Nuance Dumps H2O Stake, Seeks Better Returns

Nuance Investments significantly reduced its stake in H2O America, selling off 515,078 shares for $28 million in Q1 2026, leaving them with 391,000 shares worth $23 million. This move, along with price dips, resulted in a $21 million decrease in their position. H2O America now accounts for just 3.2% of Nuances assets, no longer among the top five holdings. Despite Nuances divestment, H2O remains a stable regulated water utility, serving over 1.6 million customers in California, Connecticut, Maine, and Texas. H2O reaffirmed 6-8% long-term earnings growth through 2030, with $2.7 billion earmarked for infrastructure. Q1 revenue surged 9% to $183 million, net income rose 15% to $19 million, and the dividend was increased to $1.76 per share after 58 consecutive years. For investors seeking steady growth, H2Os reliable dividends and rate base expansion provide a stable option, albeit not as volatile as tech stocks. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1d817720d7501b97