Canvas Wealth Advisors LLC Invests $526,000 in H2O America $HTO

Canvas Wealth Advisors LLC bought a new stake in shares of H2O America (NASDAQ:HTO) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 10,729 shares of the utilities provider’s stock, valued at approximately $526,000.

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

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HTO. Zacks Research raised H2O America from a “strong sell” rating to a “hold” rating in a research report on Monday, March 16th. UBS Group set a $61.00 price target on H2O America in a research report on Friday, January 9th. Citigroup raised shares of H2O America to a “buy” rating in a research note on Friday, January 9th. Wall Street Zen cut shares of H2O America from a “hold” rating to a “sell” rating in a research report on Saturday, February 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $62.00.

H2O America Stock Up 0.5%

Shares of NASDAQ:HTO opened at $56.72 on Thursday. The firm has a market capitalization of $2.05 billion, a PE ratio of 19.42, a price-to-earnings-growth ratio of 2.92 and a beta of 0.48. The business has a 50 day simple moving average of $54.70 and a two-hundred day simple moving average of $50.63. H2O America has a 1 year low of $43.75 and a 1 year high of $59.00. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.70 and a quick ratio of 0.70.

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

H2O America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 2nd. Shareholders of record on Monday, February 9th were paid 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 (DPR) is presently 60.27%.

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.