437,773 Shares in H2O America $HTO Bought by Victory Capital Management Inc.

Key Points

• Victory Capital Management bought a new stake of 437,773 shares in H2O America (HTO), valued at about $21.32 million, representing roughly 1.22% ownership.
• Institutional ownership is high at 84.29%, and several other funds (including US Bancorp DE, Creative Financial Designs, R Squared, Arete Wealth and Handelsbanken) also established or increased positions in Q3.
• Analyst coverage is mixed: the consensus rating is Hold with an average price target of $60.75 (three Buys, two Holds, one Sell), while Barclays recently raised its target to $63 and assigned an overweight rating.

Victory Capital Management Inc. purchased a new stake in H2O America (NASDAQ:HTO - Free Report) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 437,773 shares of the utilities provider's stock, valued at approximately $21,320,000. Victory Capital Management Inc. owned approximately 1.22% of H2O America as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in HTO. US Bancorp DE purchased a new stake in shares of H2O America in the 3rd quarter worth about $62,000. Creative Financial Designs Inc. ADV bought a new stake in shares of H2O America during the 3rd quarter valued at about $100,000. R Squared Ltd purchased a new position in shares of H2O America during the third quarter valued at about $243,000. Arete Wealth Advisors LLC bought a new position in H2O America in the third quarter worth about $278,000. Finally, Handelsbanken Fonder AB bought a new position in H2O America in the third quarter worth about $514,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HTO. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of H2O America in a research report on Thursday, January 22nd. UBS Group set a $61.00 target price on H2O America in a research report on Friday, January 9th. Barclays raised their target price on H2O America from $61.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday. Citigroup raised H2O America to a "buy" rating in a research note on Friday, January 9th. Finally, BTIG Research reiterated a "buy" rating and issued a $61.00 price objective on shares of H2O America in a report on Tuesday, March 3rd. Three investment 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $60.75.

H2O America Price Performance

Shares of NASDAQ HTO opened at $58.57 on Tuesday. The company has a 50 day simple moving average of $53.13 and a two-hundred day simple moving average of $50.04. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $58.93. The company has a market capitalization of $2.12 billion, a price-to-earnings ratio of 20.06, a P/E/G ratio of 3.01 and a beta of 0.48. 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 (NASDAQ:HTO - Get Free Report) last posted its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. The company had revenue of $194.19 million for 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 expect that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors 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 presently 60.27%.

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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