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No insider purchase over the last 90 days. The latest was filed 08 Jul 2026.
H2O America: what insiders have been doing
H2O America, classified in the Energy sector, is a listed company based in San Jose, United States, founded in 1985. Its insiders report their share dealings to SEC (Form 4). Over the twelve months to 18 October 2026, 30 filings were filed, from 16 insiders.
On the market, 2 insiders bought (4 purchases totalling €5.2M) while 2 insiders sold (2 sales totalling €86k). The totals exclude 2 filings filed without an amount. A purchase on the market is a deliberate choice to commit personal money, which is why it draws more attention than a grant. The buyers include 2 major shareholders. GIP ATLAS Holdings Ltd filed the largest purchase, €2.5M, on 22 April 2026, which represents 0.11% of the company's market value.
For context, the typical company on the same exchange (median of 5,458 companies) published 22 filings over the same period, against 30 filings here. Over the whole record (from 2016), the tally stands at 5 purchases and 13 sales. The 10-K for the year ended 31 December 2025 shows 800.6 m USD of revenue and 102.6 m USD of net income and a dividend of 1.68 USD per share.
In the case of 1 purchase, another manager of the company was buying within the same 30 days. When several insiders buy within a few weeks of each other, analysts speak of a cluster purchase. The clock since the last published purchase (8 July 2026) now reads 102 days. Between a trade and the moment it shows up on SEC (Form 4), the median delay is 4 days. US insiders must file a Form 4 within two business days of a trade.
For comparison within the same sector, see the insider buying recorded at RGC Resources Inc and Empire Petroleum Corp. This summary is built from SEC (Form 4) disclosures alone and does not predict where the share price will go.
Insider Decl.
249
Thresholds
n/a
Buy Volume
€5M
5 ops. · all time
Sell Volume
€780,269
13 ops. · all time
Who traded when
BuySaleATLAS Infrastructure Partners (UK) Ltd.3 buys1 sale
Andrew F. Walters1 sale
GIP ATLAS Holdings Ltd1 buy
Since the insiders bought
- -6.2%Entry US$61.46 · Close 16 Oct 2026 US$57.67
- +4.3%Entry US$61.31 · Close at T+90 US$63.93
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Fundamental score
Ranked 14,449 of 24,148 companies
45.6
score / 100
Value38
Quality54
FCF yld-12%
Earn yld4.2%
EV/EBITDA14.3x
ROE6.5%
Gross mgn57%
Net mgn13%
Debt/EBITDA6.4x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
US$57.69
Analyst consensus
7 analysts1.71/5
US$60.00Target US$67.00(+16%)US$72.00
Income statement
RevenueUS$800.6M
Gross profitUS$456.5M57% margin
EBITDAUS$308M38% margin
Net incomeUS$102.6M12.9% margin
Valuation
PER (trailing)20.4x
PER (forward)21.2x
P/Book1.3x
Beta0.32
Balance sheet & cash
Market capUS$2.4B
Total debtUS$2B
Free Cash Flow-US$278.1M
Debt / Equity103%
Profitability & ownership
ROE6.5%
ROA2.3%
% insiders17.6%
% institutions119.9%
Last declaration on 3 August 2026
Declarations249 total
1,154 shares@ US$61.970.0027% mcap100.0% of flowCommon StockSEC:0002079031-26-000003:0
2,784 shares@ US$62.030.0066% mcap5.6% of flowCommon StockSEC:0001924953-26-000007:0
Canonical exit: 5 Oct 2026 (T+90)
88 shares@ US$60.740.0002% mcap12.9% of flowCommon StockSEC:0001735307-26-000005:0
374 shares@ US$60.740.0009% mcap14.9% of flowCommon StockSEC:0001598003-26-000009:0
1,686 sharesCommon StockSEC:0001924953-26-000006:0
2,132 sharesCommon StockSEC:0001924953-26-000006:1
Canonical exit: 29 Sept 2026 (T+90)
1,947 shares0Common StockSEC:0001628280-26-035686:0
1,947 shares0Common StockSEC:0001371472-26-000002:0
1,947 shares0Common StockSEC:0001451547-26-000006:0
1,947 shares0Common StockSEC:0001639398-26-000005:0
1,947 shares0Common StockSEC:0001218375-26-000002:0
1,947 shares0Common StockSEC:0001218382-26-000003:0
1,947 shares0Common StockSEC:0000766829-26-000019:0
1,947 shares0Common StockSEC:0001812484-26-000003:0
50,385 shares@ US$59.06360.11% mcap100.0% of flowCommon StockSEC:0002131211-26-000002:0
Canonical exit: 9 Jul 2026 (T+90)
50,385 shares@ US$59.06360.11% mcap94.4% of flowCommon StockSEC:0001214659-26-004574:0
