ProShare Advisors LLC bought a new position in shares of H2O America (NASDAQ:HTO – Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 134,572 shares of the utilities provider’s stock, valued at approximately $6,593,000.
Several other institutional investors also recently modified their holdings of the stock. HighTower Advisors LLC acquired a new position in shares of H2O America during the 4th quarter worth about $318,000. Envestnet Portfolio Solutions Inc. acquired a new position in shares of H2O America during the 4th quarter worth about $250,000. ANTIPODES PARTNERS Ltd acquired a new position in shares of H2O America during the 4th quarter worth about $18,809,000. Oregon Public Employees Retirement Fund acquired a new position in shares of H2O America during the 4th quarter worth about $373,000. Finally, Liberty Wealth Management LLC acquired a new position in shares of H2O America during the 4th quarter worth about $422,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In other news, major shareholder Atlas Infrastructure Partners purchased 50,385 shares of H2O America stock in a transaction on Friday, April 10th. The stock was purchased at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the transaction, the insider directly owned 4,582,469 shares in the company, valued at $270,640,619.14. The trade was a 1.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of H2O America stock in a transaction on Friday, April 10th. The shares were purchased at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the transaction, the insider owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.52% of the company’s stock.
H2O America Price Performance
H2O America (NASDAQ:HTO – Get Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. H2O America had a return on equity of 6.76% and a net margin of 12.87%.The business had revenue of $183.29 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts predict that H2O America will post 2.7 EPS for the current fiscal year.
H2O America Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Shareholders of record on Monday, May 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.76 dividend on an annualized basis and a yield of 3.0%. H2O America’s dividend payout ratio is 60.27%.
Wall Street Analyst Weigh In
Several research firms have recently issued reports on HTO. BTIG Research restated a “buy” rating and set a $61.00 target price on shares of H2O America in a research report on Tuesday, March 3rd. Bank of America reiterated a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. Weiss Ratings upgraded H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company started coverage on H2O America in a research report on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price objective for the company. Finally, Zacks Research lowered H2O America from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, H2O America has an average rating of “Moderate Buy” and a consensus target price of $62.17.
Check Out Our Latest Report on HTO
H2O America 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.
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