Rokos Capital Management LLP Makes New Investment in H2O America $HTO

Rokos Capital Management LLP bought a new position in H2O America (NASDAQ:HTO) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 135,116 shares of the utilities provider’s stock, valued at approximately $7,928,000.

A number of other large investors have also made changes to their positions in HTO. Bessemer Group Inc. lifted its position in shares of H2O America by 44.6% in the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 204 shares in the last quarter. New Age Alpha Advisors LLC boosted its stake in H2O America by 0.4% in the 4th quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock worth $3,020,000 after purchasing an additional 239 shares during the period. Magellan Asset Management Ltd grew its position in H2O America by 1.3% during the 4th quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider’s stock worth $1,070,000 after purchasing an additional 285 shares in the last quarter. Quadrant Capital Group LLC grew its position in H2O America by 194.9% during the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock worth $26,000 after purchasing an additional 347 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in H2O America by 2.1% during the 4th quarter. MetLife Investment Management LLC now owns 18,331 shares of the utilities provider’s stock valued at $898,000 after purchasing an additional 379 shares during the period. Institutional investors and hedge funds own 84.29% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average cost of $62.03 per share, with a total value of $172,691.52. Following the transaction, the insider directly owned 4,615,265 shares in the company, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.52% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on HTO shares. TD Cowen initiated coverage on H2O America in a report on Thursday, April 16th. They issued a “hold” rating and a $64.00 target price for the company. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a report on Saturday, July 4th. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Barclays increased their price objective on H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 15th. Finally, BTIG Research restated a “buy” rating and set a $67.00 price objective on shares of H2O America in a research report on Thursday. 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 stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.33.

H2O America Trading Down 0.5%

Shares of NASDAQ:HTO opened at $63.50 on Tuesday. The firm has a fifty day moving average of $59.64 and a two-hundred day moving average of $57.24. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.02. H2O America has a 12-month low of $43.75 and a 12-month high of $66.05. The firm has a market capitalization of $2.66 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 7.64 and a beta of 0.35.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 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 $210.47 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, equities analysts expect that H2O America will post 2.7 EPS for the current fiscal year.

H2O America Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be paid a $0.44 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. H2O America’s payout ratio is 60.27%.

H2O America 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.