H2O America (NASDAQ:HTO) Plans Quarterly Dividend of $0.44

H2O America (NASDAQ:HTO) announced a quarterly dividend on Monday, July 27th. Shareholders of record on Monday, August 10th will be paid a dividend of 0.44 per share by the utilities provider on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Monday, August 10th.

H2O America has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 57 years. H2O America has a dividend payout ratio of 56.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect H2O America to earn $2.75 per share next year, which means the company should continue to be able to cover its $1.76 annual dividend with an expected future payout ratio of 64.0%.

H2O America Stock Down 0.5%

Shares of HTO opened at $63.50 on Tuesday. The firm has a market cap of $2.66 billion, a P/E ratio of 21.75, a PEG ratio of 7.64 and a beta of 0.35. H2O America has a 12 month low of $43.75 and a 12 month high of $66.05. The stock’s 50 day moving average is $59.64 and its two-hundred day moving average is $57.24. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02.

H2O America (NASDAQ:HTO) last announced its earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 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 $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts predict that H2O America will post 2.7 earnings per share for the current fiscal year.

Insider Transactions at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the company’s stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average price of $62.03 per share, with a total value of $172,691.52. Following the completion of the acquisition, the insider directly owned 4,615,265 shares of the company’s stock, valued at $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On H2O America

A number of hedge funds have recently modified their holdings of HTO. Vanguard Group Inc. purchased a new position in shares of H2O America in the fourth quarter worth about $133,834,000. Amundi acquired a new stake in H2O America in the 3rd quarter valued at about $105,965,000. Cerity Partners LLC purchased a new position in H2O America in the 4th quarter worth approximately $70,830,000. Nuance Investments LLC purchased a new position in H2O America in the 4th quarter worth approximately $44,420,000. Finally, Morgan Stanley boosted its holdings in shares of H2O America by 123.0% during the 4th quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock worth $67,027,000 after purchasing an additional 754,715 shares during the last quarter. 84.29% of the stock is currently owned by institutional investors and hedge funds.

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.