Rubicon Advisors GP Buys New Stake in H2O America $HTO

Rubicon Advisors GP purchased a new stake in H2O America (NASDAQ:HTO) in the fourth quarter, HoldingsChannel reports. The institutional investor purchased 14,194 shares of the utilities provider’s stock, valued at approximately $695,000. H2O America comprises about 0.6% of Rubicon Advisors GP’s holdings, making the stock its 28th biggest holding.

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

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on HTO. Wells Fargo & Company initiated coverage on H2O America in a research note on Monday, May 11th. They set an “equal weight” rating and a $60.00 price target on the stock. Robert W. Baird assumed coverage on shares of H2O America in a research report on Friday, March 13th. They set an “outperform” rating and a $67.00 target price on the stock. Weiss Ratings raised shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. BTIG Research reaffirmed a “buy” rating and issued a $61.00 target price on shares of H2O America in a report on Tuesday, March 3rd. Finally, Barclays reduced their price target on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, H2O America has a consensus rating of “Moderate Buy” and an average target price of $62.17.

Insider Buying and Selling

In other H2O America news, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of H2O America stock in a transaction dated Friday, April 10th. The stock was acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the acquisition, the insider directly owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Atlas Infrastructure Partners purchased 50,385 shares of H2O America stock in a transaction dated Friday, April 10th. The stock was acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the acquisition, the insider directly owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This trade represents a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Corporate insiders own 0.52% of the company’s stock.

H2O America Trading Down 0.0%

Shares of H2O America stock opened at $56.69 on Friday. H2O America has a 52-week low of $43.75 and a 52-week high of $61.87. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.02. The company’s 50-day simple moving average is $57.72 and its 200-day simple moving average is $54.78. The firm has a market cap of $2.37 billion, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 6.34 and a beta of 0.35.

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

H2O America Dividend Announcement

The firm 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 3.1%. The ex-dividend date of this dividend was Monday, May 11th. 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.