H2O America (NASDAQ:HTO) Major Shareholder Acquires $129,540.32 in Stock

H2O America (NASDAQ:HTO) major shareholder Atlas Infrastructure Partners purchased 2,132 shares of the stock in a transaction on Wednesday, July 1st. The stock was acquired at an average cost of $60.76 per share, with a total value of $129,540.32. Following the completion of the purchase, the insider directly owned 4,612,481 shares of the company’s stock, valued at $280,254,345.56. The trade was a 0.05% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases 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 Friday, April 10th, Atlas Infrastructure Partners bought 50,385 shares of H2O America stock. The stock was bought at an average cost of $59.06 per share, with a total value of $2,975,738.10.

H2O America Trading Up 2.8%

Shares of NASDAQ HTO traded up $1.68 during midday trading on Thursday, reaching $62.42. The company had a trading volume of 526,320 shares, compared to its average volume of 509,710. The stock has a market cap of $2.61 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 6.79 and a beta of 0.35. H2O America has a one year low of $43.75 and a one year high of $62.68. The firm’s fifty day moving average price is $57.82 and its 200-day moving average price is $55.52. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.02.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate 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. On average, equities research analysts anticipate that H2O America will post 2.7 earnings per share for the current year.

H2O America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. H2O America’s payout ratio is presently 60.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Robert W. Baird assumed coverage on shares of H2O America in a research report on Friday, March 13th. They issued an “outperform” rating and a $67.00 price objective on the stock. TD Cowen initiated coverage on H2O America in a research report on Thursday, April 16th. They set a “hold” rating and a $64.00 price target for the company. Barclays dropped their price objective on H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Wall Street Zen lowered H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, June 20th. Finally, Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.17.

Institutional Trading of H2O America

Several large investors have recently bought and sold shares of HTO. Vanguard Group Inc. purchased a new position in shares of H2O America during the 4th quarter worth approximately $133,834,000. Amundi purchased a new position in shares of H2O America in the 3rd quarter valued at approximately $105,965,000. Cerity Partners LLC bought a new stake in shares of H2O America during the fourth quarter valued at approximately $70,830,000. First Trust Advisors LP purchased a new stake in H2O America in the third quarter worth $64,063,000. Finally, Nuance Investments LLC purchased a new stake in H2O America in the fourth quarter worth $44,420,000. 84.29% of the stock is owned by institutional investors.

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.