Atlas Holdings Ltd Gip Buys 50,385 Shares of H2O America (NASDAQ:HTO) Stock

H2O America (NASDAQ:HTO) major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of H2O America stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the acquisition, the insider owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. The trade was a 1.11% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

H2O America Stock Up 2.1%

H2O America stock opened at $61.31 on Friday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market capitalization of $2.57 billion, a price-to-earnings ratio of 21.00, a price-to-earnings-growth ratio of 3.39 and a beta of 0.42. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $61.87. The stock’s fifty day moving average is $57.37 and its two-hundred day moving average is $52.13.

H2O America (NASDAQ:HTO) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The business had revenue of $194.19 million during the quarter, compared to analysts’ expectations of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts predict that H2O America will post 2.7 EPS for the current fiscal year.

H2O America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a yield of 2.9%. H2O America’s payout ratio is presently 60.27%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HTO shares. Zacks Research raised shares of H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. Wall Street Zen lowered H2O America from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Robert W. Baird initiated coverage on H2O America in a research report on Friday, March 13th. They set an “outperform” rating and a $67.00 price target for the company. Barclays cut their price target on H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Finally, TD Cowen initiated coverage on H2O America in a research report on Thursday, April 16th. They issued a “hold” rating and a $64.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, H2O America has a consensus rating of “Moderate Buy” and a consensus price target of $61.83.

Hedge Funds Weigh In On H2O America

Several institutional investors and hedge funds have recently modified their holdings of HTO. Vanguard Group Inc. acquired a new stake in H2O America during the fourth quarter worth approximately $133,834,000. Amundi purchased a new position in shares of H2O America during the 3rd quarter worth $105,965,000. Cerity Partners LLC purchased a new position in shares of H2O America during the 4th quarter worth $70,830,000. First Trust Advisors LP acquired a new stake in shares of H2O America during the third quarter worth $64,063,000. Finally, Nuance Investments LLC purchased a new stake in shares of H2O America in the fourth quarter valued at $44,420,000. Hedge funds and other institutional investors own 84.29% 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.