ATLAS Infrastructure Partners UK Ltd. Invests $28.61 Million in H2O America $HTO

ATLAS Infrastructure Partners UK Ltd. acquired a new position in H2O America (NASDAQ:HTO) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 584,080 shares of the utilities provider’s stock, valued at approximately $28,614,000. H2O America accounts for 1.4% of ATLAS Infrastructure Partners UK Ltd.’s investment portfolio, making the stock its 9th biggest holding.

Other large investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its holdings in shares of H2O America by 194.9% in the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 347 shares during the period. Parallel Advisors LLC raised 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 worth $29,000 after purchasing an additional 541 shares during the period. Hughes Financial Services LLC purchased a new position in shares of H2O America in the 3rd quarter worth about $40,000. Farther Finance Advisors LLC purchased a new position in shares of H2O America in the 4th quarter worth about $40,000. Finally, IFP Advisors Inc raised its holdings in shares of H2O America by 139.8% in the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 569 shares during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

H2O America Stock Performance

Shares of NASDAQ:HTO opened at $56.42 on Thursday. The company has a market cap of $2.36 billion, a P/E ratio of 19.32, a PEG ratio of 6.40 and a beta of 0.35. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02. H2O America has a one year low of $43.75 and a one year high of $61.87. The business’s 50-day simple moving average is $57.80 and its 200 day simple moving average is $54.70.

H2O America (NASDAQ:HTO) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The business had revenue of $183.29 million for 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. On average, sell-side analysts forecast that H2O America will post 2.7 earnings per share for the current fiscal year.

H2O America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date was Monday, May 11th. H2O America’s dividend payout ratio (DPR) is presently 60.27%.

Insider Activity

In related news, major shareholder Atlas Infrastructure Partners bought 50,385 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were acquired at an average cost of $59.06 per share, for a total transaction of $2,975,738.10. Following the acquisition, the insider owned 4,582,469 shares in the company, valued at $270,640,619.14. This represents a 1.11% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of the company’s stock in a transaction on Friday, April 10th. The shares were acquired at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the acquisition, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Company insiders own 0.52% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on HTO shares. Barclays cut their price objective on H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Weiss Ratings upgraded H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Bank of America reiterated a “buy” rating on shares of H2O America in a report on Wednesday, April 22nd. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a report on Sunday, June 7th. Finally, Robert W. Baird started coverage on H2O America in a report on Friday, March 13th. They set an “outperform” rating and a $67.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.17.

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.