H2O America (NASDAQ:HTO) Posts Earnings Results, Beats Estimates By $0.02 EPS

H2O America (NASDAQ:HTO) announced its quarterly earnings results on Monday. The utilities provider reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.70 by $0.02, Zacks reports. The business had revenue of $210.47 million during the quarter. H2O America had a net margin of 12.87% and a return on equity of 6.76%. H2O America updated its FY 2026 guidance to 3.080-3.180 EPS.

H2O America Trading Down 0.5%

H2O America stock opened at $63.50 on Tuesday. The stock has a market cap of $2.66 billion, a PE ratio of 21.75, a P/E/G ratio of 7.64 and a beta of 0.35. 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 50-day moving average price of $59.64 and a 200 day moving average price of $57.24. H2O America has a 52 week low of $43.75 and a 52 week high of $66.05.

H2O America Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Investors of record on Monday, August 10th will be given a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, August 10th. H2O America’s dividend payout ratio (DPR) is currently 60.27%.

Analysts Set New Price Targets

HTO has been the topic of a number of research reports. BTIG Research restated a “buy” rating and issued a $67.00 price target on shares of H2O America in a report on Thursday. Wells Fargo & Company initiated coverage on H2O America in a research report on Monday, May 11th. They set an “equal weight” rating and a $60.00 target price on the stock. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a report on Monday, June 22nd. Weiss Ratings raised H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, TD Cowen began 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 on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $64.33.

Insider Activity at H2O America

In other news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the stock in a transaction dated Tuesday, July 7th. The stock was acquired at an average cost of $62.03 per share, for a total transaction of $172,691.52. Following the completion of the acquisition, the insider directly owned 4,615,265 shares in the company, valued at $286,284,887.95. This represents a 0.06% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is currently owned by company insiders.

Institutional Trading of H2O America

A number of hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC raised 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 valued at $26,000 after acquiring an additional 347 shares during the last quarter. Parallel Advisors LLC increased its stake in H2O America by 1,020.8% in the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock valued at $29,000 after purchasing an additional 541 shares during the last quarter. US Bancorp DE purchased a new position in H2O America during the third quarter worth about $62,000. Meeder Asset Management Inc. purchased a new position in H2O America during the fourth quarter worth about $103,000. Finally, Kestra Advisory Services LLC purchased a new stake in H2O America in the 4th quarter valued at about $124,000. Institutional investors and hedge funds 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.