Bank of New York Mellon Corp Boosts Stock Holdings in H2O America (NASDAQ:HTO)

Bank of New York Mellon Corp increased its stake in shares of H2O America (NASDAQ:HTO - Free Report) by 6.8% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 349,823 shares of the utilities provider's stock after acquiring 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 filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Proficio Capital Partners LLC acquired a new position in H2O America during the fourth quarter worth approximately $574,000. Raymond James Financial Inc. acquired a new position in H2O America during the fourth quarter worth approximately $1,942,000. PNC Financial Services Group Inc. increased its position in H2O America by 47.9% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,079 shares of the utilities provider's stock worth $102,000 after buying an additional 673 shares during the last quarter. HighTower Advisors LLC increased its position in H2O America by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider's stock worth $218,000 after buying an additional 233 shares during 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. Institutional investors own 84.29% of the company's stock.

H2O America Stock Up 0.4%

Shares of HTO traded up $0.18 during trading hours on Tuesday, hitting $50.96. The stock had a trading volume of 259,327 shares, compared to its average volume of 217,488. H2O America has a 1-year low of $44.91 and a 1-year high of $62.18. The firm has a market capitalization of $1.74 billion, a P/E ratio of 16.49, a price-to-earnings-growth ratio of 2.59 and a beta of 0.53. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.66 and a quick ratio of 0.66. The firm has a 50 day simple moving average of $53.43 and a 200-day simple moving average of $52.51.

H2O America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Shareholders of record on Monday, May 12th were given a dividend of $0.42 per share. The ex-dividend date was Monday, May 12th. This represents a $1.68 annualized dividend and a dividend yield of 3.30%. H2O America's dividend payout ratio is currently 56.38%.

Wall Street Analysts Forecast Growth

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

H2O America Company Profile

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.