Ieq Capital LLC Buys New Holdings in H2O America $HTO

Ieq Capital LLC purchased a new position in shares of H2O America (NASDAQ:HTO) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 29,734 shares of the utilities provider’s stock, valued at approximately $1,807,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allworth Financial LP acquired a new stake in shares of H2O America in the second quarter valued at approximately $42,000. Nuance Investments LLC acquired a new position in shares of H2O America during the 2nd quarter worth approximately $9,386,000. BlackRock Inc. acquired a new position in shares of H2O America during the 2nd quarter worth approximately $431,857,000. Deutsche Bank AG bought a new stake in H2O America in the 2nd quarter valued at $3,466,000. Finally, Perigon Wealth Management LLC bought a new stake in H2O America in the 2nd quarter valued at $388,000. Institutional investors own 84.29% of the company’s stock.

Insider Buying and Selling

In other H2O America news, major shareholder Atlas Infrastructure Partners acquired 2,784 shares of the company’s stock in a transaction on Tuesday, July 7th. The stock was acquired at an average price of $62.03 per share, for a total transaction of $172,691.52. Following the purchase, the insider directly owned 4,615,265 shares of the company’s stock, valued at $286,284,887.95. This trade represents a 0.06% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on HTO shares. Robert W. Baird lifted their price objective on shares of H2O America from $67.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 29th. Wells Fargo & Company initiated coverage on shares of H2O America in a research report on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price objective on the stock. Barclays lifted their target price on shares of H2O America from $60.00 to $67.00 and gave the stock an “overweight” rating in a report on Wednesday, July 15th. Weiss Ratings reiterated a “hold (c+)” rating on shares of H2O America in a research note on Monday, August 3rd. Finally, BTIG Research set a $70.00 price target on shares of H2O America in a report on Wednesday, July 29th. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, H2O America presently has an average rating of “Moderate Buy” and a consensus price target of $65.67.

H2O America Stock Performance

Shares of NASDAQ HTO opened at $63.89 on Wednesday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.67 and a quick ratio of 1.67. The stock’s fifty day moving average price is $62.00 and its two-hundred day moving average price is $58.79. H2O America has a one year low of $43.75 and a one year high of $67.09. The firm has a market cap of $2.67 billion, a price-to-earnings ratio of 22.58, a P/E/G ratio of 7.43 and a beta of 0.34.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping the consensus estimate 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 for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, equities analysts forecast that H2O America will post 2.8 EPS for the current year.

H2O America Dividend Announcement

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

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.