Corient Private Wealth LP Acquires Shares of 29,696 H2O America $HTO

Corient Private Wealth LP bought a new position in H2O America (NASDAQ:HTO) in the second quarter, according to the company in its most recent filing with the SEC. The fund bought 29,696 shares of the utilities provider’s stock, valued at approximately $1,805,000.

Several other large investors have also recently modified their holdings of HTO. Bank of America Corp DE purchased a new stake in H2O America during the 2nd quarter valued at $10,756,000. Gallagher Fiduciary Advisors LLC bought a new stake in H2O America in the second quarter worth $446,000. Man Group plc purchased a new position in H2O America during the second quarter worth $1,594,000. Jupiter Topco LLC purchased a new position in H2O America during the second quarter worth $908,000. Finally, Legal & General Group Plc bought a new position in H2O America during the second quarter valued at $34,792,000. Institutional investors own 84.29% of the company’s stock.

H2O America Price Performance

HTO opened at $64.56 on Friday. The business has a fifty day moving average of $62.85 and a 200 day moving average of $59.32. The stock has a market cap of $2.70 billion, a P/E ratio of 22.81, a PEG ratio of 7.31 and a beta of 0.34. 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 has a 52-week low of $43.75 and a 52-week high of $67.09.

H2O America (NASDAQ:HTO) last released its earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. H2O America had a return on equity of 6.65% and a net margin of 12.91%.The business had revenue of $210.47 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, sell-side analysts anticipate that H2O America will post 2.8 EPS for the current year.

H2O America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were issued a $0.44 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.7%. H2O America’s dividend payout ratio is presently 62.19%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Weiss Ratings reissued a “hold (c+)” rating on shares of H2O America in a research note on Monday, August 3rd. Barclays lifted their price target on shares of H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Wells Fargo & Company started 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 on the stock. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Finally, Robert W. Baird raised their price objective on shares of H2O America from $67.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, H2O America currently has an average rating of “Moderate Buy” and an average target price of $65.67.

Insider Buying and Selling

In related news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of H2O America stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average price of $62.03 per share, with a total value of $172,691.52. Following the purchase, the insider directly owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This represents a 0.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.52% of the stock is owned by corporate insiders.

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.