43,099 H2O America $HTO Shares Sold by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management reduced its H2O America stake by 24% in the third quarter, selling 43,099 shares and retaining 136,811 shares worth approximately $8.4 million. Institutional investors collectively own 84.29% of the company.
• Analyst sentiment remains positive, with five Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $65.33, above the reported $55.88 share price.
• H2O America exceeded quarterly EPS expectations, reporting $0.72 versus the $0.70 consensus estimate, and maintains a quarterly dividend of $0.44, equivalent to $1.76 annually and a 3.1% yield.

Assenagon Asset Management S.A. cut its holdings in H2O America (NASDAQ:HTO - Free Report) by 24.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 136,811 shares of the utilities provider's stock after selling 43,099 shares during the period. Assenagon Asset Management S.A. owned 0.33% of H2O America worth $8,432,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. bought a new position in shares of H2O America in the second quarter valued at approximately $431,857,000. Wellington Management Group LLP boosted its holdings in shares of H2O America by 23.7% in the 2nd quarter. Wellington Management Group LLP now owns 1,995,839 shares of the utilities provider's stock worth $121,287,000 after purchasing an additional 382,268 shares in the last quarter. Dimensional Fund Advisors LP grew its position in H2O America by 7.0% during the first quarter. Dimensional Fund Advisors LP now owns 705,345 shares of the utilities provider's stock valued at $41,383,000 after acquiring an additional 46,410 shares during the last quarter. KBC Group NV grew its holdings in shares of H2O America by 41.9% during the 1st quarter. KBC Group NV now owns 593,161 shares of the utilities provider's stock valued at $34,801,000 after purchasing an additional 175,270 shares during the last quarter. Finally, Legal & General Group Plc bought a new position in shares of H2O America during the second quarter valued at about $34,792,000. Institutional investors own 84.29% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the stock. Barclays decreased their target price on shares of H2O America from $66.00 to $65.00 and set an "overweight" rating on the stock in a research note on Monday. Robert W. Baird raised their target price on H2O America from $67.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Wall Street Zen raised shares of H2O America from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Zacks Research raised H2O America from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Finally, BTIG Research set a $70.00 target price on shares of H2O America in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, H2O America has an average rating of "Moderate Buy" and a consensus target price of $65.33.

H2O America Price Performance

NASDAQ HTO opened at $55.88 on Tuesday. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $67.09. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.67 and a current ratio of 1.67. The company has a market capitalization of $2.34 billion, a PE ratio of 19.75, a price-to-earnings-growth ratio of 6.65 and a beta of 0.33. The business's fifty day moving average is $61.89 and its 200 day moving average is $60.32.

H2O America (NASDAQ:HTO - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. The company had revenue of $210.47 million during the quarter. H2O America had a return on equity of 6.65% and a net margin of 12.91%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts predict that H2O America will post 2.80 earnings per share for the current year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.1%. The ex-dividend date was Monday, August 10th. H2O America's dividend payout ratio is presently 62.19%.

H2O America Profile

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