Rubicon Advisors GP Acquires New Stake in H2O America $HTO

Rubicon Advisors GP bought a new position in shares of H2O America (NASDAQ:HTO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 14,194 shares of the utilities provider’s stock, valued at approximately $695,000. H2O America makes up approximately 0.6% of Rubicon Advisors GP’s portfolio, making the stock its 28th largest position.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. US Bancorp DE acquired a new stake in shares of H2O America during the third quarter worth about $62,000. Intech Investment Management LLC acquired a new position in shares of H2O America in the third quarter valued at approximately $687,000. R Squared Ltd acquired a new position in shares of H2O America in the third quarter valued at approximately $243,000. Handelsbanken Fonder AB purchased a new stake in H2O America during the 3rd quarter worth approximately $514,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in H2O America during the 3rd quarter worth approximately $100,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on HTO. Robert W. Baird started coverage on shares of H2O America in a research report on Friday, March 13th. They issued an “outperform” rating and a $67.00 price target for the company. Wells Fargo & Company initiated coverage on H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 price objective on the stock. Bank of America reiterated a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Zacks Research cut H2O America from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Finally, Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a research note on Saturday. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.17.

Insiders Place Their Bets

In other H2O America news, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of the firm’s stock in a transaction on 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 acquisition, the insider directly owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the transaction, the insider owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This represents a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is owned by company insiders.

H2O America Stock Down 0.0%

Shares of H2O America stock opened at $56.69 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.02. H2O America has a 52-week low of $43.75 and a 52-week high of $61.87. The company has a market capitalization of $2.37 billion, a P/E ratio of 19.41, a P/E/G ratio of 6.34 and a beta of 0.35. The company has a 50 day moving average of $57.72 and a 200 day moving average of $54.78.

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

H2O America Announces Dividend

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

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.