H2O America (NASDAQ:HTO) Major Shareholder Atlas Infrastructure Partners Buys 2,132 Shares

H2O America (NASDAQ:HTO) major shareholder Atlas Infrastructure Partners purchased 2,132 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The shares were bought at an average price of $60.76 per share, with a total value of $129,540.32. Following the purchase, the insider owned 4,612,481 shares in the company, valued at $280,254,345.56. The trade was a 0.05% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Atlas Infrastructure Partners also recently made the following trade(s):

• On Wednesday, July 1st, Atlas Infrastructure Partners sold 1,686 shares of H2O America stock. The shares were sold at an average price of $60.73, for a total value of $102,390.78.
• On Friday, April 10th, Atlas Infrastructure Partners acquired 50,385 shares of H2O America stock. The stock was purchased at an average cost of $59.06 per share, with a total value of $2,975,738.10.

H2O America Stock Performance

Shares of HTO stock traded up $1.68 during trading on Thursday, reaching $62.42. 526,320 shares of the company’s stock traded hands, compared to its average volume of 509,710. The firm’s 50-day moving average is $57.82 and its 200 day moving average is $55.52. The company has a market capitalization of $2.61 billion, a P/E ratio of 21.38, a PEG ratio of 6.79 and a beta of 0.35. H2O America has a 1 year low of $43.75 and a 1 year high of $62.68. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02.

H2O America (NASDAQ:HTO) last issued its earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. H2O America had a net margin of 12.87% and a return on equity of 6.76%. The business had revenue of $183.29 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities research analysts expect that H2O America will post 2.7 EPS for the current year.

H2O America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were issued a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Monday, May 11th. H2O America’s payout ratio is presently 60.27%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports 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. TD Cowen began coverage on shares of H2O America in a report on Thursday, April 16th. They set a “hold” rating and a $64.00 target price on the stock. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Barclays cut their price target on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Finally, Bank of America reaffirmed a “buy” rating on shares of H2O America in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, H2O America currently has a consensus rating of “Moderate Buy” and an average target price of $62.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in H2O America in the 4th quarter worth approximately $133,834,000. Amundi purchased a new stake in shares of H2O America during the 3rd quarter valued at $105,965,000. Cerity Partners LLC bought a new stake in shares of H2O America during the 4th quarter worth $70,830,000. Morgan Stanley grew its position in H2O America by 123.0% in the fourth quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock worth $67,027,000 after acquiring an additional 754,715 shares in the last quarter. Finally, State Street Corp grew its position in H2O America by 4.6% in the fourth quarter. State Street Corp now owns 1,359,773 shares of the utilities provider’s stock worth $66,615,000 after acquiring an additional 59,799 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

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.