Ieq Capital LLC acquired a new stake in H2O America (NASDAQ:HTO – Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 29,734 shares of the utilities provider’s stock, valued at approximately $1,807,000. Ieq Capital LLC owned 0.07% of H2O America at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of HTO. Quadrant Capital Group LLC grew its holdings in H2O America by 194.9% during the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 347 shares during the period. Parallel Advisors LLC grew its holdings in shares of H2O America by 1,020.8% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after buying an additional 541 shares during the period. Bessemer Group Inc. increased its position in shares of H2O America by 44.6% in the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after buying an additional 204 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in H2O America during the 4th quarter worth $40,000. Finally, Allworth Financial LP acquired a new stake in H2O America during the 2nd quarter worth $42,000. Institutional investors and hedge funds own 84.29% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have recently commented on HTO shares. Robert W. Baird raised their price target on H2O America from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Zacks Research raised shares of H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Barclays upped their target price on shares of H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, Seaport Research Partners reissued a “buy” rating and issued a $67.00 price target on shares of H2O America in a research note on Wednesday, August 12th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.
Insiders Place Their Bets
In related news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the firm’s stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of $62.03 per share, for a total transaction of $172,691.52. Following the completion of the purchase, the insider directly owned 4,615,265 shares in the company, valued at $286,284,887.95. This trade represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by corporate insiders.
H2O America Stock Down 0.9%
H2O America stock opened at $63.89 on Wednesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The company has a fifty day simple moving average of $62.00 and a 200 day simple moving average of $58.79. The company has a market cap of $2.67 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 7.43 and a beta of 0.34.
H2O America (NASDAQ:HTO – Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The firm had revenue of $210.47 million for the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Research analysts anticipate that H2O America will post 2.8 earnings per share for the current fiscal year.
H2O America Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.76 annualized dividend and a yield of 2.8%. H2O America’s dividend payout ratio is 62.19%.
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.
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