H2O America (NASDAQ:HTO) Major Shareholder Atlas Infrastructure Partners Acquires 2,784 Shares of Stock

H2O America (NASDAQ:HTO) major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the business’s stock in a transaction dated Tuesday, July 7th. The stock was purchased at an average price of $62.03 per share, for a total transaction 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 purchase was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Atlas Infrastructure Partners also recently made the following trade(s):

• On Wednesday, July 1st, Atlas Infrastructure Partners sold 1,686 shares of H2O America stock. The stock was sold at an average price of $60.73, for a total value of $102,390.78.
• On Wednesday, July 1st, Atlas Infrastructure Partners acquired 2,132 shares of H2O America stock. The shares were purchased at an average price of $60.76 per share, with a total value of $129,540.32.
• On Friday, April 10th, Atlas Infrastructure Partners bought 50,385 shares of H2O America stock. The stock was purchased at an average cost of $59.06 per share, for a total transaction of $2,975,738.10.

H2O America Trading Down 0.7%

NASDAQ HTO opened at $61.33 on Thursday. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 6.90 and a beta of 0.35. The stock’s 50 day moving average price is $58.00 and its two-hundred day moving average price is $55.95. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02. H2O America has a 52 week low of $43.75 and a 52 week high of $63.28.

H2O America (NASDAQ:HTO) last issued its quarterly 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 company had revenue of $183.29 million during the quarter. H2O America had a net margin of 12.87% and a return on equity of 6.76%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, analysts anticipate that H2O America will post 2.7 earnings per share for the current fiscal year.

H2O America Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a dividend of $0.44 per share. The ex-dividend date was Monday, May 11th. This represents a $1.76 annualized dividend and a yield of 2.9%. H2O America’s dividend payout ratio is presently 60.27%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on HTO shares. Bank of America reiterated a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Wells Fargo & Company assumed coverage on H2O America in a report on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price objective for the company. TD Cowen started coverage on H2O America in a research report on Thursday, April 16th. They issued a “hold” rating and a $64.00 target price on the stock. Zacks Research upgraded H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Finally, Weiss Ratings raised H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $62.17.

Institutional Investors Weigh In On H2O America

A number of large investors have recently added to or reduced their stakes in HTO. Vanguard Group Inc. acquired a new position in shares of H2O America in the fourth quarter valued at $133,834,000. Amundi bought a new stake in shares of H2O America during the 3rd quarter worth about $105,965,000. Cerity Partners LLC acquired a new position in H2O America in the 4th quarter valued at about $70,830,000. Morgan Stanley grew its stake in H2O America by 123.0% in the 4th quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock valued at $67,027,000 after buying an additional 754,715 shares during the last quarter. Finally, State Street Corp raised its holdings in H2O America by 4.6% in the 4th quarter. State Street Corp now owns 1,359,773 shares of the utilities provider’s stock valued at $66,615,000 after acquiring an additional 59,799 shares during the period. Institutional investors own 84.29% 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.