Barrow Hanley Mewhinney & Strauss LLC Acquires New Shares in H2O America $HTO

Barrow Hanley Mewhinney & Strauss LLC acquired a new position in H2O America (NASDAQ:HTO - Free Report) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 504,368 shares of the utilities provider's stock, valued at approximately $30,650,000. Barrow Hanley Mewhinney & Strauss LLC owned 1.20% of H2O America at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in HTO. Quadrant Capital Group LLC lifted its position in shares of H2O America by 194.9% in the 4th 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 period. Parallel Advisors LLC raised its stake in H2O America by 1,020.8% in 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. raised its stake in H2O America by 44.6% in the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider's stock worth $39,000 after buying an additional 204 shares in the last quarter. Allworth Financial LP purchased a new stake in H2O America during the second quarter worth $42,000. Finally, Farther Finance Advisors LLC purchased a new stake in H2O America during the fourth quarter worth $40,000. 84.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Zacks Research raised H2O America from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Seaport Research Partners restated a "buy" rating and set a $67.00 price objective on shares of H2O America in a research note on Wednesday, August 12th. Wall Street Zen raised H2O America from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. BTIG Research set a $70.00 price objective on H2O America in a research report on Wednesday, July 29th. Finally, Barclays lifted their target price on H2O America from $60.00 to $67.00 and gave the company an "overweight" rating in a research note on Wednesday, July 15th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $65.67.

Insider Activity at H2O America

In related news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the firm's stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $62.03 per share, with a total value of $172,691.52. Following the transaction, the insider directly owned 4,615,265 shares of the company's stock, valued at $286,284,887.95. This trade represents a 0.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by insiders.

H2O America Price Performance

Shares of HTO stock opened at $63.48 on Monday. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The stock's fifty day moving average price is $61.72 and its 200 day moving average price is $58.63. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $2.66 billion, a price-to-earnings ratio of 22.43, a price-to-earnings-growth ratio of 7.31 and a beta of 0.34.

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 (EPS) for the quarter, beating the consensus estimate of $0.70 by $0.02. H2O America had a return on equity of 6.65% and a net margin of 12.91%.The company had revenue of $210.47 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, research analysts expect that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th will be issued a dividend of $0.44 per share. The ex-dividend date is Monday, August 10th. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. H2O America's dividend payout ratio is 62.19%.

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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