H2O America Declares Quarterly Dividend of $0.42 (NASDAQ:HTO)

H2O America (NASDAQ:HTO) declared a quarterly dividend on Friday, October 24th, NASDAQ Dividends reports. Stockholders of record on Monday, November 10th will be paid a dividend of 0.42 per share by the utilities provider on Monday, December 1st. This represents a c) annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend is Monday, November 10th.

H2O America has increased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 57 consecutive years. H2O America has a payout ratio of 53.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect H2O America to earn $2.95 per share next year, which means the company should continue to be able to cover its $1.68 annual dividend with an expected future payout ratio of 56.9%.

H2O America Stock Up 0.8%

Shares of NASDAQ HTO traded up $0.37 during midday trading on Friday, reaching $47.67. 237,916 shares of the company’s stock were exchanged, compared to its average volume of 266,298. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.64 and a current ratio of 0.68. H2O America has a 52-week low of $44.91 and a 52-week high of $57.17. The business’s fifty day moving average price is $48.69 and its two-hundred day moving average price is $51.01. The stock has a market capitalization of $1.71 billion, a PE ratio of 15.13, a price-to-earnings-growth ratio of 2.39 and a beta of 0.54.

H2O America (NASDAQ:HTO) last issued its quarterly earnings results on Monday, October 27th. The utilities provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.17 by $0.10. H2O America had a return on equity of 7.87% and a net margin of 13.59%.The firm had revenue of $240.55 million during the quarter, compared to the consensus estimate of $232.27 million. Analysts forecast that H2O America will post 2.75 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Teacher Retirement System of Texas bought a new stake in shares of H2O America in the first quarter valued at about $252,000. Principal Financial Group Inc. increased its stake in H2O America by 2.7% during the first quarter. Principal Financial Group Inc. now owns 150,907 shares of the utilities provider’s stock valued at $8,253,000 after acquiring an additional 3,993 shares during the period. Victory Capital Management Inc. raised its holdings in H2O America by 101.8% in the 1st quarter. Victory Capital Management Inc. now owns 335,164 shares of the utilities provider’s stock valued at $18,330,000 after acquiring an additional 169,038 shares in the last quarter. Mutual of America Capital Management LLC lifted its position in shares of H2O America by 1,869.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 90,272 shares of the utilities provider’s stock worth $4,937,000 after acquiring an additional 85,689 shares during the period. Finally, CWM LLC grew its holdings in shares of H2O America by 240.2% during the 1st quarter. CWM LLC now owns 1,395 shares of the utilities provider’s stock worth $76,000 after purchasing an additional 985 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

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.