Corient Private Wealth LP Makes New Investment in H2O America $HTO

Key Points

• Corient Private Wealth LP initiated a position in H2O America by purchasing 29,696 shares valued at approximately $1.8 million. Institutional investors collectively own 84.29% of the company, with BlackRock, Vanguard and other firms also holding significant stakes.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $65.67.
• H2O America exceeded quarterly earnings expectations, reporting $0.72 in EPS versus the $0.70 consensus estimate. The company also pays a quarterly dividend of $0.44 per share, equivalent to a 2.7% annualized yield.

Corient Private Wealth LP purchased a new position in H2O America (NASDAQ:HTO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 29,696 shares of the utilities provider's stock, valued at approximately $1,805,000. Corient Private Wealth LP owned approximately 0.07% of H2O America at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HTO. BlackRock Inc. purchased a new stake in shares of H2O America during the second quarter valued at $431,857,000. Vanguard Group Inc. bought a new stake in shares of H2O America during the 4th quarter valued at $133,834,000. Amundi bought a new stake in H2O America during the third quarter valued at about $105,965,000. Cerity Partners LLC purchased a new stake in H2O America in the fourth quarter worth about $70,830,000. Finally, Morgan Stanley raised its stake 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 worth $67,027,000 after buying an additional 754,715 shares during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HTO shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of H2O America in a research report on Monday, August 3rd. BTIG Research set a $70.00 target price on shares of H2O America in a report on Wednesday, July 29th. Barclays raised their target price 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. Zacks Research raised shares of H2O America from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Finally, Robert W. Baird upped their price target on shares of H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $65.67.

Insider Buying and Selling

In other H2O America news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of H2O America stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average cost of $62.03 per share, for a total transaction of $172,691.52. Following the acquisition, the insider directly owned 4,615,265 shares in the company, valued at approximately $286,284,887.95. This represents a 0.06% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.52% of the stock is owned by company insiders.

H2O America Stock Performance

NASDAQ HTO opened at $64.56 on Friday. The stock has a market capitalization of $2.70 billion, a PE ratio of 22.81, a P/E/G ratio of 7.31 and a beta of 0.34. The business has a 50 day simple moving average of $62.85 and a two-hundred day simple moving average of $59.32. 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 has a 1-year low of $43.75 and a 1-year high of $67.09.

H2O America (NASDAQ:HTO - Get Free Report) last posted its earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, beating analysts' consensus estimates of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. 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. On average, research analysts predict that H2O America will post 2.8 EPS for the current fiscal year.

H2O America Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were given a dividend of $0.44 per share. The ex-dividend date was Monday, August 10th. This represents a $1.76 annualized dividend and a yield of 2.7%. H2O America's dividend payout ratio (DPR) 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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