Boston Trust Walden Corp Purchases New Stake in H2O America $HTO

Boston Trust Walden Corp purchased a new stake in shares of H2O America (NASDAQ:HTO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 82,722 shares of the utilities provider’s stock, valued at approximately $4,853,000.

Several other institutional investors also recently bought and sold shares of the business. US Bancorp DE purchased a new stake in H2O America during the third quarter worth approximately $62,000. Intech Investment Management LLC purchased a new position in shares of H2O America in the 3rd quarter valued at $687,000. Quantbot Technologies LP acquired a new position in shares of H2O America during the 3rd quarter valued at $1,143,000. Elo Mutual Pension Insurance Co acquired a new position in shares of H2O America during the 3rd quarter valued at $592,000. Finally, Victory Capital Management Inc. acquired a new position in shares of H2O America during the 3rd quarter valued at $21,320,000. 84.29% of the stock is currently owned by hedge funds and other institutional investors.

H2O America Price Performance

HTO opened at $62.42 on Friday. H2O America has a twelve month low of $43.75 and a twelve month high of $62.68. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 6.98 and a beta of 0.35. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $57.93 and a 200 day simple moving average of $55.66.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data 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. The company had revenue of $183.29 million during the quarter. H2O America had a net margin of 12.87% and a return on equity of 6.76%. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. Equities research analysts expect that H2O America will post 2.7 EPS for the current fiscal year.

H2O America Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 1st. Investors of record on Monday, May 11th were issued a $0.44 dividend. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.76 dividend on an annualized basis and a yield of 2.8%. H2O America’s dividend payout ratio is currently 60.27%.

Analyst Upgrades and Downgrades

HTO has been the subject of several recent research reports. Barclays lowered their price target on H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday, April 15th. Wall Street Zen upgraded H2O America from a “sell” rating to a “hold” rating in a research note on Saturday. Robert W. Baird started coverage on H2O America in a research report on Friday, March 13th. They issued an “outperform” rating and a $67.00 target price for the company. Weiss Ratings upgraded H2O America from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, May 6th. Finally, TD Cowen assumed coverage on H2O America in a report on Thursday, April 16th. They set a “hold” rating and a $64.00 target price on the stock. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $62.17.

Insider Transactions at H2O America

In other H2O America news, major shareholder Atlas Holdings Ltd Gip acquired 50,385 shares of the stock in a transaction on Friday, April 10th. The stock was purchased at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the purchase, the insider directly owned 4,582,469 shares in the company, valued at $270,640,619.14. This trade represents a 1.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, major shareholder Atlas Infrastructure Partners acquired 50,385 shares of the company’s stock in a transaction on Friday, April 10th. The shares were acquired at an average price of $59.06 per share, for a total transaction of $2,975,738.10. Following the completion of the acquisition, the insider directly owned 4,582,469 shares in the company, valued at $270,640,619.14. The trade was a 1.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased 102,902 shares of company stock valued at $6,081,017 in the last three months. 0.52% of the stock is currently owned by company insiders.

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.