CIBC Private Wealth Group LLC Makes New $8.94 Million Investment in H2O America $HTO

CIBC Private Wealth Group LLC bought a new stake in H2O America (NASDAQ:HTO) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 183,631 shares of the utilities provider’s stock, valued at approximately $8,943,000. CIBC Private Wealth Group LLC owned about 0.51% of H2O America at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in HTO. Hughes Financial Services LLC acquired a new position in H2O America in the third quarter valued at approximately $40,000. US Bancorp DE acquired a new stake in H2O America during the third quarter worth $62,000. Creative Financial Designs Inc. ADV purchased a new stake in H2O America in the third quarter valued at $100,000. Mercer Global Advisors Inc. ADV purchased a new stake in H2O America in the third quarter valued at $203,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of H2O America in the 3rd quarter valued at $210,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

H2O America Price Performance

Shares of NASDAQ:HTO opened at $56.30 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.21. The company has a market cap of $2.04 billion, a P/E ratio of 19.28, a PEG ratio of 2.92 and a beta of 0.48. H2O America has a 52 week low of $43.75 and a 52 week high of $59.00. The company has a 50-day moving average price of $54.46 and a 200 day moving average price of $50.48.

H2O America (NASDAQ:HTO) last released its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $194.19 million for the quarter, compared to analysts’ expectations 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. Research analysts predict that H2O America will post 2.75 earnings per share for the current year.

H2O America Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Wall Street Zen downgraded H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. Barclays boosted their price target on shares of H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a research note on Monday, March 9th. Citigroup upgraded shares of H2O America to a “buy” rating in a report on Friday, January 9th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research report on Thursday, January 22nd. 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.00.

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.