Canonical exit: 9 Jul 2026 (T+90)
2,166 shares0Common StockSEC:0001628280-26-014252:0
5,950 shares0Common StockSEC:0001628280-26-014206:0
1,384 shares0Common StockSEC:0001628280-26-014329:0
2,743 shares0Common StockSEC:0001628280-26-014208:0
1,312 shares0Common StockSEC:0001628280-26-014250:0
1,707 shares0Common StockSEC:0001628280-26-014207:0
505 shares0Common StockSEC:0001628280-26-014096:0
873 shares@ US$49.250.0016% mcap87.8% of flowCommon StockSEC:0001628280-26-001046:0
565 shares@ US$49.250.0010% mcap100.0% of flowCommon StockSEC:0001628280-26-001079:0
25 of 249 declarations
About H2O America
H2O America (NASDAQ: HTO) is a U.S.-listed regulated water and wastewater utility platform focused on essential infrastructure and long-duration asset ownership. Headquartered in San Jose, California, the company operates in the United States through a portfolio of locally run utilities rather than a single centralized operating model. In May 2025, the company rebranded from SJW Group to H2O America, signaling a clearer identity as a pure-play water utility and reinforcing its long-term infrastructure growth strategy. ([h2o-america.com](https://www.h2o-america.com/news-releases/news-release-details/sjw-group-rebrands-h2o-america?utm_source=openai))
The group’s operating footprint is built around four regional utilities: San Jose Water in California, The Connecticut Water Company in Connecticut, The Maine Water Company in Maine, and Texas Water Company in Texas. Collectively, these businesses serve more than 1.6 million people and roughly 407,000 water and wastewater service connections. That diversified state-level footprint is important for investors because it spreads regulatory exposure across multiple jurisdictions while still keeping the company firmly anchored in the defensive, regulated-water model. ([h2o-america.com](https://www.h2o-america.com/about-us?utm_source=openai))
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H2O America’s competitive position rests on three pillars: regulated cash flows, ongoing infrastructure investment, and a track record of working through state regulatory processes to recover capital spending. The company emphasizes reliability, public health, and service quality, which are critical differentiators in a utility sector where customer retention is effectively structural and demand is highly recurring. Its scale is smaller than that of the largest diversified U.S. utilities, but its focus on water allows management to concentrate on network upgrades, rate recovery, and execution in a specialized niche. ([h2o-america.com](https://www.h2o-america.com/news-releases/news-release-details/h2o-america-announces-2025-financial-results-and-updated-five))
In operational terms, the company’s main business lines include water sourcing, treatment, storage, distribution, and selected wastewater services. Recent disclosures show ongoing investment in pipe replacement, PFAS treatment, and system modernization, especially in California, Connecticut, Maine, and Texas. In its February 2026 update, management outlined a new five-year capital plan calling for $2.7 billion of investment over 2026-2030, reflecting a continued push to upgrade core infrastructure and support long-term earnings growth. ([h2o-america.com](https://www.h2o-america.com/news-releases/news-release-details/h2o-america-announces-2025-financial-results-and-updated-five))
Recent news flow has been constructive. H2O America reported full-year 2025 results on February 25, 2026, then first-quarter 2026 results on April 28, 2026. Management also said the company was advancing the previously announced acquisition of Quadvest through its Texas Water subsidiary, a $540 million transaction tied to growth in the Houston metro area. In addition, the company completed a $700 million equity raise in early March 2026 to fund its forecasted capital needs, and a recent SEC Form 4 filing underscored ongoing insider-transaction reporting activity. ([h2o-america.com](https://www.h2o-america.com/news-releases/news-release-details/h2o-america-announces-2025-financial-results-and-updated-five))
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