The Manufacturers Life Insurance Company Makes New $974,000 Investment in H2O America $HTO

Key Points

• The Manufacturers Life Insurance Company acquired 16,020 shares of H2O America worth approximately $974,000 in the second quarter. Institutional investors collectively own 84.29% of the company.
• H2O America reported quarterly EPS of $0.72, exceeding analyst expectations of $0.70, on revenue of $210.47 million. Management issued fiscal 2026 EPS guidance of $3.08 to $3.18.
• The company pays a quarterly dividend of $0.44, equivalent to an annualized $1.76 and a 2.7% yield. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $65.67.

The Manufacturers Life Insurance Company bought a new position in H2O America (NASDAQ:HTO - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 16,020 shares of the utilities provider's stock, valued at approximately $974,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in HTO. Quadrant Capital Group LLC grew 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 worth $26,000 after purchasing an additional 347 shares during the period. Parallel Advisors LLC lifted its position in H2O America by 1,020.8% during the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider's stock valued at $29,000 after buying an additional 541 shares during the period. Bessemer Group Inc. boosted its holdings in shares of H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider's stock valued at $39,000 after buying an additional 204 shares in the last quarter. Allworth Financial LP bought a new stake in shares of H2O America during the 2nd quarter valued at $42,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of H2O America in the 4th quarter worth about $40,000. Hedge funds and other institutional investors own 84.29% of the company's stock.

H2O America Price Performance

HTO opened at $64.32 on Friday. The firm has a market cap of $2.69 billion, a PE ratio of 22.73, a P/E/G ratio of 7.41 and a beta of 0.34. The stock has a 50-day moving average price of $62.93 and a 200-day moving average price of $59.36. H2O America has a 1 year low of $43.75 and a 1 year high of $67.09. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67.

H2O America (NASDAQ:HTO - Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating the consensus estimate 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 for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts predict that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th were paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, August 10th. H2O America's dividend payout ratio is currently 62.19%.

Insider Activity at H2O America

In other news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of H2O America stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average price of $62.03 per share, with a total value of $172,691.52. Following the completion of the transaction, the insider directly owned 4,615,265 shares of the company's stock, valued at approximately $286,284,887.95. The trade was a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.52% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. BTIG Research set a $70.00 price target on shares of H2O America in a research note on Wednesday, July 29th. Robert W. Baird boosted their price objective on shares of H2O America from $67.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 29th. Zacks Research upgraded shares of H2O America from a "strong sell" rating to a "hold" rating in a report on Monday, June 22nd. Seaport Research Partners reaffirmed a "buy" rating and set a $67.00 target price on shares of H2O America in a research note on Wednesday, August 12th. Finally, Wells Fargo & Company began coverage on shares of H2O America in a report on Monday, May 11th. They set an "equal weight" rating and a $60.00 target price for the company. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source