Jupiter Topco LLC Invests $908,000 in H2O America $HTO

Jupiter Topco LLC acquired a new stake in H2O America (NASDAQ:HTO) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 14,947 shares of the utilities provider’s stock, valued at approximately $908,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of H2O America during the 2nd quarter worth approximately $431,857,000. Vanguard Group Inc. purchased a new stake in H2O America in the 4th quarter valued at approximately $133,834,000. Amundi purchased a new position in H2O America during the third quarter worth $105,965,000. Cerity Partners LLC purchased a new position in H2O America during the fourth quarter worth $70,830,000. Finally, Morgan Stanley raised its holdings in shares of 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 during the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

Insider Activity

In related news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the stock in a transaction dated Tuesday, July 7th. The stock was bought at an average cost of $62.03 per share, with a total value 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 represents a 0.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.52% of the stock is owned by corporate insiders.

H2O America Trading Down 0.4%

NASDAQ HTO opened at $64.32 on Friday. H2O America has a 12 month low of $43.75 and a 12 month high of $67.09. The company has a 50-day moving average of $62.93 and a 200-day moving average of $59.36. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. The company has a market cap of $2.69 billion, a P/E ratio of 22.73, a P/E/G ratio of 7.41 and a beta of 0.34.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. 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. 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 declared a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were issued a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date was Monday, August 10th. H2O America’s dividend payout ratio (DPR) is 62.19%.

Analysts Set New Price Targets

A number of analysts recently commented on HTO shares. Seaport Research Partners reiterated a “buy” rating and set a $67.00 price objective on shares of H2O America in a research report on Wednesday, August 12th. Wells Fargo & Company started coverage on shares of H2O America in a research note on Monday, May 11th. They set an “equal weight” rating and a $60.00 price objective on the stock. BTIG Research set a $70.00 target price on shares of H2O America in a research report on Wednesday, July 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of H2O America in a research note on Monday, August 3rd. Finally, Zacks Research upgraded H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock 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.