Thematics Asset Management Takes Position in H2O America $HTO

Thematics Asset Management bought a new position in H2O America (NASDAQ:HTO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 132,246 shares of the utilities provider’s stock, valued at approximately $6,440,000. Thematics Asset Management owned about 0.37% of H2O America as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. US Bancorp DE bought a new position in H2O America during the 3rd quarter valued at about $62,000. Creative Financial Designs Inc. ADV bought a new stake in H2O America during the third quarter worth about $100,000. Russell Investments Group Ltd. acquired a new stake in shares of H2O America during the third quarter worth approximately $210,000. R Squared Ltd acquired a new stake in shares of H2O America during the third quarter worth approximately $243,000. Finally, Arete Wealth Advisors LLC bought a new position in shares of H2O America in the third quarter valued at approximately $278,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HTO. BTIG Research reissued a “buy” rating and issued a $61.00 target price on shares of H2O America in a report on Tuesday, March 3rd. Barclays raised their price target on H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Citigroup raised H2O America to a “buy” rating in a research note on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. Finally, Zacks Research lowered H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $62.00.

H2O America Price Performance

HTO opened at $58.93 on Friday. H2O America has a one year low of $43.75 and a one year high of $58.99. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.70. The company’s 50 day simple moving average is $53.80 and its 200-day simple moving average is $50.23. The stock has a market capitalization of $2.13 billion, a P/E ratio of 20.18, a price-to-earnings-growth ratio of 2.97 and a beta of 0.48.

H2O America (NASDAQ:HTO) last issued its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. H2O America had a net margin of 12.81% and a return on equity of 7.08%. The business had revenue of $194.19 million during the quarter, compared to analyst estimates of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts anticipate that H2O America will post 2.75 earnings per share for the current fiscal year.

H2O America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.0%. H2O America’s payout ratio is presently 60.27%.

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.