CenterBook Partners LP Buys New Shares in H2O America $HTO

CenterBook Partners LP bought a new stake in H2O America (NASDAQ:HTO) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 28,976 shares of the utilities provider’s stock, valued at approximately $1,420,000. CenterBook Partners LP owned 0.08% of H2O America as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of HTO. US Bancorp DE acquired a new position in H2O America in the third quarter valued at $62,000. Intech Investment Management LLC acquired a new position in H2O America in the third quarter valued at $687,000. R Squared Ltd acquired a new position in H2O America in the third quarter valued at $243,000. Handelsbanken Fonder AB acquired a new position in H2O America in the third quarter valued at $514,000. Finally, Creative Financial Designs Inc. ADV acquired a new position in H2O America in the third quarter valued at $100,000. Institutional investors and hedge funds own 84.29% of the company’s stock.

H2O America Price Performance

Shares of NASDAQ HTO opened at $57.75 on Thursday. The firm’s 50-day moving average price is $57.99 and its 200-day moving average price is $54.30. H2O America has a 1-year low of $43.75 and a 1-year high of $61.87. The firm has a market capitalization of $2.42 billion, a P/E ratio of 19.78, a P/E/G ratio of 6.44 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.

H2O America (NASDAQ:HTO) last announced its quarterly earnings data on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share for the quarter, beating the consensus estimate 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 research analysts anticipate that H2O America will post 2.7 earnings per share for the current fiscal year.

H2O America Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 1st. Stockholders of record on Monday, May 11th were given a dividend of $0.44 per share. The ex-dividend date of this dividend was Monday, May 11th. This represents a $1.76 annualized dividend and a dividend yield of 3.0%. H2O America’s payout ratio is presently 60.27%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on HTO shares. Weiss Ratings upgraded shares of H2O America from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, May 6th. Bank of America restated a “buy” rating on shares of H2O America in a report on Wednesday, April 22nd. TD Cowen initiated coverage on shares of H2O America in a report on Thursday, April 16th. They set a “hold” rating and a $64.00 price objective on the stock. Wall Street Zen upgraded shares of H2O America from a “sell” rating to a “hold” rating in a report on Sunday. Finally, Wells Fargo & Company initiated coverage on shares of H2O America in a report on Monday, May 11th. They set an “equal weight” rating and a $60.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, H2O America presently has a consensus rating of “Moderate Buy” and a consensus price target of $62.17.

Insider Activity

In other H2O America news, major shareholder Atlas Infrastructure Partners bought 50,385 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the transaction, the insider directly owned 4,582,469 shares in the company, valued at approximately $270,640,619.14. The trade was a 1.11% increase in their position. The purchase was disclosed in a document filed 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 shares were acquired at an average cost of $59.06 per share, with a total value of $2,975,738.10. Following the completion of the transaction, the insider owned 4,582,469 shares of the company’s stock, valued at $270,640,619.14. This represents a 1.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 0.52% of the company’s stock.

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.