35,176 H2O America $HTO Shares Bought by ProShare Advisors LLC

ProShare Advisors LLC raised its stake in H2O America (NASDAQ:HTO) by 27.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 162,836 shares of the utilities provider’s stock after purchasing an additional 35,176 shares during the quarter. ProShare Advisors LLC owned about 0.39% of H2O America worth $10,036,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in HTO. Pinnacle Wealth Planning Services Inc. raised its position in shares of H2O America by 35.8% in the 3rd quarter. Pinnacle Wealth Planning Services Inc. now owns 781 shares of the utilities provider’s stock worth $48,000 after buying an additional 206 shares during the period. VestGen Advisors LLC purchased a new stake in H2O America during the third quarter valued at about $211,000. Fifth Third Wealth Advisors LLC purchased a new stake in H2O America during the third quarter valued at about $992,000. Inspire Investing LLC increased its stake in H2O America by 5,108.5% during the third quarter. Inspire Investing LLC now owns 10,469 shares of the utilities provider’s stock worth $645,000 after acquiring an additional 10,268 shares during the last quarter. Finally, Axxcess Wealth Management LLC acquired a new stake in H2O America during the third quarter worth about $319,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

H2O America Stock Performance

NASDAQ:HTO opened at $60.64 on Wednesday. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $2.93 billion, a price-to-earnings ratio of 23.78 and a beta of 0.35. The firm’s fifty day simple moving average is $60.96 and its 200 day simple moving average is $58.89. H2O America has a twelve month low of $43.75 and a twelve month high of $67.09.

H2O America (NASDAQ:HTO) last announced its quarterly earnings results on Monday, October 26th. The utilities provider reported $1.04 earnings per share for the quarter, missing analysts’ consensus estimates of $1.06 by ($0.02). H2O America had a return on equity of 6.03% and a net margin of 12.51%. The business had revenue of $250.23 million for the quarter. As a group, equities research analysts expect that H2O America will post 3.02 earnings per share for the current fiscal year.

H2O America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 9th will be paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Monday, November 9th. H2O America’s payout ratio is currently 69.02%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Weiss Ratings downgraded H2O America from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Mizuho began coverage on H2O America in a report on Monday. They set an “outperform” rating and a $67.00 target price for the company. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. BTIG Research reissued a “buy” rating and set a $65.00 target price on shares of H2O America in a research report on Tuesday, October 20th. Finally, Huntington Sec initiated coverage on shares of H2O America in a research report on Wednesday, October 28th. They set a “strong-buy” rating for the company. Two investment analysts have rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, H2O America has an average rating of “Moderate Buy” and an average price target of $64.86.

H2O America Company Profile