Jackson Creek Investment Advisors LLC Buys New Shares in H2O America $HTO

Jackson Creek Investment Advisors LLC bought a new stake in H2O America (NASDAQ:HTO) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 37,863 shares of the utilities provider’s stock, valued at approximately $1,855,000. Jackson Creek Investment Advisors LLC owned 0.11% of H2O America at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CIBC Private Wealth Group LLC acquired a new stake in H2O America during the 3rd quarter worth about $8,943,000. SG Americas Securities LLC acquired a new stake in H2O America during the 4th quarter worth about $1,375,000. JPMorgan Chase & Co. acquired a new stake in H2O America during the 3rd quarter worth about $10,556,000. Quantbot Technologies LP acquired a new stake in H2O America during the 3rd quarter worth about $1,143,000. Finally, CIBC Bancorp USA Inc. acquired a new stake in H2O America during the 3rd quarter worth about $9,108,000. 84.29% of the stock is owned by institutional investors and hedge funds.

H2O America Price Performance

Shares of H2O America stock opened at $57.62 on Wednesday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.02. H2O America has a twelve month low of $43.75 and a twelve month high of $61.87. The business has a 50-day moving average price of $58.02 and a 200 day moving average price of $53.48. The firm has a market cap of $2.41 billion, a PE ratio of 19.73, a P/E/G ratio of 6.50 and a beta of 0.35.

H2O America (NASDAQ:HTO) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $183.29 million during the quarter. H2O America had a return on equity of 6.76% and a net margin of 12.87%.H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts predict that H2O America will post 2.7 earnings per share for the current fiscal year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 11th will be issued a $0.44 dividend. This represents a $1.76 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, May 11th. H2O America’s payout ratio is presently 60.27%.

Insider Activity

In other news, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of the stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of $59.06 per share, for a total transaction of $2,975,738.10. Following the acquisition, the insider owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This represents a 1.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the acquisition, the insider owned 4,582,469 shares in the company, valued at $270,640,619.14. The trade was a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HTO. Robert W. Baird began coverage on H2O America in a research report on Friday, March 13th. They set an “outperform” rating and a $67.00 price target on the stock. Zacks Research downgraded H2O America from a “hold” rating to a “strong sell” rating in a research report on Monday, May 4th. Barclays cut their price target on H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 15th. Bank of America reaffirmed a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. Finally, Wells Fargo & Company began coverage on H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $62.17.

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.