Mutual of America Capital Management LLC Raises Position 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% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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 SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Quarry LP increased its holdings in shares of H2O America by 123.4% in the fourth quarter. Quarry LP now owns 668 shares of the utilities provider's stock worth $33,000 after purchasing an additional 369 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of H2O America by 64.4% in the fourth quarter. Russell Investments Group Ltd. now owns 766 shares of the utilities provider's stock worth $38,000 after purchasing an additional 300 shares during the last quarter. Sterling Capital Management LLC increased its stake in H2O America by 842.0% during the fourth quarter. Sterling Capital Management LLC now owns 1,055 shares of the utilities provider's stock worth $52,000 after acquiring an additional 943 shares during the last quarter. GAMMA Investing LLC increased its stake in H2O America by 190.5% during the first quarter. GAMMA Investing LLC now owns 1,342 shares of the utilities provider's stock worth $73,000 after acquiring an additional 880 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its stake 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 acquiring an additional 673 shares during the last quarter. 84.29% of the stock is owned by institutional investors.

H2O America Price Performance

HTO traded up $0.15 during trading on Thursday, reaching $50.42. The company's stock had a trading volume of 99,157 shares, compared to its average volume of 266,812. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.21. The firm has a fifty day simple moving average of $53.59 and a two-hundred day simple moving average of $52.69. H2O America has a 1 year low of $44.91 and a 1 year high of $62.18. The company has a market cap of $1.72 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 2.56 and a beta of 0.53.

H2O America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 2nd. Investors of record on Monday, May 12th were issued a $0.42 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.68 annualized dividend and a yield of 3.33%. H2O America's dividend payout ratio (DPR) is presently 56.38%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on HTO shares. Wells Fargo & Company boosted their price objective on H2O America from $57.00 to $60.00 and gave the stock an "equal weight" rating in a research note on Tuesday, April 29th. Wall Street Zen assumed coverage on H2O America in a research report on Thursday, May 22nd. They issued a "hold" rating on the stock.

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.