H2O America (NASDAQ:HTO) Major Shareholder Buys $172,691.52 in Stock

H2O America (NASDAQ:HTO) major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the firm’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $62.03 per share, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlas Infrastructure Partners also recently made the following trade(s):

• On Wednesday, July 1st, Atlas Infrastructure Partners sold 1,686 shares of H2O America stock. The stock was sold at an average price of $60.73, for a total value of $102,390.78.
• On Wednesday, July 1st, Atlas Infrastructure Partners bought 2,132 shares of H2O America stock. The stock was acquired at an average cost of $60.76 per share, for a total transaction of $129,540.32.
• On Friday, April 10th, Atlas Infrastructure Partners purchased 50,385 shares of H2O America stock. The stock was acquired at an average price of $59.06 per share, for a total transaction of $2,975,738.10.

H2O America Price Performance

Shares of H2O America stock traded down $0.14 during trading on Wednesday, reaching $61.63. 106,376 shares of the company’s stock were exchanged, compared to its average volume of 504,524. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02. H2O America has a 1-year low of $43.75 and a 1-year high of $63.28. The company has a market cap of $2.58 billion, a P/E ratio of 21.11, a PEG ratio of 6.84 and a beta of 0.35. The firm’s 50-day moving average price is $57.97 and its 200 day moving average price is $55.87.

H2O America (NASDAQ:HTO) last released its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. H2O America had a return on equity of 6.76% and a net margin of 12.87%.The business had revenue of $183.29 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, research analysts anticipate that H2O America will post 2.7 earnings per share for the current year.

H2O America Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.76 annualized dividend and a dividend yield of 2.9%. H2O America’s payout ratio is 60.27%.

Analysts Set New Price Targets

Several brokerages recently commented on HTO. Barclays dropped their price objective on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, April 15th. Weiss Ratings upgraded shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Bank of America reiterated a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, TD Cowen initiated coverage on H2O America in a report on Thursday, April 16th. They issued a “hold” rating and a $64.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $62.17.

Hedge Funds Weigh In On H2O America

Large investors have recently modified their holdings of the business. Versant Capital Management Inc lifted its holdings in shares of H2O America by 22.0% during the second quarter. Versant Capital Management Inc now owns 980 shares of the utilities provider’s stock worth $60,000 after purchasing an additional 177 shares during the period. Bessemer Group Inc. increased its holdings in H2O America by 44.6% in the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after purchasing an additional 204 shares during the period. New Age Alpha Advisors LLC increased its holdings in H2O America by 0.4% in the fourth quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock valued at $3,020,000 after purchasing an additional 239 shares during the period. Magellan Asset Management Ltd raised its position in H2O America by 1.3% during the 4th quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider’s stock worth $1,070,000 after purchasing an additional 285 shares during the last quarter. Finally, Quadrant Capital Group LLC lifted its holdings in H2O America by 194.9% during the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock worth $26,000 after buying an additional 347 shares during the period. Institutional investors own 84.29% of the company’s stock.

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.