147,455 Shares in H2O America $HTO Acquired by Gabelli Funds LLC

Key Points

• Gabelli Funds LLC bought 147,455 shares of H2O America (NASDAQ:HTO) in Q3 — about $7.18 million and ~0.41% ownership — and other institutions (Dimensional, Victory, Barclays, Gamco) also initiated sizable positions, leaving institutional ownership near 84.29%.
• H2O America has a market cap of $2.12B and a P/E of 20.06; it reported $0.46 EPS for the quarter and set FY2026 guidance of 3.080–3.180 EPS (analysts expect ~2.75), and pays a $0.44 quarterly dividend (annualized $1.76, ~3.0% yield, ~60% payout ratio).
• Analyst coverage is mixed with a consensus rating of "Hold" and a $60.75 target, while individual firms range from "Sell" to "Buy" (e.g., Barclays and Citigroup bullish, Wall Street Zen downgraded to sell).

Gabelli Funds LLC purchased a new position in shares of H2O America (NASDAQ:HTO - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 147,455 shares of the utilities provider's stock, valued at approximately $7,181,000. Gabelli Funds LLC owned approximately 0.41% of H2O America as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HTO. Gamco Investors INC. ET AL acquired a new stake in shares of H2O America in the 3rd quarter valued at $3,001,000. Barclays PLC acquired a new position in shares of H2O America during the third quarter worth $3,054,000. Dimensional Fund Advisors LP purchased a new position in H2O America in the third quarter valued at $31,737,000. Victory Capital Management Inc. purchased a new position in H2O America in the third quarter valued at $21,320,000. Finally, Elo Mutual Pension Insurance Co acquired a new stake in H2O America in the third quarter valued at $592,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

H2O America Stock Performance

Shares of HTO stock opened at $58.57 on Tuesday. The stock's 50-day moving average is $53.13 and its two-hundred day moving average is $50.04. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. H2O America has a 1 year low of $43.75 and a 1 year high of $58.93. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 3.01 and a beta of 0.48.

H2O America (NASDAQ:HTO - Get Free Report) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. The business had revenue of $194.19 million during the quarter, compared to the consensus estimate of $195.73 million. H2O America had a return on equity of 7.08% and a net margin of 12.81%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts predict that H2O America will post 2.75 earnings per share for the current year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were paid a $0.44 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a yield of 3.0%. H2O America's payout ratio is currently 60.27%.

Analyst Ratings Changes

HTO has been the subject of several analyst reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of H2O America in a research report on Thursday, January 22nd. BTIG Research reissued a "buy" rating and set a $61.00 target price on shares of H2O America in a research report on Tuesday, March 3rd. Barclays boosted their target price on H2O America from $61.00 to $63.00 and gave the stock an "overweight" rating in a research note on Monday. Wall Street Zen lowered shares of H2O America from a "hold" rating to a "sell" rating in a research note on Saturday, February 28th. Finally, Citigroup raised shares of H2O America to a "buy" rating in a report on Friday, January 9th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $60.75.

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.

Want to see what other hedge funds are holding HTO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for H2O America (NASDAQ:HTO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.