Growth+13.9%

Solid growth trajectory indicates healthy business performance and competitive positioning.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread8%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookPositive

Generally favorable outlook with reasonable growth prospects and analyst support.

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H2O America Forward Estimates of SG&A Expense

HTO · NASDAQ
Latest SG&A Expense
151.25M
FY 2025
Avg Estimate
138.53M
FY 2026
Estimate Range
132.41M - 143.16M
Analyst Spread

Forward Growth Analysis

Projected Growth-8.4%

Declining expectations indicate headwinds—investigate whether temporary or structural issues.

Analyst Coverage3 Analysts

Limited coverage may indicate reduced institutional interest or information availability.

Estimate Spread8%

Narrow estimate range signals strong analyst consensus and predictable business outlook.

OutlookNeutral

Mixed signals—some positive indicators offset by concerns about growth or uncertainty.

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H2O America Insider Positioning

HTO · NASDAQ

During the last 12 months, insiders have purchased $7.74M and sold $105K worth of HTO shares, resulting in $7.63M of net buying activity.

3 Months

Bought

131.8K

7.74M

Sold

0

0.00

Net Activity

+7.7M

+$7.74M

3-6 Months

Bought

0

0.00

Sold

0

0.00

Net Activity

+0

+$0

6-9 Months

Bought

0

0.00

Sold

2.1K

99.16K

Net Activity

-99K

-$99K

9-12 Months

Bought

0

0.00

Sold

116

5.91K

Net Activity

-6K

-$6K

Top Buyers

1
AIP(L

Atlas Infrastructure Partners (Uk) Ltd.

10 Percent Owner

81.4K shares2 transactions

$4.76M

2
GAHL

Gip Atlas Holdings Ltd

10 Percent Owner

50.4K shares1 transactions

$2.98M

Top Sellers

1
WAF

Walters Andrew F

Director, Officer: Chief Executive Officer

2.1K shares1 transactions

$99K

2
HBA

Hauk Bruce A

Officer: President And Coo

116 shares1 transactions

$6K

Insider Activity Analysis

Net Insider Sentiment

Bullish

Strong bullish signal with $7.63M net buying. Insiders are aggressively accumulating shares, suggesting significant confidence in future prospects.

Buy/Sell Ratio

73.64:1

Exceptional buy/sell ratio. Buying dramatically outweighs selling—one of the strongest possible insider signals.

Recent Trend (3 Months)

$7.74M

Very strong recent buying momentum. Recent insider purchases significantly outpace sales, suggesting near-term optimism.

Insider Participation

Balanced

2 insider buyers and 2 sellers. Equal participation suggests mixed or neutral insider views.

Insider Activity Insight

Compelling insider conviction: The combination of strong buy/sell ratio and multiple buyers suggests insiders see attractive risk/reward. Consider this alongside fundamental analysis for confirmation.