CenterBook Partners LP Purchases New Shares in H2O America $HTO

CenterBook Partners LP purchased a new stake in H2O America (NASDAQ:HTO) in the fourth quarter, Holdings Channel.com reports. The fund purchased 28,976 shares of the utilities provider’s stock, valued at approximately $1,420,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Parallel Advisors LLC raised its position in H2O America by 1,020.8% in the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after buying an additional 541 shares during the last quarter. Farther Finance Advisors LLC purchased a new stake in H2O America in the 4th quarter valued at $40,000. Hughes Financial Services LLC bought a new stake in H2O America in the 3rd quarter worth about $40,000. IFP Advisors Inc increased its stake in H2O America by 139.8% in the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock valued at $48,000 after buying an additional 569 shares during the last quarter. Finally, US Bancorp DE purchased a new stake in H2O America in the 3rd quarter valued at about $62,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Zacks Research lowered shares of H2O America from a “hold” rating to a “strong sell” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of H2O America from a “sell” rating to a “hold” rating in a research note on Sunday. TD Cowen assumed coverage on shares of H2O America in a research note on Thursday, April 16th. They issued a “hold” rating and a $64.00 price objective for the company. Wells Fargo & Company assumed coverage on shares of H2O America in a research note on Monday, May 11th. They issued an “equal weight” rating and a $60.00 price objective for the company. Finally, Bank of America reiterated a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $62.17.

Insider Activity at H2O America

In other H2O America news, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the acquisition, the insider owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The stock was acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the acquisition, the insider owned 4,582,469 shares in the company, valued at $270,640,619.14. This trade represents a 1.11% increase in their position. The disclosure for this purchase is available in the SEC filing. 0.52% of the stock is currently owned by company insiders.

H2O America Trading Up 0.2%

NASDAQ:HTO opened at $57.75 on Thursday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $2.42 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 6.44 and a beta of 0.35. The firm’s 50 day moving average is $57.99 and its 200 day moving average is $54.30. H2O America has a 12 month low of $43.75 and a 12 month high of $61.87.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $183.29 million for the quarter. H2O America had a net margin of 12.87% and a return on equity of 6.76%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Sell-side analysts expect that H2O America will post 2.7 earnings per share for the current year.

H2O America Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.76 annualized dividend and a yield of 3.0%. H2O America’s dividend payout ratio (DPR) is 60.27%.

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.