Quantbot Technologies LP Makes New Investment in H2O America $HTO

Quantbot Technologies LP bought a new stake in H2O America (NASDAQ:HTO) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 30,243 shares of the utilities provider’s stock, valued at approximately $1,838,000. Quantbot Technologies LP owned approximately 0.07% of H2O America as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. US Bancorp DE purchased a new stake in H2O America in the third quarter valued at $62,000. Dimensional Fund Advisors LP acquired a new position in H2O America in the 3rd quarter valued at $31,737,000. Barclays PLC purchased a new position in H2O America during the third quarter worth about $3,054,000. Private Advisor Group LLC purchased a new position in shares of H2O America during the 3rd quarter worth approximately $694,000. Finally, Schroder Investment Management Group acquired a new stake in H2O America in the third quarter valued at $7,279,000. 84.29% of the stock is currently owned by institutional investors and hedge funds.

H2O America Price Performance

HTO opened at $64.49 on Tuesday. H2O America has a twelve month low of $43.75 and a twelve month high of $67.09. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 22.79, a PEG ratio of 7.31 and a beta of 0.34. 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 company has a fifty day simple moving average of $61.87 and a 200 day simple moving average of $58.71.

H2O America (NASDAQ:HTO) last issued its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02. H2O America had a return on equity of 6.65% and a net margin of 12.91%.The firm had revenue of $210.47 million during the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities research analysts expect that H2O America will post 2.8 EPS for the current fiscal year.

H2O America Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Stockholders of record on Monday, August 10th will be paid a $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Monday, August 10th. H2O America’s dividend payout ratio is 62.19%.

Insiders Place Their Bets

In other news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the stock in a transaction that occurred on Tuesday, July 7th. The stock was purchased at an average cost of $62.03 per share, with a total value of $172,691.52. Following the completion of the acquisition, the insider directly owned 4,615,265 shares in the company, valued at $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

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.