Insider Buying: H2O America (NASDAQ:HTO) Major Shareholder Acquires 2,784 Shares

H2O America (NASDAQ:HTO) major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the firm’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average cost of $62.03 per share, with a total value of $172,691.52. Following the transaction, the insider owned 4,615,265 shares in the company, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlas Infrastructure Partners also recently made the following trade(s):

• On Wednesday, July 1st, Atlas Infrastructure Partners sold 1,686 shares of H2O America stock. The shares were sold at an average price of $60.73, for a total transaction of $102,390.78.
• On Wednesday, July 1st, Atlas Infrastructure Partners bought 2,132 shares of H2O America stock. The stock was purchased at an average price of $60.76 per share, with a total value of $129,540.32.
• On Friday, April 10th, Atlas Infrastructure Partners purchased 50,385 shares of H2O America stock. The shares were acquired at an average price of $59.06 per share, with a total value of $2,975,738.10.

H2O America Stock Performance

NASDAQ:HTO traded down $0.14 on Wednesday, hitting $61.63. The company’s stock had a trading volume of 106,376 shares, compared to its average volume of 504,524. H2O America has a one year low of $43.75 and a one year high of $63.28. The firm has a market capitalization of $2.58 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 6.84 and a beta of 0.35. The stock has a fifty day moving average of $57.97 and a two-hundred day moving average of $55.87. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02.

H2O America (NASDAQ:HTO) last posted its earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. H2O America had a return on equity of 6.76% and a net margin of 12.87%.The business had revenue of $183.29 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Research analysts predict that H2O America will post 2.7 earnings per share for the current year.

H2O America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Monday, May 11th. H2O America’s dividend payout ratio (DPR) is currently 60.27%.

Analysts Set New Price Targets

Several research firms have weighed in on HTO. Barclays lowered their price target on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. TD Cowen initiated coverage on H2O America in a report on Thursday, April 16th. They issued a “hold” rating and a $64.00 price objective on the stock. Weiss Ratings raised H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a research report on Saturday. Finally, Wells Fargo & Company began coverage on shares of H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $62.17.

Hedge Funds Weigh In On H2O America

Hedge funds have recently added to or reduced their stakes in the stock. CIBC Private Wealth Group LLC bought a new position in shares of H2O America in the third quarter worth $8,943,000. SG Americas Securities LLC acquired a new stake in H2O America during the fourth quarter worth about $1,375,000. Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in H2O America during the fourth quarter worth about $1,609,000. Prospera Financial Services Inc bought a new position in H2O America in the 4th quarter valued at about $4,305,000. Finally, JPMorgan Chase & Co. acquired a new position in shares of H2O America in the 3rd quarter valued at approximately $10,556,000. Institutional investors own 84.29% of the company’s stock.

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.