JPMorgan Chase & Co. Acquires New Shares in H2O America $HTO

JPMorgan Chase & Co. purchased a new stake in shares of H2O America (NASDAQ:HTO) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 216,747 shares of the utilities provider’s stock, valued at approximately $10,556,000. JPMorgan Chase & Co. owned approximately 0.61% of H2O America at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi acquired a new position in H2O America during the 3rd quarter worth about $105,965,000. First Trust Advisors LP acquired a new stake in shares of H2O America in the third quarter valued at about $64,063,000. Dimensional Fund Advisors LP bought a new position in shares of H2O America during the third quarter worth about $31,737,000. Invesco Ltd. bought a new position in shares of H2O America during the third quarter worth about $27,753,000. Finally, Legal & General Group Plc acquired a new position in shares of H2O America in the third quarter worth approximately $27,313,000. 84.29% of the stock is currently owned by institutional investors.

H2O America Price Performance

HTO opened at $57.97 on Friday. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $59.00. The firm has a 50-day moving average of $54.87 and a 200 day moving average of $50.74. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. The firm has a market cap of $2.10 billion, a P/E ratio of 19.85, a PEG ratio of 3.00 and a beta of 0.48.

H2O America (NASDAQ:HTO) last posted its earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share for the quarter. The firm had revenue of $194.19 million during 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. On average, research analysts expect that H2O America will post 2.75 EPS for the current year.

H2O America Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 2nd. Stockholders of record on Monday, February 9th were given a dividend of $0.44 per share. The ex-dividend date was Monday, February 9th. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. H2O America’s dividend payout ratio is 60.27%.

Analyst Ratings Changes

A number of analysts have weighed in on the company. BTIG Research reiterated a “buy” rating and set a $61.00 price target on shares of H2O America in a report on Tuesday, March 3rd. Wall Street Zen downgraded H2O America from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Barclays upped their target price on H2O America from $61.00 to $63.00 and gave the company an “overweight” rating in a research report on Monday, March 9th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of H2O America in a research note on Thursday, January 22nd. Finally, UBS Group set a $61.00 target price on H2O America in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, H2O America currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.00.

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.