Deutsche Bank AG Buys New Shares in H2O America $HTO

Deutsche Bank AG purchased a new stake in H2O America (NASDAQ:HTO – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 57,029 shares of the utilities provider’s stock, valued at approximately $3,466,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. US Bancorp DE bought a new position in shares of H2O America in the 3rd quarter valued at about $62,000. Dimensional Fund Advisors LP bought a new stake in H2O America during the third quarter worth about $31,737,000. Barclays PLC acquired a new position in H2O America during the third quarter valued at approximately $3,054,000. Private Advisor Group LLC acquired a new position in H2O America during the third quarter valued at approximately $694,000. Finally, Schroder Investment Management Group bought a new position in H2O America in the third quarter valued at approximately $7,279,000. 84.29% of the stock is owned by institutional investors.

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Insider Activity at H2O America

In related news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of H2O America stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average price of $62.03 per share, with a total value of $172,691.52. Following the acquisition, the insider owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This represents a 0.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HTO. Wall Street Zen raised H2O America from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Zacks Research raised shares of H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Wells Fargo & Company initiated coverage on shares of H2O America in a report on Monday, May 11th. They set an “equal weight” rating and a $60.00 target price on the stock. Robert W. Baird boosted their target price on shares of H2O America from $67.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, July 29th. Finally, Seaport Research Partners reaffirmed a “buy” rating and set a $67.00 price target on shares of H2O America in a research report on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, H2O America currently has an average rating of “Moderate Buy” and an average price target of $65.67.

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H2O America Stock Down 0.3%

HTO stock opened at $63.68 on Thursday. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The business’s 50 day simple moving average is $62.15 and its 200 day simple moving average is $58.86. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $2.67 billion, a PE ratio of 22.50, a PEG ratio of 7.36 and a beta of 0.34.

H2O America (NASDAQ:HTO – Get Free Report) last announced its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. H2O America had a return on equity of 6.65% and a net margin of 12.91%.The business had revenue of $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, research analysts anticipate that H2O America will post 2.8 EPS for the current year.

H2O America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, August 10th. H2O America’s dividend payout ratio (DPR) is currently 62.19%.

H2O America Company Profile

(Free Report)

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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