Headlands Technologies LLC Makes New $2.24 Million Investment in H2O America $HTO

Headlands Technologies LLC purchased a new stake in shares of H2O America (NASDAQ:HTO) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 36,827 shares of the utilities provider’s stock, valued at approximately $2,238,000.

Several other hedge funds have also bought and sold shares of HTO. Greenleaf Trust bought a new stake in H2O America in the second quarter worth $207,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of H2O America by 3.3% during the second quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 136,071 shares of the utilities provider’s stock valued at $8,269,000 after acquiring an additional 4,375 shares in the last quarter. Van ECK Associates Corp increased its holdings in shares of H2O America by 10.5% during the second quarter. Van ECK Associates Corp now owns 14,725 shares of the utilities provider’s stock valued at $895,000 after acquiring an additional 1,395 shares in the last quarter. Wellington Management Group LLP raised its position in shares of H2O America by 23.7% in the 2nd quarter. Wellington Management Group LLP now owns 1,995,839 shares of the utilities provider’s stock worth $121,287,000 after purchasing an additional 382,268 shares during the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of H2O America in the 2nd quarter worth about $37,000. Institutional investors own 84.29% of the company’s stock.

Insider Activity at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the stock in a transaction dated Tuesday, July 7th. The shares were purchased at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the purchase, the insider directly 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 accessible through this link. 0.52% of the stock is owned by insiders.

H2O America Stock Performance

HTO stock opened at $63.55 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. H2O America has a 1 year low of $43.75 and a 1 year high of $67.09. The company has a market cap of $2.66 billion, a P/E ratio of 22.46, a price-to-earnings-growth ratio of 7.32 and a beta of 0.34. The stock’s fifty day moving average price is $62.41 and its 200-day moving average price is $59.02.

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

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, August 10th. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. H2O America’s dividend payout ratio is presently 62.19%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports 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. Wells Fargo & Company started coverage on shares of H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 price target for the company. Barclays upped their price objective on H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a research report on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of H2O America in a research note on Monday, August 3rd. Finally, Wall Street Zen raised H2O America from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $65.67.

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.