Quantinno Capital Management LP Grows Holdings in H2O America $HTO

Quantinno Capital Management LP lifted its stake in shares of H2O America (NASDAQ:HTO) by 105.7% in the first quarter, Holdings Channel reports. The institutional investor owned 41,960 shares of the utilities provider’s stock after buying an additional 21,558 shares during the quarter. Quantinno Capital Management LP’s holdings in H2O America were worth $2,462,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HTO. US Bancorp DE bought a new position in H2O America during the 3rd quarter valued at $62,000. Dimensional Fund Advisors LP acquired a new stake in shares of H2O America in the 3rd quarter valued at about $31,737,000. Barclays PLC bought a new position in shares of H2O America during the third quarter worth about $3,054,000. Private Advisor Group LLC bought a new position in shares of H2O America during the third quarter worth about $694,000. Finally, Schroder Investment Management Group acquired a new position in H2O America in the third quarter worth about $7,279,000. Institutional investors own 84.29% of the company’s stock.

Insider Transactions at H2O America

In related news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the stock in a transaction that occurred 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 purchase, the insider directly owned 4,615,265 shares in the company, valued at $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.52% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

HTO has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of H2O America in a report on Monday, August 3rd. Robert W. Baird lifted their target price on H2O America from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Barclays boosted their price target on H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. BTIG Research set a $70.00 price target on H2O America in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company assumed coverage on H2O America in a research note on Monday, May 11th. They set an “equal weight” rating and a $60.00 price objective on the stock. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $65.67.

H2O America Price Performance

Shares of NASDAQ:HTO opened at $62.66 on Monday. The company has a market cap of $2.62 billion, a PE ratio of 22.14, a P/E/G ratio of 6.46 and a beta of 0.34. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $67.09. The firm has a 50-day simple moving average of $60.50 and a 200 day simple moving average of $57.87. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02.

H2O America (NASDAQ:HTO) last issued its earnings results on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. The company had revenue of $210.47 million during the quarter. H2O America had a return on equity of 6.65% and a net margin of 12.91%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, sell-side analysts anticipate that H2O America will post 3.13 EPS for the current year.

H2O America Announces Dividend

The business also recently disclosed 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 is Monday, August 10th. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. H2O America’s payout ratio is currently 62.19%.

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.