Nuance Investments LLC Invests $44.42 Million in H2O America $HTO

Nuance Investments LLC purchased a new position in H2O America (NASDAQ:HTO) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 906,724 shares of the utilities provider’s stock, valued at approximately $44,420,000. H2O America comprises approximately 4.9% of Nuance Investments LLC’s investment portfolio, making the stock its 8th biggest position.

Several other large investors have also recently made changes to their positions in the stock. New Age Alpha Advisors LLC raised its position in shares of H2O America by 0.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock worth $3,020,000 after acquiring an additional 239 shares in the last quarter. Magellan Asset Management Ltd increased 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 valued at $1,070,000 after buying an additional 285 shares in the last quarter. Parallel Advisors LLC increased its position in H2O America by 1,020.8% during the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after buying an additional 541 shares in the last quarter. IFP Advisors Inc increased its position in H2O America by 139.8% during the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock valued at $48,000 after buying an additional 569 shares in the last quarter. Finally, Swiss Life Asset Management Ltd increased its position in H2O America by 1.2% during the 3rd quarter. Swiss Life Asset Management Ltd now owns 52,449 shares of the utilities provider’s stock valued at $2,554,000 after buying an additional 628 shares in the last quarter. 84.29% of the stock is owned by institutional investors.

Insider Transactions at H2O America

In other news, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the acquisition, the insider owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. This trade represents a 1.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, major shareholder Atlas Holdings Ltd Gip bought 50,385 shares of the stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the purchase, the insider directly owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. 0.52% of the stock is currently owned by corporate insiders.

H2O America Stock Up 1.6%

Shares of HTO stock opened at $57.43 on Friday. The stock’s 50-day simple moving average is $58.06 and its 200-day simple moving average is $54.00. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02. The firm has a market capitalization of $2.40 billion, a PE ratio of 19.67, a P/E/G ratio of 6.32 and a beta of 0.35. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $61.87.

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

H2O America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. H2O America’s dividend payout ratio is currently 60.27%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Barclays reduced their target price on H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Zacks Research lowered H2O America from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Weiss Ratings raised H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company assumed coverage on H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 target price on the stock. Finally, Wall Street Zen lowered H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, May 30th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $62.17.

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.