Symbols / HTO Stock $59.72 -2.59% H2O America

Utilities • Utilities - Regulated Water • United States • NMS
HTO (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
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Index EQUITY
Sector Utilities
Industry Utilities - Regulated Water
CEO Mr. Andrew F. Walters
Exch · Country NMS · United States
Market Cap 2.50B
Enterprise Value 4.12B
Income 102.58M
Sales 800.59M
FCF (ttm) -256.56M
Book/sh 42.66
Cash/sh 0.57
Employees 837
Insider 10d —
IPO Jun 01, 1972
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 57.53%
P/E 20.45
Forward P/E 21.58
PEG 2.64
P/S 3.12
P/B 1.40
P/C —
EV/EBITDA 13.37
EV/Sales 5.14
Quick Ratio 0.59
Current Ratio 0.70
Debt/Eq 128.32
LT Debt/Eq —
EPS (ttm) 2.92
EPS next Y 2.77
EPS Growth -34.40%
Revenue Growth -1.80%
EPS Gr Q/Q -29.20%
Rev Gr Q/Q —
Earnings (next) 2026-04-28
Earnings (prior) 2026-02-25
ROA 2.39%
ROE 7.06%
ROIC —
Gross Margin 57.03%
Oper. Margin 19.69%
Profit Margin 12.81%
Shs Outstand 41.84M
Shs Float 31.53M
Insider Own 17.57%
Instit Own 95.05%
Short Float 15.16%
Short Ratio 7.96
Short Interest 4.77M
52W High 61.87
vs 52W High -3.48%
52W Low 43.75
vs 52W Low 36.50%
Beta 0.41
Impl. Vol. 0.39%
Rel Volume 2.55
Avg Volume 584.81K
Volume 1.49M
Target (mean) $64.33
Tgt Median $65.00
Tgt Low $60.00
Tgt High $67.00
# Analysts 6
Recom Strong_buy
Prev Close $61.31
Price $59.72
Change -2.59%
About

H2O America, through its subsidiaries, provides water utility and other related services in the United States. The company engages in 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 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; 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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$64.33
Mean price target
2. Current target
$59.72
Latest analyst target
3. DCF / Fair value
$-110.38
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$59.72
Low
$60.00
High
$67.00
Mean
$64.33

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-17 init TD Cowen — → Hold $64
2026-04-15 main Barclays Overweight → Overweight $60
2026-03-13 init Baird — → Outperform $67
2026-03-09 main Barclays Overweight → Overweight $63
2026-02-23 init Barclays — → Overweight $61
2026-01-09 up BTIG Neutral → Buy $61
2025-07-30 main Wells Fargo Equal-Weight → Equal-Weight $58
2025-04-29 main Wells Fargo Equal-Weight → Equal-Weight $60
2025-04-11 main Seaport Global Buy → Buy $59
2025-02-28 main Wells Fargo Equal-Weight → Equal-Weight $57
2025-02-03 up B of A Securities Neutral → Buy $55
2025-01-07 main Wells Fargo Equal-Weight → Equal-Weight $53
News
RSS: Latest HTO news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-10 ATLAS GLOBAL INFRASTRUCTURE UCITS ICAV Beneficial Owner of more than 10% of a Class of Security — 50,385 $59.06 $2,975,919
2026-04-10 GIP ATLAS HOLDINGS LTD. Beneficial Owner of more than 10% of a Class of Security — 50,385 $59.06 $2,975,919
2026-02-27 WALTERS ANDREW F Chief Executive Officer — 7,654 $0.00 $0
2026-02-27 KELLY ANN P Chief Financial Officer — 1,707 $0.00 $0
2026-02-27 HAUK BRUCE A. President — 4,246 $0.00 $0
2026-02-27 BROWN WILLIE D JR General Counsel — 2,647 $0.00 $0
2026-02-27 MATTERN MEGAN Officer — 2,166 $0.00 $0
2026-02-27 ROWE NICK ORLANDO Director — 505 $0.00 $0
