29,063 Shares in H2O America $HTO Acquired by Magellan Asset Management Ltd

Magellan Asset Management Ltd bought a new stake in H2O America (NASDAQ:HTO - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 29,063 shares of the utilities provider's stock, valued at approximately $1,766,000. Magellan Asset Management Ltd owned approximately 0.07% of H2O America at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. BlackRock Inc. bought a new position in shares of H2O America in the 2nd quarter worth $431,857,000. Vanguard Group Inc. purchased a new position in H2O America in the fourth quarter worth $133,834,000. Amundi purchased a new position in H2O America in the third quarter worth $105,965,000. Cerity Partners LLC bought a new position in H2O America in the fourth quarter valued at $70,830,000. Finally, Nuance Investments LLC bought a new position in H2O America in the fourth quarter valued at $44,420,000. 84.29% of the stock is currently owned by institutional investors.

H2O America Stock Performance

H2O America stock opened at $63.48 on Monday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. The firm has a market cap of $2.66 billion, a P/E ratio of 22.43, a P/E/G ratio of 7.31 and a beta of 0.34. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The firm has a 50-day moving average of $61.72 and a 200-day moving average of $58.63.

H2O America (NASDAQ:HTO - Get Free Report) last issued its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. The business had revenue of $210.47 million during the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts expect that H2O America will post 2.8 EPS for the current year.

H2O America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be issued a $0.44 dividend. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. H2O America's dividend payout ratio (DPR) is presently 62.19%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wall Street Zen raised H2O America from a "sell" rating to a "hold" rating in a research note on Sunday, August 16th. Barclays increased their price objective on H2O America from $60.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. BTIG Research set a $70.00 target price on H2O America in a research report on Wednesday, July 29th. Wells Fargo & Company started coverage on shares of H2O America in a research report on Monday, May 11th. They set an "equal weight" rating and a $60.00 price target on the stock. Finally, Robert W. Baird boosted their price objective on shares of H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, H2O America presently has an average rating of "Moderate Buy" and a consensus price target of $65.67.

Insider Buying and Selling at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the company's stock in a transaction that occurred on Tuesday, July 7th. The shares were bought at an average cost of $62.03 per share, with a total value of $172,691.52. Following the completion of the transaction, the insider directly owned 4,615,265 shares of the company's stock, valued at approximately $286,284,887.95. This represents a 0.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is owned by corporate insiders.

H2O America 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.

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