132,246 Shares in H2O America $HTO Purchased by Thematics Asset Management

Thematics Asset Management bought a new stake in shares of H2O America (NASDAQ:HTO) during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 132,246 shares of the utilities provider’s stock, valued at approximately $6,440,000.

Several other hedge funds also recently modified their holdings of the business. US Bancorp DE acquired a new stake in shares of H2O America during the 3rd quarter worth approximately $62,000. Intech Investment Management LLC acquired a new position in H2O America in the third quarter valued at approximately $687,000. R Squared Ltd acquired a new position in H2O America in the third quarter valued at approximately $243,000. Handelsbanken Fonder AB bought a new position in H2O America in the third quarter valued at approximately $514,000. Finally, Creative Financial Designs Inc. ADV bought a new position in H2O America in the third quarter valued at approximately $100,000. Institutional investors own 84.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on HTO shares. Citigroup upgraded shares of H2O America to a “buy” rating in a research report on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. Zacks Research cut H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Barclays upped their price objective on H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, March 9th. Finally, Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Four investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, H2O America currently has a consensus rating of “Hold” and an average target price of $62.00.

H2O America Stock Performance

Shares of HTO opened at $58.93 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. H2O America has a twelve month low of $43.75 and a twelve month high of $58.99. The firm’s 50 day moving average price is $53.80 and its two-hundred day moving average price is $50.23. The firm has a market cap of $2.13 billion, a P/E ratio of 20.18, a PEG ratio of 2.97 and a beta of 0.48.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. The company had revenue of $194.19 million during the quarter, compared to analysts’ expectations of $195.73 million. H2O America had a net margin of 12.81% and a return on equity of 7.08%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, analysts forecast that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Monday, February 9th. H2O America’s dividend payout ratio is 60.27%.

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.