H2O America (NASDAQ:HTO) Position Increased by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its holdings in H2O America (NASDAQ:HTO - Free Report) by 6.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 349,823 shares of the utilities provider's stock after purchasing an additional 22,234 shares during the period. Bank of New York Mellon Corp owned about 1.02% of H2O America worth $19,132,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC bought a new stake in H2O America in the fourth quarter worth approximately $574,000. Raymond James Financial Inc. acquired a new stake in shares of H2O America in the 4th quarter valued at $1,942,000. PNC Financial Services Group Inc. lifted its stake in shares of H2O America by 47.9% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider's stock valued at $102,000 after purchasing an additional 673 shares during the last quarter. HighTower Advisors LLC boosted its holdings in H2O America by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider's stock worth $218,000 after purchasing an additional 233 shares in the last quarter. Finally, Swiss National Bank increased its position in H2O America by 2.0% during the fourth quarter. Swiss National Bank now owns 61,100 shares of the utilities provider's stock worth $3,007,000 after buying an additional 1,200 shares during the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HTO has been the subject of several recent analyst reports. Wall Street Zen assumed coverage on H2O America in a research note on Thursday, May 22nd. They set a "hold" rating for the company. Wells Fargo & Company boosted their target price on H2O America from $57.00 to $60.00 and gave the stock an "equal weight" rating in a report on Tuesday, April 29th.

H2O America Stock Performance

NASDAQ:HTO opened at $50.24 on Friday. The firm has a market capitalization of $1.72 billion, a PE ratio of 16.86, a PEG ratio of 2.57 and a beta of 0.53. H2O America has a 1 year low of $44.91 and a 1 year high of $62.18. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.21. The firm's fifty day simple moving average is $53.43 and its 200 day simple moving average is $52.58.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 2nd. Stockholders of record on Monday, May 12th were issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a dividend yield of 3.34%. The ex-dividend date was Monday, May 12th. H2O America's payout ratio is presently 56.38%.

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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