H2O America (NASDAQ:HTO - Get Free Report) major shareholder Atlas Holdings Ltd Gip bought 50,385 shares of the firm's stock in a transaction 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 transaction, the insider owned 4,582,469 shares in the company, valued at $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their sales and purchases with the SEC.
H2O America Trading Up 1.2%
Shares of NASDAQ HTO opened at $60.04 on Thursday. 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 business has a fifty day simple moving average of $57.22 and a two-hundred day simple moving average of $52.06. The firm has a market cap of $2.51 billion, a PE ratio of 20.56, a price-to-earnings-growth ratio of 3.22 and a beta of 0.42. H2O America has a twelve month low of $43.75 and a twelve month high of $60.97.
H2O America (NASDAQ:HTO - Get Free Report) last issued its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. The business had revenue of $194.19 million during the quarter, compared to analyst estimates 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. Analysts expect that H2O America will post 2.82 earnings per share for the current fiscal year.
H2O America Announces Dividend
The company 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 of this dividend 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 60.27%.
Institutional Inflows and Outflows
Several large investors have recently made changes to their positions in the stock. CIBC Private Wealth Group LLC acquired a new position in H2O America during the 3rd quarter valued at about $8,943,000. JPMorgan Chase & Co. acquired a new position in H2O America during the 3rd quarter valued at about $10,556,000. CIBC Bancorp USA Inc. acquired a new position in H2O America during the 3rd quarter valued at about $9,108,000. SG Americas Securities LLC acquired a new position in H2O America during the 4th quarter valued at about $1,375,000. Finally, Thematics Asset Management acquired a new position in H2O America during the 3rd quarter valued at about $6,440,000. 84.29% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research analysts have recently commented on the company. Citigroup raised H2O America to a "buy" rating in a research report on Friday, January 9th. Barclays reduced their price target on H2O America from $63.00 to $60.00 and set an "overweight" rating for the company in a research report on Wednesday, April 15th. UBS Group set a $61.00 price target on H2O America in a research report on Friday, January 9th. Wall Street Zen lowered H2O America from a "hold" rating to a "sell" rating in a research report on Saturday, February 28th. Finally, BTIG Research reissued a "buy" rating and issued a $61.00 price target on shares of H2O America in a research report on Tuesday, March 3rd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, H2O America currently has a consensus rating of "Moderate Buy" and an average price target of $61.83.
Get Our Latest Analysis on HTO
About H2O America
(
Get Free Report)
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.
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