Cwm LLC Raises Holdings in H2O America (NASDAQ:HTO)

Cwm LLC boosted its stake in H2O America (NASDAQ:HTO) by 240.2% during the first quarter, Holdings Channel.com reports. The institutional investor owned 1,395 shares of the utilities provider’s stock after acquiring an additional 985 shares during the period. Cwm LLC’s holdings in H2O America were worth $76,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Hughes Financial Services LLC purchased a new stake in shares of H2O America during the first quarter worth about $47,000. Mutual of America Capital Management LLC boosted its position in H2O America by 1,869.7% during the first quarter. Mutual of America Capital Management LLC now owns 90,272 shares of the utilities provider’s stock worth $4,937,000 after acquiring an additional 85,689 shares during the last quarter. Bank of New York Mellon Corp grew its stake in H2O America by 6.8% in the 1st quarter. Bank of New York Mellon Corp now owns 349,823 shares of the utilities provider’s stock worth $19,132,000 after acquiring an additional 22,234 shares during the period. D.A. Davidson & CO. purchased a new stake in H2O America in the 1st quarter worth approximately $480,000. Finally, Principal Financial Group Inc. raised its holdings in H2O America by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 150,907 shares of the utilities provider’s stock valued at $8,253,000 after acquiring an additional 3,993 shares during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on HTO shares. Wall Street Zen began coverage on H2O America in a report on Thursday, May 22nd. They set a “hold” rating on the stock. Wells Fargo & Company reduced their target price on H2O America from $60.00 to $58.00 and set an “equal weight” rating on the stock in a research report on Wednesday.

H2O America Price Performance

H2O America stock opened at $49.49 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.66 and a current ratio of 0.64. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 16.23, a PEG ratio of 2.48 and a beta of 0.53. H2O America has a 1 year low of $44.91 and a 1 year high of $61.97. The firm has a 50 day moving average price of $52.43 and a 200 day moving average price of $52.10.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Monday, July 28th. The utilities provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The company had revenue of $198.26 million during the quarter, compared to analysts’ expectations of $183.26 million. H2O America had a net margin of 13.03% and a return on equity of 7.67%. Sell-side analysts predict that H2O America will post 2.75 earnings per share for the current year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 2nd. Stockholders of record on Monday, August 11th will be issued a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Monday, August 11th. H2O America’s dividend payout ratio (DPR) is 55.08%.

H2O America Company Profile

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.