26,236 Shares in H2O America $HTO Purchased by Man Group plc

Man Group plc purchased a new position in shares of H2O America (NASDAQ:HTO) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 26,236 shares of the utilities provider’s stock, valued at approximately $1,594,000. Man Group plc owned about 0.06% of H2O America as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HTO. Quadrant Capital Group LLC raised its stake in H2O America by 194.9% in the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 347 shares during the period. Parallel Advisors LLC boosted its position in H2O America by 1,020.8% during the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 541 shares during the period. Bessemer Group Inc. boosted its position in H2O America by 44.6% during the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 204 shares during the period. Farther Finance Advisors LLC acquired a new position in shares of H2O America in the fourth quarter valued at $40,000. Finally, Allworth Financial LP bought a new position in shares of H2O America in the second quarter valued at about $42,000. Institutional investors own 84.29% of the company’s stock.

Insider Activity at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of $62.03 per share, for a total transaction of $172,691.52. Following the completion of the transaction, the insider owned 4,615,265 shares in the company, valued at approximately $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.52% of the company’s stock.

H2O America Trading Down 0.5%

Shares of H2O America stock opened at $63.45 on Thursday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.67 and a current ratio of 1.67. The firm has a 50-day moving average of $62.76 and a 200-day moving average of $59.25. H2O America has a 52-week low of $43.75 and a 52-week high of $67.09. The stock has a market cap of $2.66 billion, a PE ratio of 22.42, a PEG ratio of 7.35 and a beta of 0.34.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. 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 forecast that H2O America will post 2.8 EPS for the current year.

H2O America Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several analysts recently commented on HTO shares. Seaport Research Partners reaffirmed a “buy” rating and set a $67.00 target price on shares of H2O America in a report on Wednesday, August 12th. Weiss Ratings restated a “hold (c+)” rating on shares of H2O America in a research report on Monday, August 3rd. Barclays boosted their price objective on H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. BTIG Research set a $70.00 target price on H2O America in a research report on Wednesday, July 29th. Finally, Zacks Research upgraded H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $65.67.

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.