Deutsche Bank AG purchased a new stake in H2O America (NASDAQ:HTO - Free Report) during the second quarter, according to its most recent filing with the SEC. The firm purchased 57,029 shares of the utilities provider's stock, valued at approximately $3,466,000. Deutsche Bank AG owned 0.14% of H2O America at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also bought and sold shares of HTO. Vanguard Group Inc. bought a new stake in H2O America in the fourth quarter valued at approximately $133,834,000. Amundi bought a new position in shares of H2O America during the third quarter worth $105,965,000. Cerity Partners LLC acquired a new position in shares of H2O America in the 4th quarter valued at $70,830,000. Nuance Investments LLC acquired a new position in shares of H2O America in the 4th quarter valued at $44,420,000. Finally, Morgan Stanley increased its position in shares of H2O America by 123.0% in the 4th quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider's stock valued at $67,027,000 after buying an additional 754,715 shares in the last quarter. Institutional investors own 84.29% of the company's stock.
H2O America Price Performance
Shares of NASDAQ HTO opened at $63.68 on Thursday. The firm has a market cap of $2.67 billion, a PE ratio of 22.50, a PEG ratio of 7.36 and a beta of 0.34. 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 1-year low of $43.75 and a 1-year high of $67.09. The company has a fifty day moving average price of $62.15 and a 200 day moving average price of $58.86.
H2O America (NASDAQ:HTO - Get Free Report) last released its quarterly 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 firm 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. Research analysts predict that H2O America will post 2.8 earnings per share for the current fiscal year.
H2O America Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be given a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 10th. H2O America's dividend payout ratio (DPR) is currently 62.19%.
Insider Transactions at H2O America
In other news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the business's stock in a transaction on Tuesday, July 7th. The shares were purchased at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the purchase, the insider owned 4,615,265 shares of the company's stock, valued at approximately $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. Corporate insiders own 0.52% of the company's stock.
Analyst Ratings Changes
Several analysts recently commented on HTO shares. Barclays raised their price objective on H2O America from $60.00 to $67.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Wall Street Zen upgraded H2O America from a "sell" rating to a "hold" rating in a report on Sunday, August 16th. Wells Fargo & Company started coverage on H2O America in a research report on Monday, May 11th. They set an "equal weight" rating and a $60.00 price target on the stock. Robert W. Baird lifted their price objective on H2O America from $67.00 to $72.00 and gave the company an "outperform" rating in a report on Wednesday, July 29th. Finally, BTIG Research set a $70.00 price objective on H2O America in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $65.67.
Check Out Our Latest Report on H2O America
H2O America Profile
(
Free Report)
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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