9,359 Shares in H2O America $HTO Purchased by Cullen Capital Management LLC

Cullen Capital Management LLC acquired a new stake in H2O America (NASDAQ:HTO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 9,359 shares of the utilities provider’s stock, valued at approximately $569,000.

Several other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of H2O America during the second quarter valued at approximately $431,857,000. Vanguard Group Inc. bought a new position in H2O America in the 4th quarter worth approximately $133,834,000. Amundi acquired a new stake in H2O America in the 3rd quarter valued at approximately $105,965,000. Cerity Partners LLC bought a new stake in H2O America during the 4th quarter valued at $70,830,000. Finally, Morgan Stanley raised its stake in H2O America by 123.0% during the 4th quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock valued at $67,027,000 after acquiring an additional 754,715 shares in the last quarter. 84.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HTO shares. Barclays lifted their price objective on shares of H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a research note on Wednesday, July 15th. Weiss Ratings restated a “hold (c+)” rating on shares of H2O America in a research report on Monday, August 3rd. BTIG Research set a $70.00 price target on shares of H2O America in a research note on Wednesday, July 29th. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Seaport Research Partners reiterated a “buy” rating and set a $67.00 price objective on shares of H2O America in a research note on Wednesday, August 12th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

H2O America Price Performance

Shares of NASDAQ HTO opened at $63.89 on Wednesday. H2O America has a twelve month low of $43.75 and a twelve month high of $67.09. The company has a current ratio of 1.67, a quick ratio of 1.67 and a debt-to-equity ratio of 1.02. The firm has a 50-day moving average of $62.00 and a two-hundred day moving average of $58.79. The company has a market capitalization of $2.67 billion, a price-to-earnings ratio of 22.58, a PEG ratio of 7.43 and a beta of 0.34.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.70 by $0.02. H2O America had a net margin of 12.91% and a return on equity of 6.65%. The company had revenue of $210.47 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, analysts expect that H2O America will post 2.8 earnings per share for the current fiscal year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be given a $0.44 dividend. The ex-dividend date is Monday, August 10th. This represents a $1.76 annualized dividend and a yield of 2.8%. H2O America’s payout ratio is 62.19%.

Insider Activity

In related news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the company’s stock in a transaction on Tuesday, July 7th. The shares were bought at an average price of $62.03 per share, with a total value of $172,691.52. Following the completion of the acquisition, the insider owned 4,615,265 shares of the company’s stock, valued at approximately $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 0.52% of the company’s stock.

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.