61,630 Shares in H2O America $HTO Purchased by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL bought a new stake in shares of H2O America (NASDAQ:HTO) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 61,630 shares of the utilities provider’s stock, valued at approximately $3,001,000.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE bought a new stake in shares of H2O America in the third quarter worth approximately $62,000. Creative Financial Designs Inc. ADV bought a new position in H2O America during the third quarter valued at approximately $100,000. R Squared Ltd purchased a new stake in H2O America in the third quarter worth approximately $243,000. Arete Wealth Advisors LLC bought a new stake in H2O America in the 3rd quarter worth approximately $278,000. Finally, Handelsbanken Fonder AB bought a new stake in H2O America in the 3rd quarter worth approximately $514,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

H2O America Trading Up 0.6%

Shares of H2O America stock opened at $58.57 on Tuesday. The company’s fifty day simple moving average is $53.13 and its 200-day simple moving average is $50.04. The stock has a market capitalization of $2.12 billion, a PE ratio of 20.06, a P/E/G ratio of 3.01 and a beta of 0.48. H2O America has a 1-year low of $43.75 and a 1-year high of $58.93. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.70.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 EPS for the quarter. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The firm 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. As a group, equities analysts anticipate that H2O America will post 2.75 earnings per share for the current year.

H2O America Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have weighed in on HTO. Zacks Research lowered shares of H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. UBS Group set a $61.00 price objective on H2O America in a report on Friday, January 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. Barclays increased their target price on H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Monday. Finally, BTIG Research reissued a “buy” rating and issued a $61.00 target price on shares of H2O America in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, H2O America currently has an average rating of “Hold” and a consensus target price of $60.75.

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.