Clear Harbor Asset Management LLC Makes New Investment in H2O America $HTO

Clear Harbor Asset Management LLC bought a new position in H2O America (NASDAQ:HTO) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 27,811 shares of the utilities provider’s stock, valued at approximately $1,690,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in HTO. US Bancorp DE purchased a new position in H2O America in the 3rd quarter worth approximately $62,000. Dimensional Fund Advisors LP purchased a new stake in H2O America during the 3rd quarter valued at $31,737,000. Barclays PLC purchased a new stake in H2O America during the 3rd quarter valued at $3,054,000. Private Advisor Group LLC bought a new stake in shares of H2O America in the 3rd quarter worth $694,000. Finally, Schroder Investment Management Group bought a new stake in shares of H2O America in the 3rd quarter worth $7,279,000. Institutional investors own 84.29% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently commented on HTO shares. Seaport Research Partners reaffirmed a “buy” rating and set a $67.00 price objective on shares of H2O America in a research report on Wednesday, August 12th. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a report on Sunday, August 16th. Weiss Ratings reissued a “hold (c+)” rating on shares of H2O America in a research report on Monday, August 3rd. Zacks Research upgraded shares of H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, June 22nd. Finally, Barclays raised their price target on shares of H2O America from $60.00 to $67.00 and gave the company an “overweight” rating in a report on Wednesday, July 15th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, H2O America presently has an average rating of “Moderate Buy” and a consensus target price of $65.67.

H2O America Price Performance

Shares of H2O America stock opened at $63.48 on Friday. The stock has a market cap of $2.66 billion, a P/E ratio of 22.43, a P/E/G ratio of 7.31 and a beta of 0.34. The company has a debt-to-equity ratio of 1.02, a quick ratio of 1.67 and a current ratio of 1.67. The stock’s fifty day moving average is $61.72 and its 200 day moving average is $58.58. H2O America has a one year low of $43.75 and a one year high of $67.09.

H2O America (NASDAQ:HTO) last posted its quarterly earnings results on Monday, July 27th. The utilities provider reported $0.72 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. The business had revenue of $210.47 million during 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. Sell-side analysts anticipate that H2O America will post 2.8 earnings per share for the current year.

H2O America Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 10th will be issued a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, August 10th. H2O America’s dividend payout ratio is 62.19%.

Insider Activity at H2O America

In other news, major shareholder Atlas Infrastructure Partners purchased 2,784 shares of the company’s stock in a transaction that occurred on Tuesday, July 7th. The stock was bought at an average cost of $62.03 per share, with a total value of $172,691.52. Following the completion of the purchase, the insider owned 4,615,265 shares in the company, valued at approximately $286,284,887.95. This represents a 0.06% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.52% of the stock is owned by company insiders.

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.