Headlands Technologies LLC Purchases Shares of 36,827 H2O America $HTO

Key Points

• Headlands Technologies purchased 36,827 shares of H2O America in the second quarter, valued at approximately $2.24 million, while institutional investors overall owned 84.29% of the company.
• H2O America reported quarterly EPS of $0.72, exceeding estimates by $0.02, on revenue of $210.47 million. The company also declared a quarterly dividend of $0.44, representing a 2.8% annualized yield.
• Analysts maintain a “Moderate Buy” consensus rating with an average price target of $65.67; the stock recently opened at $63.55 and trades near its 12-month high of $67.09.

Headlands Technologies LLC purchased a new stake in shares of H2O America (NASDAQ:HTO - Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 36,827 shares of the utilities provider's stock, valued at approximately $2,238,000. Headlands Technologies LLC owned about 0.09% of H2O America at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Quadrant Capital Group LLC raised its stake in H2O America by 194.9% in the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider's stock valued at $26,000 after purchasing an additional 347 shares in the last quarter. Parallel Advisors LLC grew its stake in H2O America by 1,020.8% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider's stock worth $29,000 after buying an additional 541 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of H2O America in the 2nd quarter worth $37,000. Bessemer Group Inc. increased its holdings in shares of H2O America by 44.6% in the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider's stock worth $39,000 after buying an additional 204 shares during the last quarter. Finally, Farther Finance Advisors LLC purchased a new stake in shares of H2O America during the 4th quarter valued at $40,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

Insiders Place Their Bets

In related news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the company's stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of $62.03 per share, with a total value of $172,691.52. Following the completion of the purchase, the insider owned 4,615,265 shares in the company, valued at $286,284,887.95. This trade represents a 0.06% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.52% of the company's stock.

H2O America Stock Performance

H2O America stock opened at $63.55 on Monday. The firm has a fifty day simple moving average of $62.41 and a two-hundred day simple moving average of $59.02. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02. H2O America has a twelve month low of $43.75 and a twelve month high of $67.09. The company has a market capitalization of $2.66 billion, a PE ratio of 22.46, a P/E/G ratio of 7.32 and a beta of 0.34.

H2O America (NASDAQ:HTO - Get Free Report) last released its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping the consensus estimate of $0.70 by $0.02. H2O America had a return on equity of 6.65% and a net margin of 12.91%.The firm had revenue of $210.47 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Research analysts expect that H2O America will post 2.8 EPS for the current year.

H2O America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be given a $0.44 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.76 annualized dividend and a yield of 2.8%. H2O America's payout ratio is presently 62.19%.

Analyst Ratings Changes

A number of analysts have recently issued reports on HTO shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of H2O America in a report on Monday, August 3rd. Seaport Research Partners reissued a "buy" rating and issued a $67.00 target price on shares of H2O America in a research note on Wednesday, August 12th. Wall Street Zen upgraded H2O America from a "sell" rating to a "hold" rating in a research report on Sunday, August 16th. Wells Fargo & Company assumed coverage on H2O America in a research note on Monday, May 11th. They set an "equal weight" rating and a $60.00 price target for the company. 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $65.67.

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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