Keynote Financial Services LLC Takes $2.75 Million Position in H2O America $HTO

Keynote Financial Services LLC acquired a new stake in H2O America (NASDAQ:HTO) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 56,218 shares of the utilities provider’s stock, valued at approximately $2,754,000. H2O America comprises approximately 1.5% of Keynote Financial Services LLC’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. New Age Alpha Advisors LLC boosted its position in H2O America by 0.4% during the fourth quarter. New Age Alpha Advisors LLC now owns 61,651 shares of the utilities provider’s stock worth $3,020,000 after purchasing an additional 239 shares during the period. Magellan Asset Management Ltd boosted its position in H2O America by 1.3% during the fourth quarter. Magellan Asset Management Ltd now owns 21,849 shares of the utilities provider’s stock worth $1,070,000 after purchasing an additional 285 shares during the period. MetLife Investment Management LLC boosted its position in H2O America by 2.1% during the fourth quarter. MetLife Investment Management LLC now owns 18,331 shares of the utilities provider’s stock worth $898,000 after purchasing an additional 379 shares during the period. Parallel Advisors LLC boosted its position in H2O America by 1,020.8% during the fourth quarter. Parallel Advisors LLC now owns 594 shares of the utilities provider’s stock worth $29,000 after purchasing an additional 541 shares during the period. Finally, IFP Advisors Inc boosted its position in H2O America by 139.8% during the fourth quarter. IFP Advisors Inc now owns 976 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 569 shares during the period. 84.29% of the stock is currently owned by institutional investors and hedge funds.

H2O America Trading Up 0.7%

Shares of H2O America stock opened at $57.06 on Friday. The firm has a 50-day moving average of $57.92 and a 200-day moving average of $54.41. The stock has a market cap of $2.39 billion, a PE ratio of 19.54, a PEG ratio of 6.33 and a beta of 0.35. H2O America has a 52-week low of $43.75 and a 52-week high of $61.87. The company has a debt-to-equity ratio of 1.02, a quick ratio of 2.02 and a current ratio of 2.02.

H2O America (NASDAQ:HTO) last announced its earnings results on Tuesday, April 28th. The utilities provider reported $0.50 earnings per share (EPS) 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. As a group, sell-side analysts forecast that H2O America will post 2.7 EPS for the current year.

H2O America Announces Dividend

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 $0.44 dividend. This represents a $1.76 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend was Monday, May 11th. H2O America’s payout ratio is presently 60.27%.

Analyst Upgrades and Downgrades

HTO has been the subject of a number of research analyst reports. Robert W. Baird initiated coverage on shares of H2O America in a research report on Friday, March 13th. They set an “outperform” rating and a $67.00 price objective for the company. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a research report on Sunday, June 7th. Barclays reduced their price objective on shares of H2O America from $63.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday, April 15th. BTIG Research reaffirmed a “buy” rating and set a $61.00 price objective on shares of H2O America in a research report on Tuesday, March 3rd. Finally, Bank of America reaffirmed a “buy” rating on shares of H2O America in a research report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $62.17.

Insider Transactions at H2O America

In related news, major shareholder Atlas Infrastructure Partners purchased 50,385 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The stock was acquired at an average price of $59.06 per share, with a total value of $2,975,738.10. Following the completion of 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Atlas Holdings Ltd Gip purchased 50,385 shares of the company’s stock in a transaction that occurred on 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 purchase, 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 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.