The Manufacturers Life Insurance Company Takes $974,000 Position in H2O America $HTO

The Manufacturers Life Insurance Company acquired a new stake in shares of H2O America (NASDAQ:HTO) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 16,020 shares of the utilities provider’s stock, valued at approximately $974,000.

Other large investors also recently bought and sold shares of the company. Quadrant Capital Group LLC increased its holdings in H2O America by 194.9% in the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock worth $26,000 after buying an additional 347 shares in the last quarter. Parallel Advisors LLC lifted its stake in H2O America by 1,020.8% during the 4th quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after acquiring an additional 541 shares during the period. Bessemer Group Inc. lifted its stake in H2O America by 44.6% during the 1st quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock valued at $39,000 after acquiring an additional 204 shares during the period. Allworth Financial LP purchased a new stake in shares of H2O America during the 2nd quarter valued at about $42,000. Finally, Farther Finance Advisors LLC purchased a new stake in shares of H2O America during the 4th quarter valued at about $40,000. 84.29% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other H2O America news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the company’s stock in a transaction dated Tuesday, July 7th. The shares were 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. The trade was a 0.06% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.52% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on HTO shares. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Barclays raised 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. Seaport Research Partners reiterated a “buy” rating and set a $67.00 target price on shares of H2O America in a research note on Wednesday, August 12th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of H2O America in a report on Monday, August 3rd. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $65.67.

H2O America Trading Down 0.4%

H2O America stock opened at $64.32 on Friday. H2O America has a 52-week low of $43.75 and a 52-week high of $67.09. The company has a market cap of $2.69 billion, a P/E ratio of 22.73, a P/E/G ratio of 7.41 and a beta of 0.34. The company has a quick ratio of 1.67, a current ratio of 1.67 and a debt-to-equity ratio of 1.02. The business has a 50-day simple moving average of $62.93 and a two-hundred day simple moving average of $59.36.

H2O America (NASDAQ:HTO) last issued 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. The firm had revenue of $210.47 million for the quarter. H2O America had a net margin of 12.91% and a return on equity of 6.65%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts predict 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 was paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th were given a $0.44 dividend. The ex-dividend date was Monday, August 10th. This represents a $1.76 annualized dividend and a yield of 2.7%. H2O America’s dividend payout ratio (DPR) is presently 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.