Mutual of America Capital Management LLC Grows Stock Holdings in H2O America (NASDAQ:HTO)

Mutual of America Capital Management LLC raised its holdings in shares of H2O America (NASDAQ:HTO - Free Report) by 1,869.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,272 shares of the utilities provider's stock after acquiring an additional 85,689 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.26% of H2O America worth $4,937,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Stifel Financial Corp boosted its position in shares of H2O America by 2.2% in the fourth quarter. Stifel Financial Corp now owns 10,270 shares of the utilities provider's stock worth $505,000 after acquiring an additional 223 shares during the last quarter. HighTower Advisors LLC increased its stake in H2O America by 5.6% during the fourth quarter. HighTower Advisors LLC now owns 4,430 shares of the utilities provider's stock valued at $218,000 after purchasing an additional 233 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings in shares of H2O America by 64.4% in the 4th quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider's stock valued at $38,000 after buying an additional 300 shares during the period. Quarry LP boosted its holdings in shares of H2O America by 123.4% during the fourth quarter. Quarry LP now owns 668 shares of the utilities provider's stock valued at $33,000 after acquiring an additional 369 shares during the period. Finally, Gallagher Fiduciary Advisors LLC lifted its holdings in H2O America by 12.0% in the fourth quarter. Gallagher Fiduciary Advisors LLC now owns 5,484 shares of the utilities provider's stock worth $270,000 after purchasing an additional 589 shares during the period. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

H2O America Trading Down 0.5%

Shares of H2O America stock traded down $0.26 on Friday, reaching $50.24. 239,395 shares of the company's stock were exchanged, compared to its average volume of 228,656. H2O America has a 52 week low of $44.91 and a 52 week high of $62.18. The firm's 50-day moving average is $53.43 and its two-hundred day moving average is $52.58. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.66 and a current ratio of 0.66. The company has a market capitalization of $1.72 billion, a P/E ratio of 16.86, a price-to-earnings-growth ratio of 2.57 and a beta of 0.53.

H2O America Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were given a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend was Monday, May 12th. H2O America's payout ratio is currently 56.38%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on HTO. Wells Fargo & Company upped their target price on H2O America from $57.00 to $60.00 and gave the company an "equal weight" rating in a report on Tuesday, April 29th. Wall Street Zen began 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.