Atlas Infrastructure added 2,784 H2O America shares at $62.03, a tiny addition to a 4.6M stake. The utility's 58-year dividend streak and $2.7B plan underpin appeal.
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Atlas Infrastructure Partners reported a purchase of 2,784 shares of H2O America (NASDAQ:HTO) on July 7, according to an SEC Form 4 filing. The transaction was executed at $62.03 per share, slightly above the $61.77 close that day.
The buy added 0.06% to Atlas's direct position, which now stands at 4,615,265 shares. Atlas is one of the utility's largest institutional holders. The stock has gained 18% over the past 12 months.
H2O America, formerly SJW Group, is a regulated water utility based in San Jose. It manages the full water lifecycle, including purification and distribution, along with wastewater treatment. The company reported $105 million in net income on $816 million in trailing revenue. It has raised its dividend for 58 consecutive years, to an annualized $1.76. Management reaffirmed 2026 earnings guidance of $3.08 to $3.18 per share and targets 6% to 8% annual EPS growth through 2030, backed by a $2.7 billion capital plan.
A 2,784-share purchase is a sliver relative to Atlas's existing stake. The firm's affiliates have been steady accumulators.
The pending Quadvest acquisition, expected to close by year-end, could add further scale. Regulatory rate decisions in California and Texas will shape near-term revenue.
The purchase came after the stock's 18% run.
The company reaffirmed 2026 EPS guidance of $3.08 to $3.18 per share.
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