Handelsbanken Fonder AB Buys Shares of 10,546 H2O America $HTO

Handelsbanken Fonder AB purchased a new stake in shares of H2O America (NASDAQ:HTO) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 10,546 shares of the utilities provider’s stock, valued at approximately $514,000.

Several other large investors have also recently made changes to their positions in the stock. R Squared Ltd purchased a new position in shares of H2O America during the 3rd quarter worth approximately $243,000. Intech Investment Management LLC acquired a new position in H2O America during the third quarter worth $687,000. Finally, US Bancorp DE purchased a new position in shares of H2O America during the third quarter worth $62,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on HTO shares. Wall Street Zen downgraded H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citigroup raised H2O America to a “buy” rating in a research report on Friday, January 9th. UBS Group set a $61.00 price target on shares of H2O America in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Finally, Barclays began coverage on shares of H2O America in a report on Monday, February 23rd. They issued an “overweight” rating and a $61.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $60.25.

H2O America Stock Performance

Shares of HTO opened at $56.50 on Friday. H2O America has a 1 year low of $43.75 and a 1 year high of $58.45. The stock has a market capitalization of $2.04 billion, a PE ratio of 19.35, a PEG ratio of 2.99 and a beta of 0.48. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50-day simple moving average of $52.75 and a 200-day simple moving average of $49.92.

H2O America (NASDAQ:HTO) last issued its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. H2O America had a net margin of 12.81% and a return on equity of 7.08%. The firm had revenue of $194.19 million for the quarter, compared to analysts’ expectations of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, analysts predict that H2O America will post 2.75 earnings per share for the current fiscal year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date was Monday, February 9th. H2O America’s dividend payout ratio (DPR) is presently 60.27%.

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.