Atlas Infrastructure Partners Buys 2,784 Shares of H2O America (NASDAQ:HTO) Stock

H2O America (NASDAQ:HTO) major shareholder Atlas Infrastructure Partners bought 2,784 shares of H2O America stock in a transaction on Tuesday, July 7th. The shares were acquired at an average cost of $62.03 per share, with a total value of $172,691.52. Following the completion of the acquisition, the insider owned 4,615,265 shares of the company’s stock, valued at $286,284,887.95. The trade was a 0.06% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases 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 stock was sold at an average price of $60.73, for a total transaction of $102,390.78.
• On Wednesday, July 1st, Atlas Infrastructure Partners purchased 2,132 shares of H2O America stock. The shares were acquired at an average price of $60.76 per share, for a total transaction of $129,540.32.
• On Friday, April 10th, Atlas Infrastructure Partners acquired 50,385 shares of H2O America stock. The shares were acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10.

H2O America Trading Up 0.2%

NASDAQ:HTO opened at $61.46 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 2.02 and a quick ratio of 2.02. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 21.05, a price-to-earnings-growth ratio of 6.85 and a beta of 0.35. H2O America has a one year low of $43.75 and a one year high of $63.28. The business has a fifty day moving average price of $58.05 and a 200-day moving average price of $56.04.

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

H2O America Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, May 11th. H2O America’s payout ratio is presently 60.27%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in shares of H2O America by 194.9% in the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 347 shares during the last quarter. Parallel Advisors LLC boosted its stake in H2O America by 1,020.8% during the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after buying an additional 541 shares during the last quarter. Bessemer Group Inc. grew its holdings in H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after buying an additional 204 shares in the last quarter. Hughes Financial Services LLC purchased a new position in H2O America during the 3rd quarter valued at approximately $40,000. Finally, Farther Finance Advisors LLC bought a new stake in H2O America in the 4th quarter worth approximately $40,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on HTO. Weiss Ratings raised shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Robert W. Baird initiated coverage on shares of H2O America in a report on Friday, March 13th. They set an “outperform” rating and a $67.00 price target on the stock. Wall Street Zen upgraded shares of H2O America from a “sell” rating to a “hold” rating in a research report on Saturday, July 4th. Wells Fargo & Company assumed coverage on shares of H2O America in a research note on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price objective for the company. Finally, Bank of America restated a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $62.17.

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.