Wellington Management Group LLP Acquires 382,268 Shares of H2O America $HTO

Wellington Management Group LLP increased its holdings in H2O America (NASDAQ:HTO) by 23.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,995,839 shares of the utilities provider’s stock after purchasing an additional 382,268 shares during the period. Wellington Management Group LLP owned approximately 4.77% of H2O America worth $121,287,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio bought a new position in H2O America during the second quarter valued at about $37,000. Corient Private Wealth LP acquired a new position in shares of H2O America during the 2nd quarter valued at about $1,805,000. Bank of America Corp DE acquired a new position in shares of H2O America during the 2nd quarter valued at about $10,756,000. Gallagher Fiduciary Advisors LLC bought a new position in shares of H2O America in the 2nd quarter valued at approximately $446,000. Finally, Man Group plc acquired a new stake in H2O America in the 2nd quarter worth approximately $1,594,000. 84.29% of the stock is owned by institutional investors and hedge funds.

H2O America Stock Up 0.7%

NASDAQ HTO opened at $63.80 on Wednesday. H2O America has a twelve month low of $43.75 and a twelve month high of $67.09. The stock has a market cap of $2.67 billion, a PE ratio of 22.54, a PEG ratio of 7.30 and a beta of 0.34. The firm has a 50-day simple moving average of $62.67 and a 200 day simple moving average of $59.18. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.67 and a current ratio of 1.67.

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

H2O America Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 10th were paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date was Monday, August 10th. H2O America’s dividend payout ratio is presently 62.19%.

Insider Buying and Selling

In other H2O America news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the firm’s stock in a transaction on Tuesday, July 7th. The shares were purchased at an average price 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 represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.52% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on HTO shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of H2O America in a report on Monday, August 3rd. Robert W. Baird raised their target price on shares of H2O America from $67.00 to $72.00 and gave the company an “outperform” rating in a research note on Wednesday, July 29th. BTIG Research set a $70.00 target price on shares of H2O America in a research report on Wednesday, July 29th. Barclays raised 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. Finally, Zacks Research upgraded H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $65.67.

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.