H2O America $HTO Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in H2O America (NASDAQ:HTO) by 27.6% in the third quarter, Holdings Channel reports. The fund owned 162,836 shares of the utilities provider’s stock after buying an additional 35,176 shares during the quarter. ProShare Advisors LLC’s holdings in H2O America were worth $10,036,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the company. Public Employees Retirement System of Ohio acquired a new stake in H2O America in the second quarter valued at approximately $37,000. Bessemer Group Inc. lifted its position in shares of H2O America by 44.6% during the first quarter. Bessemer Group Inc. now owns 661 shares of the utilities provider’s stock worth $39,000 after purchasing an additional 204 shares in the last quarter. Allworth Financial LP acquired a new position in shares of H2O America during the second quarter worth $42,000. Pinnacle Wealth Planning Services Inc. lifted its position in shares of H2O America by 35.8% during the third quarter. Pinnacle Wealth Planning Services Inc. now owns 781 shares of the utilities provider’s stock worth $48,000 after purchasing an additional 206 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in shares of H2O America by 76.2% during the first quarter. EverSource Wealth Advisors LLC now owns 911 shares of the utilities provider’s stock worth $53,000 after purchasing an additional 394 shares in the last quarter. Institutional investors and hedge funds own 84.29% of the company’s stock.

H2O America Price Performance

Shares of NASDAQ HTO opened at $60.64 on Wednesday. H2O America has a fifty-two week low of $43.75 and a fifty-two week high of $67.09. The business has a 50 day moving average price of $60.96 and a two-hundred day moving average price of $58.89. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.85. The firm has a market cap of $2.93 billion, a PE ratio of 23.78 and a beta of 0.35.

H2O America (NASDAQ:HTO) last posted its quarterly earnings data on Monday, October 26th. The utilities provider reported $1.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.02). H2O America had a return on equity of 6.03% and a net margin of 12.51%. The business had revenue of $250.23 million for the quarter. Sell-side analysts expect that H2O America will post 3.02 earnings per share for the current fiscal year.

H2O America Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Stockholders of record on Monday, November 9th will be paid a dividend of $0.44 per share. This represents a $1.76 annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Monday, November 9th. H2O America’s dividend payout ratio is 69.02%.

Analyst Ratings Changes

HTO has been the subject of several analyst reports. Mizuho began coverage on shares of H2O America in a research note on Monday. They issued an “outperform” rating and a $67.00 target price for the company. Wall Street Zen raised shares of H2O America from a “sell” rating to a “hold” rating in a research note on Sunday, August 16th. Seaport Research Partners reaffirmed a “buy” rating and set a $67.00 price target on shares of H2O America in a research note on Wednesday, August 12th. Weiss Ratings lowered shares of H2O America from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, October 28th. Finally, Huntington Sec assumed coverage on shares of H2O America in a research report on Wednesday, October 28th. They issued a “strong-buy” rating for the company. Two analysts have rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, H2O America currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.86.

About H2O America