Gamco Investors INC. ET AL Acquires Shares of 61,630 H2O America $HTO

Key Points

• Gamco Investors bought a new stake of 61,630 shares in H2O America (~$3.00M), leaving the firm with roughly a 0.17% position; overall, 84.29% of the stock is held by hedge funds and other institutional investors.
• H2O America reported Q earnings of $0.46 per share with revenue of $194.19M (slightly below estimates) and set FY 2026 guidance of 3.080–3.180 EPS
• The firm pays a quarterly dividend of $0.44 ($1.76 annualized, a 3.0% yield) with a payout ratio of 60.27%, while analysts show a mixed view—consensus rating: Hold, consensus target: $60.75.

Gamco Investors INC. ET AL bought a new stake in shares of H2O America (NASDAQ:HTO - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 61,630 shares of the utilities provider's stock, valued at approximately $3,001,000. Gamco Investors INC. ET AL owned approximately 0.17% of H2O America at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. US Bancorp DE bought a new position in shares of H2O America in the 3rd quarter worth about $62,000. Intech Investment Management LLC purchased a new position in H2O America during the 3rd quarter valued at about $687,000. R Squared Ltd bought a new stake in H2O America during the third quarter worth about $243,000. Handelsbanken Fonder AB purchased a new stake in H2O America in the third quarter worth about $514,000. Finally, Creative Financial Designs Inc. ADV purchased a new stake in H2O America in the third quarter worth about $100,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

H2O America Trading Up 0.6%

NASDAQ:HTO opened at $58.57 on Tuesday. The stock has a market cap of $2.12 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 3.01 and a beta of 0.48. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.21. The company's 50 day moving average price is $53.13 and its 200-day moving average price is $50.04. H2O America has a 52 week low of $43.75 and a 52 week high of $58.93.

H2O America (NASDAQ:HTO - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. The company had revenue of $194.19 million during the quarter, compared to analyst estimates of $195.73 million. H2O America had a net margin of 12.81% and a return on equity of 7.08%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, equities research analysts forecast that H2O America will post 2.75 earnings per share for the current fiscal year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were paid a $0.44 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. H2O America's payout ratio is currently 60.27%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HTO. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of H2O America in a research note on Thursday, January 22nd. BTIG Research restated a "buy" rating and issued a $61.00 price target on shares of H2O America in a research note on Tuesday, March 3rd. UBS Group set a $61.00 price objective on H2O America in a research report on Friday, January 9th. Barclays lifted their price objective on H2O America from $61.00 to $63.00 and gave the company an "overweight" rating in a research note on Monday. Finally, Wall Street Zen cut H2O America from a "hold" rating to a "sell" rating in a research note on Saturday, February 28th. Three research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $60.75.

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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