2026-02-27 JOHNSON A KRISTEN Officer — 2,575 $0.00 $0
2025-11-13 WALTERS ANDREW F Chief Executive Officer — 2,100 $47.22 $99,162
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
800.59
+6.97%
748.44
+11.65%
670.36
+8.00%
620.70
Operating Revenue
800.59
+6.97%
748.44
+11.65%
670.36
+8.00%
620.70
Cost Of Revenue
344.06
+6.41%
323.32
+14.68%
281.93
+6.98%
263.52
Reconciled Cost Of Revenue
338.89
+5.53%
321.13
+14.83%
279.66
+6.94%
261.50
Gross Profit
456.53
+7.39%
425.12
+9.44%
388.43
+8.75%
357.17
Operating Expense
279.01
+9.58%
254.61
+6.53%
239.00
+2.84%
232.39
Selling General And Administration
126.00
+19.06%
105.83
+7.27%
98.66
+3.41%
95.40
General And Administrative Expense
126.00
+19.06%
105.83
+7.27%
98.66
+3.41%
95.40
Other Gand A
126.00
+19.06%
105.83
+7.27%
98.66
+3.41%
95.40
Total Expenses
623.06
+7.81%
577.94
+10.94%
520.93
+5.04%
495.92
Operating Income
177.53
+4.12%
170.50
+14.10%
149.44
+19.76%
124.78
Total Operating Income As Reported
177.53
+4.12%
170.50
+14.10%
149.44
+14.09%
130.98
EBITDA
308.00
+6.43%
289.38
+9.11%
265.23
+7.45%
246.82
Normalized EBITDA
308.00
+6.43%
289.38
+9.11%
265.23
+10.22%
240.63
Reconciled Depreciation
120.49
+4.73%
115.05
+6.39%
108.14
+1.60%
106.44
EBIT
187.51
+7.56%
174.33
+10.97%
157.09
+11.90%
140.39
Total Unusual Items
—
—
0.00
-100.00%
6.20
Total Unusual Items Excluding Goodwill
—
—
0.00
-100.00%
6.20
Special Income Charges
—
—
0.00
0.00
Impairment Of Capital Assets
—
—
0.00
0.00
Restructuring And Mergern Acquisition
—
—
—
—
Net Income
102.58
+9.16%
93.97
+10.57%
84.99
+15.11%
73.83
Pretax Income
114.93
+11.65%
102.94
+13.19%
90.94
+10.47%
82.32
Net Non Operating Interest Income Expense
-72.58
-1.66%
-71.39
-7.93%
-66.14
-13.92%
-58.06
Interest Expense Non Operating
72.58
+1.66%
71.39
+7.93%
66.14
+13.92%
58.06
Net Interest Income
-72.58
-1.66%
-71.39
-7.93%
-66.14
-13.92%
-58.06
Interest Expense
72.58
+1.66%
71.39
+7.93%
66.14
+13.92%
58.06
Interest Income Non Operating
—
—
—
—
Interest Income
—
—
—
—
Other Income Expense
9.98
+161.01%
3.82
-50.03%
7.65
-50.96%
15.61
Other Non Operating Income Expenses
9.98
+161.01%
3.82
-50.03%
7.65
-18.66%
9.41
Gain On Sale Of Security
—
—
—
6.20
Gain On Sale Of Business
—
—
—
0.00
Tax Provision
12.36
+37.74%
8.97
+50.60%
5.96
-29.90%
8.50
Tax Rate For Calcs
0.00
+22.22%
0.00
+37.42%
0.00
-36.54%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
-100.00%
0.64
Net Income Including Noncontrolling Interests
102.58
+9.16%
93.97
+10.57%
84.99
+15.11%
73.83
Net Income From Continuing Operation Net Minority Interest
102.58
+9.16%
93.97
+10.57%
84.99
+15.11%
73.83
Net Income From Continuing And Discontinued Operation
102.58
+9.16%
93.97
+10.57%
84.99
+15.11%
73.83
Net Income Continuous Operations
102.58
+9.16%
93.97
+10.57%
84.99
+15.11%
73.83
Minority Interests
—
—
—
—
Normalized Income
102.58
+9.16%
93.97
+10.57%
84.99
+24.49%
68.27
Net Income Common Stockholders
102.58
+9.16%
93.97
+10.57%
84.99
+15.11%
73.83
Diluted EPS
—
2.87
+7.09%
2.68
+10.29%
2.43
Basic EPS
—
2.87
+6.69%
2.69
+10.25%
2.44
Basic Average Shares
—
32.70
+3.57%
31.57
+4.19%
30.30
Diluted Average Shares
—
32.78
+3.53%
31.66
+4.07%
30.42
Diluted NI Availto Com Stockholders
102.58
+9.16%
93.97
+10.57%
84.99
+15.11%
73.83
