Bank of America Corp DE Purchases 149,168 Shares of H2O America $HTO

Key Points

• Bank of America more than doubled its H2O America stake in the first quarter, purchasing 149,168 additional shares to hold 264,887 shares valued at approximately $15.5 million. Institutional investors collectively own 84.29% of the company.
• H2O America reported quarterly EPS of $0.72, exceeding analysts’ $0.70 estimate, on revenue of $210.47 million. The company issued fiscal 2026 EPS guidance of $3.08–$3.18.
• The company declared a quarterly dividend of $0.44 per share, equivalent to $1.76 annually and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $65.67.

Bank of America Corp DE grew its holdings in H2O America (NASDAQ:HTO - Free Report) by 128.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 264,887 shares of the utilities provider's stock after purchasing an additional 149,168 shares during the quarter. Bank of America Corp DE owned about 0.63% of H2O America worth $15,541,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Quadrant Capital Group LLC raised its position in shares of H2O America by 194.9% during the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider's stock valued at $26,000 after buying an additional 347 shares during the last quarter. Parallel Advisors LLC grew its position in H2O America by 1,020.8% during the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider's stock worth $29,000 after buying an additional 541 shares in the last quarter. Bessemer Group Inc. increased its stake in H2O America by 44.6% during the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider's stock valued at $39,000 after acquiring an additional 204 shares during the period. Farther Finance Advisors LLC bought a new position in H2O America during the fourth quarter valued at about $40,000. Finally, IFP Advisors Inc raised its holdings in H2O America by 139.8% in the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider's stock valued at $48,000 after acquiring an additional 569 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

H2O America Price Performance

Shares of HTO stock opened at $64.25 on Friday. The firm's 50 day moving average price is $61.60 and its two-hundred day moving average price is $58.55. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.67 and a current ratio of 1.67. H2O America has a 52-week low of $43.75 and a 52-week high of $67.09. The stock has a market cap of $2.69 billion, a PE ratio of 22.70, a PEG ratio of 7.32 and a beta of 0.34.

H2O America (NASDAQ:HTO - Get Free Report) last issued 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. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The firm had revenue of $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, analysts forecast that H2O America will post 2.8 EPS for the current year.

H2O America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 2.7%. The ex-dividend date is Monday, August 10th. H2O America's payout ratio is presently 62.19%.

Insider Transactions at H2O America

In related news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the stock in a transaction that occurred on Tuesday, July 7th. The shares were acquired at an average price of $62.03 per share, with a total value of $172,691.52. Following the completion of the transaction, the insider owned 4,615,265 shares in the company, valued at $286,284,887.95. The trade was a 0.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 0.52% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Robert W. Baird upped 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. Zacks Research upgraded shares of H2O America from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. BTIG Research set a $70.00 target price on shares of H2O America in a research note on Wednesday, July 29th. Weiss Ratings reissued a "hold (c+)" rating on shares of H2O America in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded shares of H2O America from a "sell" rating to a "hold" rating in a research note on Sunday, August 16th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, H2O America presently has an average rating of "Moderate Buy" and an average target price of $65.67.

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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