Squarepoint Ops LLC Has $10.34 Million Stock Holdings in H2O America $HTO

Key Points

• Squarepoint Ops LLC increased its H2O America stake by 61% in the second quarter, owning 170,129 shares worth approximately $10.34 million. Institutional investors collectively hold 84.29% of the company.
• H2O America exceeded quarterly earnings expectations, reporting $0.72 in EPS versus the $0.70 consensus on revenue of $210.47 million. The company issued fiscal 2026 EPS guidance of $3.08–$3.18.
• The company paid a quarterly dividend of $0.44 per share, equivalent to a 2.8% annualized yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $65.67.

Squarepoint Ops LLC grew its position in shares of H2O America (NASDAQ:HTO - Free Report) by 61.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,129 shares of the utilities provider's stock after buying an additional 64,487 shares during the period. Squarepoint Ops LLC owned approximately 0.41% of H2O America worth $10,339,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Baird Financial Group Inc. grew its stake in shares of H2O America by 3.9% in the second quarter. Baird Financial Group Inc. now owns 25,269 shares of the utilities provider's stock valued at $1,536,000 after acquiring an additional 947 shares in the last quarter. Allworth Financial LP raised its stake in H2O America by 54.2% in the 2nd quarter. Allworth Financial LP now owns 683 shares of the utilities provider's stock worth $42,000 after purchasing an additional 240 shares in the last quarter. Arizona State Retirement System raised its stake in H2O America by 5.8% in the 2nd quarter. Arizona State Retirement System now owns 10,679 shares of the utilities provider's stock worth $649,000 after purchasing an additional 586 shares in the last quarter. Nykredit A S bought a new stake in H2O America in the 2nd quarter valued at about $243,000. Finally, Corient Private Wealth LP boosted its holdings in H2O America by 115.5% in the 2nd quarter. Corient Private Wealth LP now owns 33,311 shares of the utilities provider's stock valued at $2,024,000 after purchasing an additional 17,851 shares during the period. Institutional investors and hedge funds own 84.29% of the company's stock.

Insider Buying and Selling

In other H2O America news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the business's stock in a transaction on Tuesday, July 7th. The stock was purchased at an average cost of $62.03 per share, for a total transaction of $172,691.52. Following the completion of the purchase, the insider directly owned 4,615,265 shares of the company's stock, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

H2O America Price Performance

HTO stock opened at $63.03 on Friday. 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 12 month low of $43.75 and a 12 month high of $67.09. The firm has a market cap of $2.64 billion, a P/E ratio of 22.27, a P/E/G ratio of 7.41 and a beta of 0.34. The company's 50-day moving average price is $63.16 and its two-hundred day moving average price is $59.65.

H2O America (NASDAQ:HTO - Get Free Report) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The company had revenue of $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, analysts anticipate that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Dividend Announcement

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

Analysts Set New Price Targets

Several research analysts have recently commented on HTO shares. Seaport Research Partners reaffirmed a "buy" rating and set a $67.00 target price on shares of H2O America in a report on Wednesday, August 12th. Robert W. Baird boosted their price target on H2O America from $67.00 to $72.00 and gave the company an "outperform" rating in a research note on Wednesday, July 29th. Zacks Research raised H2O America from a "strong sell" rating to a "hold" rating in a research report on Monday, June 22nd. Barclays raised their price objective on H2O America from $60.00 to $67.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 15th. Finally, Wall Street Zen raised H2O America from a "sell" rating to a "hold" rating in a report on Sunday, August 16th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, H2O America currently has a consensus rating of "Moderate Buy" and an average price target of $65.67.

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.

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