Corient Private Wealth LP Grows Stock Holdings in H2O America $HTO

Corient Private Wealth LP grew its holdings in shares of H2O America (NASDAQ:HTO - Free Report) by 115.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,311 shares of the utilities provider's stock after buying an additional 17,851 shares during the quarter. Corient Private Wealth LP owned 0.08% of H2O America worth $2,024,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HTO. Nykredit A S purchased a new stake in H2O America during the 2nd quarter valued at $243,000. Headlands Technologies LLC bought a new stake in shares of H2O America in the 2nd quarter worth about $2,238,000. Greenleaf Trust bought a new stake in shares of H2O America in the 2nd quarter worth about $207,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of H2O America by 3.3% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 136,071 shares of the utilities provider's stock worth $8,269,000 after purchasing an additional 4,375 shares during the period. Finally, Van ECK Associates Corp boosted its stake in shares of H2O America by 10.5% during the 2nd quarter. Van ECK Associates Corp now owns 14,725 shares of the utilities provider's stock worth $895,000 after purchasing an additional 1,395 shares during the period. Hedge funds and other institutional investors own 84.29% of the company's stock.

H2O America Price Performance

Shares of HTO opened at $62.20 on Thursday. The stock has a market capitalization of $2.60 billion, a PE ratio of 21.98, a PEG ratio of 7.25 and a beta of 0.34. The company has a 50 day moving average price of $63.28 and a 200-day moving average price of $60.11. 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 fifty-two week low of $43.75 and a fifty-two week high of $67.09.

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. The business had revenue of $210.47 million for the quarter. H2O America had a return on equity of 6.65% and a net margin of 12.91%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities analysts predict that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Dividend Announcement

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

Analyst Ratings Changes

A number of analysts recently weighed in on HTO shares. Weiss Ratings reissued a "hold (c+)" rating on shares of H2O America in a research report on Monday, August 3rd. Robert W. Baird boosted their target price on H2O America from $67.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, July 29th. Wall Street Zen raised H2O America from a "sell" rating to a "hold" rating in a research note on Sunday, August 16th. Seaport Research Partners reiterated a "buy" rating and issued a $67.00 price target on shares of H2O America in a report on Wednesday, August 12th. Finally, Barclays raised their price target on H2O America from $60.00 to $67.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, H2O America presently has a consensus rating of "Moderate Buy" and a consensus price target of $65.67.

Insider Buying and Selling

In other news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the stock in a transaction dated Tuesday, July 7th. The shares were acquired at an average cost of $62.03 per share, for a total transaction of $172,691.52. Following the acquisition, the insider owned 4,615,265 shares of the company's stock, valued at approximately $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.52% of the company's stock.

About H2O America

H2O America, Inc NASDAQ: HTO is a regulated water utility holding company that provides water and wastewater services to residential, commercial, industrial and public-sector customers. Through its operating subsidiaries, the company owns and manages water supply, treatment, storage and distribution infrastructure, and is responsible for delivering reliable drinking water and related utility services.

The company serves communities primarily in California, Connecticut and Maine. Its operations include the San Jose Water Company, which has a long history of serving customers in the greater San Jose area, as well as water utility businesses in the northeastern United States.

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