Inside the research
H2O America
HTO Research profile · latest available data
Price overview
$62.27
▲ +0.09 (+0.1%)
| 52w hi | $64.97 |
|---|---|
| 52w lo | $43.43 |
| Vol | 433.10K |
| As of | 25 Sep 2026 |
The Verdict
Our score +0.12
| Short | +0.61 |
|---|---|
| Medium | -0.05 |
| Long | -0.50 |
computed 2026-09-27
Key fundamentals
H2O America
Utilities · Utilities - Regulated Water
| Market cap | $2.61B |
|---|---|
| Enterprise value | $4.39B |
| Trailing P/E | 21.93x |
| Forward P/E | 22.99x |
| EV / EBITDA | 13.87x |
| P / S (ttm) | 3.15x |
| Profit margin | 12.9% |
| Return on equity | 6.5% |
| Revenue growth | +6.2% |
| Earnings growth | -12.6% |
| Debt / equity | 102.58 |
Layer Breakdown
| Layer | Raw | Contribution |
|---|---|---|
| Fundamental | +0.09 | |
| Sector | -0.10 | |
| Technical | +0.32 | |
| Earnings | +0.00 | |
| Sentiment | +0.00 |
macro × 1.00 · 2026-09-27
Business overview
H2O America, through its subsidiaries, provides water utility and other related services in the United States. The company engages in 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 Valley Water District. It also offers non-tariffed services, including water system operations, maintenance agreements, and antenna site leases; contracted services, sewer operations, and other water related services; and a Linebacker protection plan for public drinking water customers in Connecticut and Maine. In addition, the company provides water services; owns undeveloped land in California; and commercial properties and parcels of land in Connecticut. The company was formerly known as SJW Group and changed its name to H2O America in May 2025. H2O America was incorporated in 1985 and is headquartered in San Jose, California.
Risk Metrics
| Beta vs SPX | -0.05 |
|---|---|
| Corr SPX | -0.03 |
| Annual vol | 24.1% |
| Annual ret | +6.1% |
| Sharpe | 0.25 |
| Max DD | -26.4% |
Window: 504 trading days (504 obs)
Material Events
| Date | Event | 8-K |
|---|---|---|
| 2026-07-27 | Earnings Release, Exhibits | read |
| 2026-06-12 | Officer / Director Change, Exhibits | read |
| 2026-05-19 | Shareholder Vote, Exhibits | read |
| 2026-04-28 | Earnings Release, Exhibits | read |
| 2026-03-04 | Material Agreement, Reg FD Disclosure… | read |
| 2026-03-02 | Exhibits | read |
| 2026-02-25 | Earnings Release, Exhibits | read |
| 2025-12-29 | Other Material Event, Exhibits | read |
| 2025-12-15 | Officer / Director Change | read |
| 2025-10-28 | Earnings Release, Exhibits | read |
| 2025-09-16 | Material Agreement, Exhibits | read |
| 2025-07-29 | Earnings Release, Exhibits | read |
Insider Trades
| Date | Insider | Role | Action | Shares | Value |
|---|---|---|---|---|---|
| 2026-07-30 | Mattern Megan | CAO, PAO and Controller | Withheld for tax | 1.15K | $71.51K |
| 2026-07-07 | ATLAS Infrastructure Partners (UK) Ltd. | Buy | 2.78K | $172.69K | |
| 2026-07-01 | Walters Andrew F | Chief Executive Officer | Disposal | 374 | $22.72K |
| 2026-07-01 | Kelly Ann P | CFO and Treasurer | Withheld for tax | 88 | $5.35K |
| 2026-07-01 | ATLAS Infrastructure Partners (UK) Ltd. | Sell | 1.69K | $102.40K | |
| 2026-07-01 | ATLAS Infrastructure Partners (UK) Ltd. | Buy | 2.13K | $129.53K | |
| 2026-06-05 | Walters Andrew F | Chief Executive Officer | Gift | 3.51K | — |
| 2026-05-13 | KRUGER DENISE L | Grant | 1.95K | — | |
| 2026-05-13 | Guardino Carl | Grant | 1.95K | — |
Flow & Concentration
| Insider 180d net | $199.83K |
|---|---|
| Insider buys / sells | 2 / 1 |
| Insider bias | Neutral |
| 13F holders | 8 |
| Top-5 share | 98.6% |
| HHI | 5,893 (concentrated) |
Top Holders
| Holder | Value | Shares |
|---|---|---|
| State Street Corp | $94.48M | 1.55M |
| AQR Capital Management | $13.12M | 215.92K |
| Capital Research / Capital World | $10.22M | 168.19K |
| Renaissance Technologies | $3.24M | 53.24K |
| Citadel Advisors | $2.29M | 37.63K |
| Millennium Management | $1.11M | 18.20K |
| Fidelity / FMR LLC | $621.75K | 10.23K |
| T. Rowe Price Group | $3.00K | 49.41K |
As of 2026-06-30
SEC Filings
The Long Run
FY 2011–2025 · 15 years
| Line | Latest | CAGR | Trend |
|---|---|---|---|
| Revenue | $678.17M | +8.6% | |
| Operating income | $170.50M | +11.0% | |
| Net income | $93.97M | +13.9% | |
| Cash from ops | $195.53M | +8.3% |
Indices
Recent Sessions
| Date | Open | High | Low | Close | Vol |
|---|---|---|---|---|---|
| Sep 25 | $62.02 | $62.33 | $61.41 | $62.27 | 433.10K |
| Sep 24 | $62.52 | $62.83 | $62.07 | $62.18 | 356.50K |
| Sep 23 | $62.87 | $63.28 | $61.62 | $62.20 | 484.30K |
| Sep 22 | $62.61 | $63.42 | $62.05 | $62.92 | 462.60K |
| Sep 21 | $62.59 | $63.25 | $62.41 | $62.61 | 424.10K |
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