Quantbot Technologies LP Takes Position in H2O America $HTO

Quantbot Technologies LP acquired a new position in H2O America (NASDAQ:HTO) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 23,468 shares of the utilities provider’s stock, valued at approximately $1,143,000.

Other hedge funds have also recently bought and sold shares of the company. US Bancorp DE bought a new position in H2O America during the third quarter valued at about $62,000. Creative Financial Designs Inc. ADV bought a new stake in shares of H2O America during the 3rd quarter worth about $100,000. R Squared Ltd bought a new stake in shares of H2O America during the 3rd quarter worth about $243,000. Handelsbanken Fonder AB acquired a new position in shares of H2O America during the 3rd quarter valued at about $514,000. Finally, Intech Investment Management LLC acquired a new position in shares of H2O America during the 3rd quarter valued at about $687,000. 84.29% of the stock is owned by institutional investors and hedge funds.

H2O America Trading Up 3.0%

HTO stock opened at $58.21 on Friday. H2O America has a 1-year low of $43.75 and a 1-year high of $58.45. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.21. The business’s 50 day moving average is $52.94 and its 200-day moving average is $49.98. The firm has a market cap of $2.10 billion, a P/E ratio of 19.93, a P/E/G ratio of 2.92 and a beta of 0.48.

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

H2O America Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.0%. The ex-dividend date of this dividend was Monday, February 9th. H2O America’s dividend payout ratio (DPR) is currently 60.27%.

Wall Street Analyst Weigh In

HTO has been the subject of several analyst reports. Wall Street Zen lowered H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. Citigroup upgraded shares of H2O America to a “buy” rating in a research note on Friday, January 9th. Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Barclays assumed coverage on shares of H2O America in a report on Monday, February 23rd. They issued an “overweight” rating and a $61.00 target price on the stock. Finally, UBS Group set a $61.00 price target on shares of H2O America in a report on Friday, January 9th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, H2O America currently has an average rating of “Hold” and a consensus 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.