Depreciation Amortization Depletion Income Statement
115.32
+2.19%
112.86
+6.60%
105.87
+1.39%
104.42
Depreciation And Amortization In Income Statement
115.32
+2.19%
112.86
+6.60%
105.87
+1.39%
104.42
Other Taxes
37.69
+4.89%
35.93
+4.21%
34.48
+5.84%
32.57
Line Item Trend 2023-12-31
Total Assets
4,345.07
Current Assets
198.39
Cash Cash Equivalents And Short Term Investments
9.72
Cash And Cash Equivalents
9.72
Cash Financial
—
Receivables
126.28
Accounts Receivable
67.87
Gross Accounts Receivable
74.42
Allowance For Doubtful Accounts Receivable
-6.55
Other Receivables
3.68
Taxes Receivable
5.19
Prepaid Assets
11.11
Restricted Cash
—
Assets Held For Sale Current
40.85
Other Current Assets
10.42
Total Non Current Assets
4,146.68
Net PPE
3,155.60
Gross PPE
4,116.31
Accumulated Depreciation
-960.71
Construction In Progress
106.98
Other Properties
4,009.33
Goodwill And Other Intangible Assets
683.75
Goodwill
640.31
Other Intangible Assets
43.44
Investments And Advances
16.41
Other Non Current Assets
8.06
Total Liabilities Net Minority Interest
3,111.67
Current Liabilities
342.97
Payables And Accrued Expenses
98.64
Payables
46.12
Accounts Payable
46.12
Current Accrued Expenses
52.52
Employee Benefits
46.84
Total Tax Payable
0.00
Income Tax Payable
0.00
Current Debt And Capital Lease Obligation
220.47
Current Debt
220.47
Other Current Borrowings
48.98
Other Current Liabilities
23.85
Total Non Current Liabilities Net Minority Interest
2,768.70
Long Term Debt And Capital Lease Obligation
1,526.70
Long Term Debt
1,526.70
Defined Pension Benefit
33.79
Non Current Pension And Other Postretirement Benefit Plans
46.84
Non Current Deferred Liabilities
385.11
Non Current Deferred Taxes Liabilities
238.53
Other Non Current Liabilities
348.94
Stockholders Equity
1,233.40
Common Stock Equity
1,233.40
Capital Stock
0.03
Common Stock
0.03
Share Issued
32.02
Ordinary Shares Number
32.02
Treasury Shares Number
0.00
Additional Paid In Capital
736.19
Retained Earnings
495.38
Gains Losses Not Affecting Retained Earnings
1.79
Other Equity Adjustments
1.79
Total Equity Gross Minority Interest
1,233.40
Total Capitalization
2,760.10
Working Capital
-144.59
Invested Capital
2,980.57
Total Debt
1,747.17
Net Debt
1,737.45
Net Tangible Assets
549.64
Tangible Book Value
549.64
Interest Payable
15.82
Investment Properties
13.16
Line Of Credit
171.50
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
244.80
+25.20%
195.53
+2.46%
190.83
+14.82%
166.20
Cash Flow From Continuing Operating Activities
244.80
+25.20%
195.53
+2.46%
190.83
+14.82%
166.20
Net Income From Continuing Operations
102.58
+9.16%
93.97
+10.57%
84.99
+15.11%
73.83
Depreciation Amortization Depletion
120.49
+4.73%
115.05
+6.39%
108.14
+1.60%
106.44
Depreciation And Amortization
120.49
+4.73%
115.05
+6.39%
108.14
+1.60%
106.44
Other Non Cash Items
1.59
+106.04%
-26.26
-1142.29%
-2.11
-36.30%
-1.55
Stock Based Compensation
6.44
+14.60%
5.62
+21.00%
4.65
-3.01%
4.79
Asset Impairment Charge
—
—
0.00
0.00
Deferred Tax
5.18
-49.95%
10.36
+221.68%
-8.51
-162.33%
-3.24
Deferred Income Tax
5.18
-49.95%
10.36
+221.68%
-8.51
-162.33%
-3.24
Operating Gains Losses
—
0.57
—
-6.20
Gain Loss On Investment Securities
—
0.57
—
-6.20
Change In Working Capital
8.52
+325.51%
-3.78
-202.61%
