H2O America (NASDAQ:HTO) Major Shareholder Atlas Infrastructure Partners Acquires 50,385 Shares

H2O America (NASDAQ:HTO) major shareholder Atlas Infrastructure Partners bought 50,385 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was purchased at an average cost of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the transaction, the insider owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

H2O America Stock Down 2.4%

HTO stock opened at $58.21 on Tuesday. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.70. The firm has a market capitalization of $2.44 billion, a P/E ratio of 19.93, a P/E/G ratio of 3.09 and a beta of 0.42. H2O America has a 52-week low of $43.75 and a 52-week high of $60.18. The company’s 50 day simple moving average is $56.29 and its 200-day simple moving average is $51.53.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Wednesday, February 25th. The utilities provider reported $0.46 EPS for the quarter. H2O America had a net margin of 12.81% and a return on equity of 7.08%. The firm had revenue of $194.19 million during the quarter, compared to analyst estimates of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, equities research analysts anticipate that H2O America will post 2.75 EPS for the current year.

H2O America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend was Monday, February 9th. H2O America’s dividend payout ratio (DPR) is 60.27%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. BTIG Research reissued a “buy” rating and set a $61.00 price target on shares of H2O America in a research report on Tuesday, March 3rd. UBS Group set a $61.00 price objective on H2O America in a research report on Friday, January 9th. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. Finally, Citigroup raised shares of H2O America to a “buy” rating in a research report on Friday, January 9th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, H2O America currently has an average rating of “Moderate Buy” and an average target price of $62.00.

Institutional Trading of H2O America

Hedge funds and other institutional investors have recently modified their holdings of the company. Quadrant Capital Group LLC boosted its position in H2O America by 194.9% during the fourth quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after purchasing an additional 347 shares during the last quarter. Parallel Advisors LLC increased its position in H2O America by 1,020.8% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 541 shares during the last quarter. Hughes Financial Services LLC acquired a new position in H2O America in the 3rd quarter worth about $40,000. Farther Finance Advisors LLC purchased a new stake in shares of H2O America during the 4th quarter worth about $40,000. Finally, IFP Advisors Inc raised its stake in shares of H2O America by 139.8% during the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 569 shares in the last quarter. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

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.