CIBC Private Wealth Group LLC Takes $8.94 Million Position in H2O America $HTO

CIBC Private Wealth Group LLC acquired a new stake in H2O America (NASDAQ:HTO) in the 3rd quarter, Holdings Channel.com reports. The firm acquired 183,631 shares of the utilities provider’s stock, valued at approximately $8,943,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Hughes Financial Services LLC acquired a new position in H2O America during the third quarter worth about $40,000. US Bancorp DE purchased a new position in H2O America in the third quarter valued at about $62,000. Creative Financial Designs Inc. ADV acquired a new stake in shares of H2O America during the 3rd quarter valued at approximately $100,000. Mercer Global Advisors Inc. ADV acquired a new stake in shares of H2O America during the 3rd quarter valued at approximately $203,000. Finally, Russell Investments Group Ltd. purchased a new stake in shares of H2O America during the 3rd quarter worth approximately $210,000. Hedge funds and other institutional investors own 84.29% of the company’s stock.

H2O America Trading Down 0.3%

Shares of HTO opened at $56.30 on Friday. The business’s 50-day moving average price is $54.46 and its 200 day moving average price is $50.48. 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 capitalization of $2.04 billion, a P/E ratio of 19.28, a P/E/G ratio of 2.92 and a beta of 0.48. H2O America has a 1-year low of $43.75 and a 1-year high of $59.00.

H2O America (NASDAQ:HTO) last released its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. H2O America had a return on equity of 7.08% and a net margin of 12.81%.The company had revenue of $194.19 million during the quarter, compared to analyst estimates of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Analysts expect that H2O America will post 2.75 earnings per share for the current year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Investors 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 yield of 3.1%. H2O America’s dividend payout ratio is currently 60.27%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on HTO shares. Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a report on Saturday, February 28th. UBS Group set a $61.00 price objective on shares of H2O America in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Citigroup upgraded shares of H2O America to a “buy” rating in a report on Friday, January 9th. Finally, BTIG Research restated a “buy” rating and set a $61.00 target price on shares of H2O America in a research report on Tuesday, March 3rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price 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.