1,445,802 Shares in H2O America $HTO Purchased by Cerity Partners LLC

Cerity Partners LLC purchased a new position in shares of H2O America (NASDAQ:HTO) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,445,802 shares of the utilities provider’s stock, valued at approximately $70,830,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HTO. US Bancorp DE acquired a new position in H2O America during the 3rd quarter worth about $62,000. Intech Investment Management LLC acquired a new position in H2O America during the 3rd quarter worth about $687,000. R Squared Ltd acquired a new position in H2O America during the 3rd quarter worth about $243,000. Handelsbanken Fonder AB acquired a new position in H2O America during the 3rd quarter worth about $514,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in H2O America during the 3rd quarter worth about $100,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

H2O America Stock Performance

Shares of HTO stock opened at $57.64 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.02 and a quick ratio of 2.02. The stock has a market cap of $2.41 billion, a PE ratio of 19.74, a price-to-earnings-growth ratio of 6.28 and a beta of 0.35. The stock has a 50-day moving average of $58.01 and a 200-day moving average of $54.21. H2O America has a one year low of $43.75 and a one year high of $61.87.

H2O America (NASDAQ:HTO) last announced its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $183.29 million during the quarter. H2O America had a return on equity of 6.76% and a net margin of 12.87%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, sell-side analysts expect that H2O America will post 2.7 earnings per share for the current year.

H2O America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. H2O America’s dividend payout ratio is 60.27%.

Analysts Set New Price Targets

Several research analysts recently issued reports on HTO shares. Weiss Ratings upgraded shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. 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. TD Cowen initiated coverage on shares of H2O America in a research report on Thursday, April 16th. They set a “hold” rating and a $64.00 target price on the stock. Wall Street Zen upgraded shares of H2O America from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Barclays cut their target price on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, H2O America presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.17.

Insider Transactions at H2O America

In related news, major shareholder Atlas Infrastructure Partners purchased 50,385 shares of the stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Also, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of the stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the purchase, the insider owned 4,582,469 shares in the company, valued at $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 0.52% of the company’s stock.

About H2O America

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.