Handelsbanken Fonder AB Makes New $514,000 Investment in H2O America $HTO

Handelsbanken Fonder AB acquired a new position in shares of H2O America (NASDAQ:HTO) in the 3rd quarter, HoldingsChannel reports. The fund acquired 10,546 shares of the utilities provider’s stock, valued at approximately $514,000.

Several other hedge funds and other institutional investors have also made changes to their positions in HTO. R Squared Ltd acquired a new position in H2O America in the third quarter valued at approximately $243,000. Intech Investment Management LLC acquired a new stake in H2O America during the third quarter worth approximately $687,000. Finally, US Bancorp DE purchased a new stake in shares of H2O America during the 3rd quarter worth approximately $62,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

H2O America Stock Down 2.4%

HTO opened at $56.50 on Friday. H2O America has a 52 week low of $43.75 and a 52 week high of $58.45. The business has a 50 day moving average price of $52.75 and a two-hundred day moving average price of $49.92. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.21. The company has a market cap of $2.04 billion, a PE ratio of 19.35, a P/E/G ratio of 2.99 and a beta of 0.48.

H2O America (NASDAQ:HTO) last released its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The business had revenue of $194.19 million for the quarter, compared to analyst estimates of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, research analysts anticipate that H2O America will post 2.75 EPS for the current year.

H2O America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a yield of 3.1%. H2O America’s dividend payout ratio is presently 60.27%.

Analyst Ratings Changes

Several equities research analysts recently commented on HTO shares. Barclays started coverage on shares of H2O America in a research note on Monday, February 23rd. They set an “overweight” rating and a $61.00 price target on the stock. Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. BTIG Research reissued a “buy” rating and issued a $61.00 target price on shares of H2O America in a report on Tuesday. Zacks Research downgraded H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. Finally, UBS Group set a $61.00 price target on H2O America in a research report on Friday, January 9th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $60.25.

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.