H2O America (NASDAQ:HTO) Major Shareholder Atlas Holdings Ltd Gip Buys 50,385 Shares

H2O America (NASDAQ:HTO) major shareholder Atlas Holdings Ltd Gip bought 50,385 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was bought at an average price 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 trade represents a 1.11% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

H2O America Price Performance

Shares of H2O America stock opened at $60.04 on Thursday. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 20.56, a price-to-earnings-growth ratio of 3.22 and a beta of 0.42. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. The stock has a 50 day moving average price of $57.22 and a 200-day moving average price of $52.06. H2O America has a one year low of $43.75 and a one year high of $60.97.

H2O America (NASDAQ:HTO) last announced its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 EPS for the quarter. The firm had revenue of $194.19 million during 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 expect that H2O America will post 2.82 EPS for the current year.

H2O America Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were issued a $0.44 dividend. The ex-dividend date was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a dividend yield of 2.9%. H2O America’s payout ratio is 60.27%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HTO shares. Citigroup upgraded H2O America to a “buy” rating in a report on Friday, January 9th. Weiss Ratings restated a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. Robert W. Baird started coverage on H2O America in a report on Friday, March 13th. They set an “outperform” rating and a $67.00 price objective for the company. UBS Group set a $61.00 price objective on H2O America in a report on Friday, January 9th. Finally, TD Cowen started coverage on H2O America in a report on Thursday, April 16th. They set a “hold” rating and a $64.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $61.83.

Hedge Funds Weigh In On H2O America

A number of large investors have recently bought and sold shares of HTO. Quadrant Capital Group LLC boosted its holdings in H2O America by 194.9% during the 4th quarter. Quadrant Capital Group LLC now owns 525 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 347 shares during the period. Parallel Advisors LLC raised its position 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 purchasing an additional 541 shares in the last quarter. Hughes Financial Services LLC bought a new stake in H2O America during the 3rd quarter valued at $40,000. Farther Finance Advisors LLC bought a new stake in H2O America during the 4th quarter valued at $40,000. Finally, IFP Advisors Inc raised its position in H2O America by 139.8% during the 4th quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock valued at $48,000 after purchasing an additional 569 shares in the last quarter. Hedge funds and other institutional investors own 84.29% of the company’s stock.

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.