Everstar Asset Management LLC Grows Stock Holdings in H2O America $HTO

Everstar Asset Management LLC grew its position in shares of H2O America (NASDAQ:HTO) by 139.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,365 shares of the utilities provider’s stock after purchasing an additional 11,865 shares during the period. Everstar Asset Management LLC’s holdings in H2O America were worth $1,195,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. US Bancorp DE bought a new position in shares of H2O America during the 3rd quarter valued at about $62,000. Intech Investment Management LLC purchased a new stake in H2O America in the third quarter worth approximately $687,000. R Squared Ltd purchased a new stake in H2O America in the third quarter worth approximately $243,000. Handelsbanken Fonder AB bought a new position in H2O America during the third quarter valued at approximately $514,000. Finally, Creative Financial Designs Inc. ADV bought a new position in H2O America during the third quarter valued at approximately $100,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at H2O America

In other news, major shareholder Atlas Infrastructure Partners bought 50,385 shares of H2O America stock in a transaction on Friday, April 10th. The shares were purchased at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the acquisition, the insider owned 4,582,469 shares of the company’s stock, valued at approximately $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, major shareholder Atlas Holdings Ltd Gip bought 50,385 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was purchased at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the transaction, the insider directly owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. This represents a 1.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders own 0.52% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. 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. Wells Fargo & Company began coverage on H2O America in a research note on Monday, May 11th. They set an “equal weight” rating and a $60.00 price objective on the stock. Bank of America reissued a “buy” rating on shares of H2O America in a research note on Wednesday, April 22nd. Wall Street Zen cut H2O America from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Weiss Ratings upgraded H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.17.

H2O America Stock Down 0.0%

Shares of NASDAQ HTO opened at $56.69 on Monday. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02. H2O America has a 12 month low of $43.75 and a 12 month high of $61.87. The firm has a market capitalization of $2.37 billion, a PE ratio of 19.41, a price-to-earnings-growth ratio of 6.34 and a beta of 0.35. The firm has a fifty day simple moving average of $57.72 and a two-hundred day simple moving average of $54.84.

H2O America (NASDAQ:HTO) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. H2O America had a net margin of 12.87% and a return on equity of 6.76%. The firm had revenue of $183.29 million for the quarter. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities analysts expect that H2O America will post 2.7 earnings per share for the current year.

H2O America Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 1st. Shareholders of record on Monday, May 11th were given a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend was Monday, May 11th. H2O America’s payout ratio is presently 60.27%.

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.