32,849 Shares in H2O America $HTO Bought by Fideuram Intesa Sanpaolo Private Banking S.P.A.

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new position in shares of H2O America (NASDAQ:HTO) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,849 shares of the utilities provider’s stock, valued at approximately $1,609,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC purchased a new stake in H2O America during the third quarter worth $40,000. Farther Finance Advisors LLC purchased a new stake in H2O America during the fourth quarter worth $40,000. US Bancorp DE purchased a new stake in H2O America during the third quarter worth $62,000. Larson Financial Group LLC boosted its holdings in H2O America by 7,646.2% during the fourth quarter. Larson Financial Group LLC now owns 2,014 shares of the utilities provider’s stock worth $99,000 after buying an additional 1,988 shares in the last quarter. Finally, Creative Financial Designs Inc. ADV purchased a new stake in H2O America during the third quarter worth $100,000. 84.29% of the stock is owned by hedge funds and other institutional investors.

H2O America Stock Performance

HTO opened at $57.58 on Friday. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 1.02. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 19.72, a PEG ratio of 6.36 and a beta of 0.35. H2O America has a 52-week low of $43.75 and a 52-week high of $61.87. The firm’s fifty day simple moving average is $58.00 and its two-hundred day simple moving average is $53.25.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data 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 business 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. Equities analysts anticipate that H2O America will post 2.7 earnings per share for the current fiscal year.

H2O America Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Monday, May 11th will be paid a $0.44 dividend. This represents a $1.76 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, May 11th. H2O America’s dividend payout ratio (DPR) is currently 60.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a report on Saturday, May 2nd. Robert W. Baird assumed coverage on shares of H2O America in a report on Friday, March 13th. They set an “outperform” rating and a $67.00 price objective on the stock. Bank of America reaffirmed a “buy” rating on shares of H2O America in a report on Wednesday, April 22nd. Barclays decreased their price objective on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday, April 15th. Finally, TD Cowen assumed coverage on shares of H2O America in a report on Thursday, April 16th. They set a “hold” rating and a $64.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, H2O America has an average rating of “Moderate Buy” and an average target price of $62.17.

Insider Activity

In other H2O America news, major shareholder Atlas Infrastructure Partners purchased 50,385 shares of the firm’s stock in a transaction dated Friday, April 10th. The shares were purchased at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the purchase, 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was acquired at an average cost of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the purchase, the insider owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. This represents a 1.11% increase in their position. The SEC filing for this purchase provides additional information. Company insiders own 0.52% of the company’s stock.

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.