Squarepoint Ops LLC Acquires 64,487 Shares of H2O America $HTO

Squarepoint Ops LLC grew its holdings in shares of H2O America (NASDAQ:HTO) by 61.0% in the 2nd quarter, Holdings Channel reports. The fund owned 170,129 shares of the utilities provider’s stock after buying an additional 64,487 shares during the period. Squarepoint Ops LLC’s holdings in H2O America were worth $10,339,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in HTO. Versant Capital Management Inc boosted its stake in shares of H2O America by 22.0% in the 2nd quarter. Versant Capital Management Inc now owns 980 shares of the utilities provider’s stock valued at $60,000 after purchasing an additional 177 shares in the last quarter. Bessemer Group Inc. increased its position in H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 204 shares in the last quarter. New Age Alpha Advisors LLC lifted 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 valued at $3,020,000 after purchasing an additional 239 shares during the last quarter. Allworth Financial LP lifted its stake in H2O America by 54.2% in the 2nd quarter. Allworth Financial LP now owns 683 shares of the utilities provider’s stock valued at $42,000 after purchasing an additional 240 shares during the last quarter. Finally, Magellan Asset Management Ltd boosted its position in H2O America by 1.3% in the fourth quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider’s stock valued at $1,070,000 after buying an additional 285 shares in the last quarter. Institutional investors own 84.29% of the company’s stock.

H2O America Trading Down 2.0%

Shares of NASDAQ HTO opened at $63.03 on Friday. The firm has a 50 day moving average price of $63.16 and a two-hundred day moving average price of $59.65. The stock has a market cap of $2.64 billion, a P/E ratio of 22.27, a price-to-earnings-growth ratio of 7.41 and a beta of 0.34. H2O America has a 52-week low of $43.75 and a 52-week high of $67.09. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.67 and a current ratio of 1.67.

H2O America (NASDAQ:HTO) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The company 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 forecast that H2O America will post 2.8 EPS for the current year.

H2O America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 10th were given 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 was Monday, August 10th. H2O America’s dividend payout ratio (DPR) is currently 62.19%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Seaport Research Partners reissued a “buy” rating and set a $67.00 price objective on shares of H2O America in a report on Wednesday, August 12th. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Robert W. Baird increased their target price on H2O America from $67.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, July 29th. Finally, Barclays lifted their price target on H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, H2O America presently has an average rating of “Moderate Buy” and an average price target of $65.67.

Insider Buying and Selling

In related news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of H2O America stock in a transaction on 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 transaction, the insider 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 position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.52% of the company’s stock.

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.