9,359 Shares in H2O America $HTO Purchased by Cullen Capital Management LLC

Cullen Capital Management LLC acquired a new position in shares of H2O America (NASDAQ:HTO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 9,359 shares of the utilities provider’s stock, valued at approximately $569,000.

Other hedge funds also recently bought and sold shares of the company. Magellan Asset Management Ltd acquired a new position in shares of H2O America in the second quarter worth about $1,766,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of H2O America during the second quarter valued at approximately $30,650,000. Clear Harbor Asset Management LLC purchased a new stake in shares of H2O America in the 2nd quarter valued at approximately $1,690,000. Quantbot Technologies LP acquired a new position in H2O America in the 2nd quarter worth approximately $1,838,000. Finally, EP Wealth Advisors LLC acquired a new position in H2O America in the 2nd quarter worth approximately $451,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the stock in a transaction on Tuesday, July 7th. The shares were purchased at an average cost of $62.03 per share, for a total transaction 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 position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have issued reports on HTO shares. Zacks Research raised shares of H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Seaport Research Partners reiterated a “buy” rating and set a $67.00 price target on shares of H2O America in a report on Wednesday, August 12th. Barclays upped their price target on H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. BTIG Research set a $70.00 price objective on H2O America in a research report on Wednesday, July 29th. Finally, Robert W. Baird lifted their target price on H2O America from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $65.67.

H2O America Trading Down 0.9%

H2O America stock opened at $63.89 on Wednesday. H2O America has a one year low of $43.75 and a one year high of $67.09. The company’s fifty day moving average price is $62.00 and its two-hundred day moving average price is $58.79. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 7.43 and a beta of 0.34.

H2O America (NASDAQ:HTO) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, beating 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 firm 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 forecast that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Monday, August 10th. H2O America’s dividend payout ratio (DPR) is 62.19%.

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.