Bank of New York Mellon Corp Acquires New Position in H2O America $HTO

Key Points

• Bank of New York Mellon acquired 206,376 shares of H2O America in the second quarter, valued at approximately $12.5 million and representing about 0.49% of the company. Institutional investors and hedge funds collectively own 84.29% of the stock.
• H2O America reported quarterly earnings of $0.72 per share, exceeding the $0.70 consensus estimate, on revenue of $210.47 million. The company issued fiscal 2026 EPS guidance of $3.08 to $3.18.
• The company pays a quarterly dividend of $0.44, or $1.76 annually, yielding approximately 2.8%. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $65.67.

Bank of New York Mellon Corp purchased a new stake in H2O America (NASDAQ:HTO - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 206,376 shares of the utilities provider's stock, valued at approximately $12,541,000. Bank of New York Mellon Corp owned about 0.49% of H2O America as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Quadrant Capital Group LLC increased its position in H2O America by 194.9% during the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider's stock worth $26,000 after purchasing an additional 347 shares during the last quarter. Parallel Advisors LLC increased its stake 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 acquiring an additional 541 shares during the last quarter. Bessemer Group Inc. lifted its stake in shares of H2O America by 44.6% in the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider's stock valued at $39,000 after purchasing an additional 204 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in shares of H2O America during the 4th quarter worth about $40,000. Finally, IFP Advisors Inc lifted its position in H2O America by 139.8% in the fourth quarter. IFP Advisors Inc now owns 976 shares of the utilities provider's stock valued at $48,000 after buying an additional 569 shares during the last quarter. 84.29% of the stock is owned by institutional investors and hedge funds.

H2O America Trading Up 0.7%

HTO opened at $63.80 on Wednesday. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 22.54, a price-to-earnings-growth ratio of 7.30 and a beta of 0.34. H2O America has a 52 week low of $43.75 and a 52 week high of $67.09. The business's 50 day moving average is $62.67 and its two-hundred day moving average is $59.18. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02.

H2O America (NASDAQ:HTO - Get Free Report) last announced its earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share 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. On average, research analysts predict that H2O America will post 2.8 EPS for the current year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 10th were given a $0.44 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. H2O America's dividend payout ratio (DPR) is presently 62.19%.

Wall Street Analyst Weigh In

HTO has been the topic of a number of research analyst reports. Barclays boosted their target price on H2O America from $60.00 to $67.00 and gave the company an "overweight" rating in a research report on Wednesday, July 15th. Seaport Research Partners reiterated a "buy" rating and set a $67.00 target price on shares of H2O America in a report on Wednesday, August 12th. Wall Street Zen upgraded H2O America from a "sell" rating to a "hold" rating in a report on Sunday, August 16th. Robert W. Baird boosted their price objective on H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company began coverage on shares of H2O America in a report on Monday, May 11th. They set an "equal weight" rating and a $60.00 price target for the company. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, H2O America currently has an average rating of "Moderate Buy" and a consensus target price of $65.67.

Insider Transactions at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was purchased at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the completion of the transaction, the insider owned 4,615,265 shares of the company's stock, valued at $286,284,887.95. The trade was a 0.06% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.52% of the company's stock.

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.

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