Quantbot Technologies LP Buys Shares of 30,243 H2O America $HTO

Quantbot Technologies LP acquired a new stake in H2O America (NASDAQ:HTO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 30,243 shares of the utilities provider’s stock, valued at approximately $1,838,000.

Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in H2O America in the second quarter worth about $431,857,000. Vanguard Group Inc. bought a new stake in shares of H2O America during the 4th quarter worth $133,834,000. Amundi purchased a new position in H2O America in the 3rd quarter worth about $105,965,000. Cerity Partners LLC acquired a new position in shares of H2O America in the fourth quarter worth about $70,830,000. Finally, Morgan Stanley grew its position in H2O America by 123.0% during the 4th quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock worth $67,027,000 after purchasing an additional 754,715 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

H2O America Trading Up 1.6%

HTO stock opened at $64.49 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. The business’s 50 day moving average is $61.87 and its 200-day moving average is $58.71. H2O America has a 1-year low of $43.75 and a 1-year high of $67.09. The firm has a market cap of $2.70 billion, a P/E ratio of 22.79, a P/E/G ratio of 7.31 and a beta of 0.34.

H2O America (NASDAQ:HTO) last posted its earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping 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 business had revenue of $210.47 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities analysts anticipate that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Monday, August 10th. H2O America’s dividend payout ratio (DPR) is currently 62.19%.

Insider Activity

In other H2O America news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the business’s stock in a transaction that occurred on Tuesday, July 7th. The stock was acquired at an average cost of $62.03 per share, with a total value of $172,691.52. Following the completion of the acquisition, the insider directly owned 4,615,265 shares of the company’s stock, valued at $286,284,887.95. This represents a 0.06% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.52% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have weighed in on HTO shares. Wall Street Zen raised H2O America from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. BTIG Research set a $70.00 price objective on shares of H2O America in a report on Wednesday, July 29th. Weiss Ratings reiterated a “hold (c+)” rating on shares of H2O America in a report on Monday, August 3rd. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Finally, Robert W. Baird boosted their target price on shares of H2O America from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, H2O America has a consensus rating of “Moderate Buy” and a consensus 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.