CIBC Bancorp USA Inc. Acquires Shares of 187,026 H2O America $HTO

CIBC Bancorp USA Inc. bought a new stake in shares of H2O America (NASDAQ:HTO) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 187,026 shares of the utilities provider’s stock, valued at approximately $9,108,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Amundi purchased a new position in H2O America during the third quarter valued at approximately $105,965,000. First Trust Advisors LP acquired a new stake in H2O America in the third quarter worth about $64,063,000. Dimensional Fund Advisors LP acquired a new position in H2O America during the 3rd quarter valued at approximately $31,737,000. Invesco Ltd. acquired a new position in shares of H2O America in the 3rd quarter valued at $27,753,000. Finally, Legal & General Group Plc purchased a new position in shares of H2O America in the third quarter worth about $27,313,000. Institutional investors own 84.29% of the company’s stock.

H2O America Price Performance

Shares of NASDAQ HTO opened at $56.30 on Friday. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.21. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 19.28, a PEG ratio of 2.92 and a beta of 0.48. The company’s 50-day moving average price is $54.46 and its 200 day moving average price is $50.48. H2O America has a 52 week low of $43.75 and a 52 week high of $59.00.

H2O America (NASDAQ:HTO) last announced its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. The company had revenue of $194.19 million for the quarter, compared to the consensus estimate of $195.73 million. H2O America had a net margin of 12.81% and a return on equity of 7.08%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, research analysts forecast that H2O America will post 2.75 earnings per share for the current fiscal year.

H2O America Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Investors of record on Monday, February 9th were paid a $0.44 dividend. The ex-dividend date of this dividend was Monday, February 9th. This represents a $1.76 dividend on an annualized basis and a yield of 3.1%. H2O America’s dividend payout ratio is presently 60.27%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HTO shares. Weiss Ratings reiterated a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Zacks Research raised shares of H2O America from a “strong sell” rating to a “hold” rating in a research note on Monday, March 16th. BTIG Research reaffirmed a “buy” rating and set a $61.00 target price on shares of H2O America in a report on Tuesday, March 3rd. UBS Group set a $61.00 price target on H2O America in a report on Friday, January 9th. Finally, Barclays upped their price objective on H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a report on Monday, March 9th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, H2O America presently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

About H2O America

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.