Wellington Management Group LLP Buys 382,268 Shares of H2O America $HTO

Wellington Management Group LLP grew its stake in H2O America (NASDAQ:HTO) by 23.7% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,995,839 shares of the utilities provider’s stock after purchasing an additional 382,268 shares during the period. Wellington Management Group LLP’s holdings in H2O America were worth $121,287,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of HTO. BlackRock Inc. acquired a new stake in H2O America in the 2nd quarter valued at $431,857,000. Vanguard Group Inc. bought a new position in shares of H2O America during the fourth quarter valued at $133,834,000. Amundi acquired a new stake in shares of H2O America in the 3rd quarter valued at $105,965,000. Cerity Partners LLC acquired a new stake in shares of H2O America in the 4th quarter valued at $70,830,000. Finally, Nuance Investments LLC bought a new stake in shares of H2O America in the 4th quarter worth about $44,420,000. 84.29% of the stock is owned by institutional investors and hedge funds.

H2O America Price Performance

Shares of HTO stock opened at $63.80 on Wednesday. H2O America has a 1 year low of $43.75 and a 1 year high of $67.09. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. The firm’s 50 day moving average is $62.67 and its 200-day moving average is $59.18. The firm has a market capitalization of $2.67 billion, a price-to-earnings ratio of 22.54, a PEG ratio of 7.30 and a beta of 0.34.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The firm had revenue of $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts forecast that H2O America will post 2.8 EPS for the current fiscal year.

H2O America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were given a dividend of $0.44 per share. The ex-dividend date was Monday, August 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. H2O America’s payout ratio is presently 62.19%.

Insider Buying and Selling at H2O America

In other news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the business’s stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average price of $62.03 per share, with a total value of $172,691.52. Following the completion of the purchase, the insider directly owned 4,615,265 shares of the company’s stock, valued at $286,284,887.95. The trade was a 0.06% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HTO. Wells Fargo & Company assumed coverage on shares of H2O America in a report on Monday, May 11th. They set an “equal weight” rating and a $60.00 price target for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of H2O America in a report on Monday, August 3rd. Wall Street Zen upgraded shares of H2O America from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Barclays lifted their target price on shares of H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Finally, BTIG Research set a $70.00 price target on H2O America in a research report on Wednesday, July 29th. Five research 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, H2O America has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

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.