Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $1.61 Million Investment in H2O America $HTO

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of H2O America (NASDAQ:HTO) in the fourth quarter, Holdings Channel reports. The fund purchased 32,849 shares of the utilities provider’s stock, valued at approximately $1,609,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Vanguard Group Inc. acquired a new position in H2O America during the 4th quarter worth $133,834,000. Amundi acquired a new position in H2O America during the 3rd quarter worth $105,965,000. First Trust Advisors LP acquired a new position in H2O America during the 3rd quarter worth $64,063,000. Dimensional Fund Advisors LP acquired a new position in H2O America during the 3rd quarter worth $31,737,000. Finally, Invesco Ltd. acquired a new position in H2O America during the 3rd quarter worth $27,753,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on HTO shares. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a research report on Saturday, May 2nd. BTIG Research reiterated a “buy” rating and set a $61.00 price target on shares of H2O America in a research report on Tuesday, March 3rd. Bank of America reissued a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. TD Cowen started coverage on H2O America in a research note on Thursday, April 16th. They issued a “hold” rating and a $64.00 price objective on the stock. Finally, Robert W. Baird started coverage on H2O America in a research note on Friday, March 13th. They issued an “outperform” rating and a $67.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.17.

H2O America Stock Up 1.0%

HTO opened at $58.13 on Friday. H2O America has a one year low of $43.75 and a one year high of $61.87. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02. The stock’s fifty day moving average is $58.03 and its 200-day moving average is $53.28. The company has a market capitalization of $2.43 billion, a PE ratio of 19.91, a P/E/G ratio of 6.50 and a beta of 0.35.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. H2O America had a return on equity of 6.76% and a net margin of 12.87%.The company had revenue of $183.29 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. On average, equities analysts predict that H2O America will post 2.7 EPS for the current fiscal year.

H2O America Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be given a dividend of $0.44 per share. The ex-dividend date of this dividend is Monday, May 11th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.0%. H2O America’s payout ratio is 60.27%.

Insiders Place Their Bets

In related news, major shareholder Atlas Infrastructure Partners bought 50,385 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were bought at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the transaction, the insider directly owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. This trade represents a 1.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Atlas Holdings Ltd Gip bought 50,385 shares of the business’s stock in a transaction dated Friday, April 10th. The shares were bought at an average cost of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the transaction, the insider directly owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. This trade represents a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is owned by insiders.

H2O America 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.