Canvas Wealth Advisors LLC Acquires New Position in H2O America $HTO

Canvas Wealth Advisors LLC purchased a new position in H2O America (NASDAQ:HTO) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 10,729 shares of the utilities provider’s stock, valued at approximately $526,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HTO. CIBC Private Wealth Group LLC purchased a new stake in H2O America in the 3rd quarter worth $8,943,000. CIBC Bancorp USA Inc. purchased a new position in shares of H2O America in the third quarter valued at about $9,108,000. Quantbot Technologies LP purchased a new position in shares of H2O America in the third quarter valued at about $1,143,000. Thematics Asset Management purchased a new position in shares of H2O America in the third quarter valued at about $6,440,000. Finally, Capula Management Ltd bought a new position in shares of H2O America in the third quarter worth about $2,003,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on HTO. Barclays upped their price target on H2O America from $61.00 to $63.00 and gave the stock an “overweight” rating in a research note on Monday, March 9th. Robert W. Baird assumed coverage on shares of H2O America in a research report on Friday, March 13th. They set an “outperform” rating and a $67.00 price objective on the stock. UBS Group set a $61.00 target price on shares of H2O America in a report on Friday, January 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Finally, Citigroup upgraded shares of H2O America to a “buy” rating in a report on Friday, January 9th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the company. According to MarketBeat, H2O America currently has an average rating of “Moderate Buy” and an average price target of $62.00.

H2O America Price Performance

Shares of H2O America stock opened at $56.72 on Thursday. The firm has a market cap of $2.05 billion, a PE ratio of 19.42, a PEG ratio of 2.92 and a beta of 0.48. The stock has a 50 day moving average of $54.70 and a 200 day moving average of $50.63. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.21. H2O America has a 12 month low of $43.75 and a 12 month high of $59.00.

H2O America (NASDAQ:HTO) last released its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. The business had revenue of $194.19 million for the quarter, compared to the consensus estimate of $195.73 million. H2O America had a return on equity of 7.08% and a net margin of 12.81%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, research analysts expect that H2O America will post 2.75 EPS for the current fiscal year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were paid a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a yield of 3.1%. H2O America’s dividend payout ratio is presently 60.27%.

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.