154,446 Shares in H2O America $HTO Acquired by Nuance Investments LLC

Nuance Investments LLC purchased a new position in H2O America (NASDAQ:HTO) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 154,446 shares of the utilities provider’s stock, valued at approximately $9,386,000. H2O America makes up approximately 1.6% of Nuance Investments LLC’s investment portfolio, making the stock its 18th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of H2O America in the 2nd quarter valued at about $431,857,000. Deutsche Bank AG purchased a new position in H2O America during the 2nd quarter valued at $3,466,000. Perigon Wealth Management LLC purchased a new stake in shares of H2O America during the second quarter valued at $388,000. Phillips Wealth Planners LLC bought a new position in H2O America in the 2nd quarter worth about $227,000. Finally, Global Retirement Partners LLC bought a new position in H2O America in the second quarter worth approximately $103,000. 84.29% of the stock is currently owned by institutional investors.

Insider Buying and Selling at H2O America

In related news, major shareholder Atlas Infrastructure Partners bought 2,784 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the acquisition, the insider owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This trade represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HTO. Bank of America reiterated a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a research note on Sunday. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, June 22nd. Seaport Research Partners reissued a “buy” rating and set a $67.00 price target on shares of H2O America in a research report on Wednesday, August 12th. Finally, BTIG Research set a $70.00 price objective on H2O America in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $65.67.

H2O America Trading Down 1.0%

Shares of HTO stock opened at $63.21 on Tuesday. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of 22.34, a PEG ratio of 7.36 and a beta of 0.34. The company’s 50-day moving average price is $61.21 and its 200-day moving average price is $58.30. H2O America has a twelve month low of $43.75 and a twelve month high of $67.09.

H2O America (NASDAQ:HTO) last announced its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $210.47 million during the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, equities analysts predict that H2O America will post 2.8 earnings per share for the current year.

H2O America Dividend Announcement

The business 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 dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Monday, August 10th. H2O America’s dividend payout ratio (DPR) is 62.19%.

About H2O America

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.