BlackRock Inc. Buys Shares of 7,106,413 H2O America $HTO

Key Points

• BlackRock acquired 7.1 million H2O America shares worth approximately $431.9 million, giving it a 16.98% stake. Institutional investors collectively own 84.29% of the company.
• H2O America reported quarterly EPS of $0.72, beating the $0.70 consensus estimate, on revenue of $210.5 million. The company provided fiscal 2026 EPS guidance of $3.08–$3.18.
• The company declared a quarterly dividend of $0.44 per share, equivalent to an annualized $1.76 payout and a 2.8% yield. Analysts maintain a “Moderate Buy” consensus with an average price target of $65.67.

BlackRock Inc. purchased a new position in shares of H2O America (NASDAQ:HTO - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,106,413 shares of the utilities provider's stock, valued at approximately $431,857,000. BlackRock Inc. owned about 16.98% of H2O America at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in H2O America in the 4th quarter valued at about $133,834,000. Amundi purchased a new stake in shares of H2O America in the third quarter worth approximately $105,965,000. Cerity Partners LLC purchased a new stake in shares of H2O America in the fourth quarter worth approximately $70,830,000. Nuance Investments LLC bought a new position in shares of H2O America in the fourth quarter valued at approximately $44,420,000. Finally, Morgan Stanley lifted its holdings in shares of H2O America by 123.0% in the fourth quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider's stock valued at $67,027,000 after purchasing an additional 754,715 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company's stock.

H2O America Stock Performance

Shares of H2O America stock opened at $63.89 on Wednesday. The business's fifty day simple moving average is $62.00 and its 200 day simple moving average is $58.79. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. H2O America has a 12 month low of $43.75 and a 12 month high of $67.09. The firm has a market capitalization of $2.67 billion, a P/E ratio of 22.58, a price-to-earnings-growth ratio of 7.43 and a beta of 0.34.

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. H2O America had a return on equity of 6.65% and a net margin of 12.91%.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 anticipate that H2O America will post 2.8 EPS for the current year.

H2O America Announces Dividend

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Barclays lifted 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 restated a "buy" rating and set a $67.00 price objective on shares of H2O America in a research note on Wednesday, August 12th. BTIG Research set a $70.00 price objective on shares of H2O America in a report on Wednesday, July 29th. Zacks Research upgraded shares of H2O America from a "strong sell" rating to a "hold" rating in a research note on Monday, June 22nd. Finally, Robert W. Baird upped their target price on shares of H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $65.67.

Insider Transactions at H2O America

In related news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the stock in a transaction 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 approximately $286,284,887.95. The trade was a 0.06% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.52% of the company's stock.

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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