3.68
+146.82%
-7.87
Change In Receivables
-3.23
+74.46%
-12.66
-16.51%
-10.87
-32.19%
-8.22
Change In Payables And Accrued Expense
13.48
+176.31%
4.88
-7.29%
5.26
+370.42%
1.12
Change In Accrued Expense
4.20
+557.90%
0.64
-86.61%
4.77
+90.35%
2.51
Change In Payable
9.28
+118.82%
4.24
+761.99%
0.49
+135.45%
-1.39
Change In Account Payable
9.28
+118.82%
4.24
+761.99%
0.49
+135.45%
-1.39
Change In Other Working Capital
-1.73
-143.16%
4.00
-56.89%
9.29
+1315.71%
-0.76
Investing Cash Flow
-520.10
-52.93%
-340.10
-5.53%
-322.27
-31.90%
-244.33
Cash Flow From Continuing Investing Activities
-520.10
-52.93%
-340.10
-5.53%
-322.27
-31.90%
-244.33
Net PPE Purchase And Sale
-522.90
-37.38%
-380.64
-30.93%
-290.72
-19.03%
-244.24
Purchase Of PPE
-522.90
-37.38%
-380.64
-30.93%
-290.72
-19.03%
-244.24
Capital Expenditure
-522.90
-37.38%
-380.64
-30.93%
-290.72
-19.03%
-244.24
Net Business Purchase And Sale
0.00
0.00
+100.00%
-7.54
-1640.65%
-0.43
Purchase Of Business
0.00
0.00
+100.00%
-7.54
-1640.65%
-0.43
Gain Loss On Sale Of Business
—
—
—
—
Net Other Investing Changes
—
-0.03
+99.88%
-24.24
-2586.56%
0.97
Financing Cash Flow
284.87
+95.17%
145.96
+13.31%
128.82
+64.41%
78.35
Cash Flow From Continuing Financing Activities
284.87
+95.17%
145.96
+13.31%
128.82
+64.41%
78.35
Net Issuance Payments Of Debt
149.01
+79.33%
83.09
+7.11%
77.58
+24.31%
62.41
Issuance Of Debt
621.70
+45.48%
427.33
+97.46%
216.41
+1.23%
213.78
Repayment Of Debt
-472.68
-37.31%
-344.24
-147.94%
-138.84
+8.28%
-151.37
Long Term Debt Issuance
185.17
-0.09%
185.33
+164.76%
70.00
+27.27%
55.00
Long Term Debt Payments
-3.86
+92.12%
-48.98
-1026.64%
-4.35
+95.13%
-89.18
Net Long Term Debt Issuance
181.31
+32.97%
136.35
+107.69%
65.65
+292.10%
-34.18
Short Term Debt Issuance
436.53
+80.38%
242.00
+65.28%
146.41
-7.79%
158.78
Short Term Debt Payments
-468.82
-58.78%
-295.26
-119.54%
-134.49
-116.24%
-62.20
Net Short Term Debt Issuance
-32.29
+39.37%
-53.26
-546.74%
11.92
-87.66%
96.58
Net Common Stock Issuance
122.81
+44.47%
85.01
+5.39%
80.66
+106.37%
39.09
Common Stock Dividend Paid
-58.65
-12.49%
-52.13
-8.82%
-47.91
-9.92%
-43.58
Cash Dividends Paid
-58.65
-12.49%
-52.13
-8.82%
-47.91
-9.92%
-43.58
Net Other Financing Charges
71.69
+139.05%
29.99
+62.19%
18.49
-9.56%
20.45
Changes In Cash
9.57
+588.14%
1.39
+153.07%
-2.62
-1264.89%
0.23
Beginning Cash Position
11.11
+14.31%
9.72
-21.23%
12.34
+1.86%
12.12
End Cash Position
20.69
+86.13%
11.11
+14.31%
9.72
-21.23%
12.34
Free Cash Flow
-278.10
-50.23%
-185.11
-85.31%
-99.89
-28.00%
-78.04
Interest Paid Supplemental Data
151.52
+5.95%
143.01
+8.25%
132.12
+7.72%
122.65
Income Tax Paid Supplemental Data
3.24
—
23.02
+235.91%
6.85
Common Stock Issuance
122.81
+44.47%
85.01
+5.39%
80.66
+106.37%
39.09
Issuance Of Capital Stock
122.81
+44.47%
85.01
+5.39%
80.66
+106.37%
39.09
Net Investment Properties Purchase And Sale
2.80
-93.10%
40.57
+17312.88%
0.23
+136.93%
-0.63
Other Cash Adjustment Outside Changein Cash
—
—
0.00
0.00
Purchase Of Investment Properties
—
-0.03
+99.88%
-24.24
-3742.16%
-0.63
Sale Of Business
—
—
—
0.97
Sale Of Investment Properties
2.80
-93.10%
40.57
+17312.88%
0.23
—
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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