Clear Harbor Asset Management LLC Invests $1.69 Million in H2O America $HTO

Key Points

• Clear Harbor Asset Management initiated a $1.69 million position in H2O America, purchasing 27,811 shares, while institutional investors collectively own 84.29% of the company.
• H2O America reported quarterly EPS of $0.72, exceeding estimates by $0.02, on revenue of $210.47 million. The company reaffirmed FY 2026 EPS guidance of $3.08–$3.18.
• Shares opened at $63.48, and analysts maintain a “Moderate Buy” consensus with an average price target of $65.67. H2O America also declared a quarterly dividend of $0.44 per share, representing a 2.8% yield.

Clear Harbor Asset Management LLC bought a new position in H2O America (NASDAQ:HTO - Free Report) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 27,811 shares of the utilities provider's stock, valued at approximately $1,690,000. Clear Harbor Asset Management LLC owned approximately 0.07% of H2O America as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in HTO. Quadrant Capital Group LLC raised 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 valued at $26,000 after purchasing an additional 347 shares in the last quarter. Parallel Advisors LLC lifted 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 purchasing an additional 541 shares during the last quarter. Bessemer Group Inc. boosted its holdings 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 worth $39,000 after purchasing an additional 204 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in shares of H2O America in the 4th quarter worth about $40,000. Finally, Allworth Financial LP bought a new position in shares of H2O America during the 2nd quarter valued at about $42,000. Institutional investors own 84.29% of the company's stock.

H2O America Price Performance

HTO stock opened at $63.48 on Friday. H2O America has a 1 year low of $43.75 and a 1 year high of $67.09. The company has a market cap of $2.66 billion, a P/E ratio of 22.43, a PEG ratio of 7.31 and a beta of 0.34. The firm has a 50-day moving average of $61.72 and a 200 day moving average of $58.58. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67.

H2O America (NASDAQ:HTO - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. The company 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, sell-side analysts forecast that H2O America will post 2.8 EPS for the current year.

H2O America Announces Dividend

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

Analyst Upgrades and Downgrades

HTO has been the subject of several research reports. Robert W. Baird upped their target price on H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Barclays lifted their price target on shares of H2O America from $60.00 to $67.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Wells Fargo & Company initiated coverage on shares of H2O America in a report on Monday, May 11th. They issued an "equal weight" rating and a $60.00 price objective for the company. BTIG Research set a $70.00 price objective on shares of H2O America in a research note on Wednesday, July 29th. Finally, Seaport Research Partners reaffirmed a "buy" rating and set a $67.00 target price on shares of H2O America in a report on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $65.67.

Insider Buying and Selling

In related news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the company's stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of $62.03 per share, with a total value of $172,691.52. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.52% of the company's stock.

H2O America Company 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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