H2o America
H2o America (HTO) is listed on NASDAQ and classified in Utilities - Regulated Water, part of the Utilities sector. It is headquartered in San Jose, United States and has 837 employees. The company is worth $2.46B and trades at 19.8x its earnings of the last twelve months; the median for its sector is 20.5x. Revenue was $805.59M in fiscal 2025, up 7.6% from the year before. Net income was $102.58M. The share price is 12.6% below its 52-week high of $67.09. It pays a dividend yielding 3.00%, and has raised its annual dividend for 28 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to George Soros (Soros Fund Management), at $76.23M. In that quarter, 3 of them opened or added to the position and 4 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -14.3% over 5Y.
today you would have $999.15▼ -0.1%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 17 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $48.99 | $49.22 | $65.35 | $81.19 | $73.20 | $69.36 | $71.06 | $55.62 | $63.83 | $55.98 | $29.65 | $32.12 | $29.79 | $26.60 | $23.64 | $26.47 | $22.57 | |
| P/E |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 6.4% a year plus a 3.0% dividend yield. Growth capped at 25%.
Median P/E of 20.5 among peers in the sector.
Median P/E of 22.5 across this company’s own years on record.
Cash flow growing 6.4% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.3x operating profit, less net debt. Banks have no EBITDA.
Dividend growing 5.5% a year against a 7.0% required return, from the stock’s beta.
Companies of similar size in Utilities, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| RNWReNew Energy Global plc | $6.88 | 20.8x | 1.8x | 0.00% | 7.74% | $2.51B |
| MGEEMge Energy Inc | $74.24 | 17.7x | 1.9x | 2.73% | 11.04% | $2.8B |
| FRVOFervo Energy Co | $9.68 | — | 1.0x | 0.00% | — | $2.85B |
| NWNNorthwest Natural Holding Co | $49.93 |
| 22.5x |
| 16.8x |
| 17.1x |
| 24.4x |
| 33.4x |
| 36.1x |
| 32.4x |
| 86.7x |
| 30.6x |
| 22.3x |
| 21.8x |
| 16.0x |
| 12.6x |
| 26.6x |
| 22.5x |
| 21.3x |
| 20.4x |
| 27.9x |
| P/S | 3.4x | 2.2x | 2.2x | 3.1x | 4.0x | 3.9x | 3.5x | 4.5x | 4.0x | 3.4x | 3.4x | — | — | — | — | — | — | — |
| P/B | 1.8x | 1.1x | 1.2x | 1.7x | 2.3x | 2.1x | 2.2x | 2.3x | 1.8x | 2.8x | 2.7x | 1.6x | 1.8x | 1.9x | 1.8x | 1.7x | 1.9x | 1.7x |
| EPS | $2.92 | $2.87 | $2.68 | $2.43 | $2.03 | $2.14 | $0.82 | $1.82 | $2.86 | $2.57 | $1.85 | $2.54 | $1.12 | $1.18 | $1.11 | $1.30 | $0.81 |
| Dividend yield | 2.34% | 3.43% | 3.25% | 2.33% | 1.77% | 1.86% | 1.85% | 1.69% | 2.01% | 1.63% | 1.45% | 2.63% | 2.34% | 2.44% | 2.67% | 2.93% | 2.57% | 2.92% |
| Payout | 59.26% | 57.53% | 55.75% | 56.72% | 59.26% | 67.00% | 59.81% | 146.34% | 61.54% | 36.43% | 31.60% | 42.16% | 29.61% | 65.00% | 60.17% | 62.34% | 52.31% | 81.48% |
| Profit margin | 12.21% | 12.73% | 12.56% | 12.53% | 11.89% | 10.54% | 10.90% | 5.23% | 9.75% | 15.21% | 15.55% | — | — | — | — | — | — | — |
| ROE | 6.89% | 6.66% | 6.87% | 6.89% | 6.65% | 5.85% | 6.71% | 2.63% | 4.36% | 12.78% | 12.53% | 9.87% | 14.38% | 6.97% | 8.13% | 7.91% | 9.57% | 6.00% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
7 methods answered, across 4 families.
Room for errors in the reported numbers.
+25.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 16.6x |
| 1.3x |
| 4.01% |
| 8.35% |
| $2.1B |
| CWTCalifornia Water Service Group | $47.54 | 20.6x | 1.6x | 2.82% | 7.68% | $2.94B |
| CTRICenturi Holdings, Inc. | $19.32 | 60.4x | 2.2x | 0.00% | 4.03% | $1.95B |