Aqua America, Inc. (NYSE:WTR) Director Richard H. Glanton sold 4,200 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total transaction of $137,886.00. Following the transaction, the director now owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Aqua America, Inc. (NYSE:WTR) traded down 0.24% during midday trading on Tuesday, reaching $33.67. 154,143 shares of the company’s stock traded hands. The firm has a market capitalization of $5.98 billion, a P/E ratio of 25.80 and a beta of 0.56. Aqua America, Inc. has a 52-week low of $28.03 and a 52-week high of $35.83. The stock’s 50 day moving average price is $32.58 and its 200 day moving average price is $31.39.
Aqua America (NYSE:WTR) last issued its earnings results on Wednesday, May 3rd. The utilities provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Aqua America had a return on equity of 12.62% and a net margin of 28.41%. The business had revenue of $187.79 million for the quarter. On average, equities research analysts anticipate that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 17th were paid a $0.1913 dividend. The ex-dividend date was Monday, May 15th. This represents a $0.77 annualized dividend and a yield of 2.27%. Aqua America’s dividend payout ratio (DPR) is presently 59.23%.
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Several research firms recently issued reports on WTR. BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Zacks Investment Research lowered shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Northcoast Research started coverage on shares of Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. Barclays PLC upgraded shares of Aqua America from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $33.00 to $36.00 in a research note on Friday, March 17th. Finally, Boenning Scattergood raised shares of Aqua America from a “neutral” rating to an “outperform” rating in a report on Monday, March 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $32.25.
A number of hedge funds have recently added to or reduced their stakes in WTR. Ameritas Investment Partners Inc. increased its stake in Aqua America by 122.8% in the third quarter. Ameritas Investment Partners Inc. now owns 62,439 shares of the utilities provider’s stock valued at $1,903,000 after buying an additional 34,409 shares during the period. Tuttle Tactical Management LLC boosted its position in shares of Aqua America by 0.6% in the third quarter. Tuttle Tactical Management LLC now owns 5,772 shares of the utilities provider’s stock valued at $176,000 after buying an additional 36 shares in the last quarter. Russell Investments Group Ltd. bought a new position in shares of Aqua America during the fourth quarter valued at $751,000. Cadence Capital Management LLC bought a new position in shares of Aqua America during the fourth quarter valued at $381,000. Finally, Commerzbank Aktiengesellschaft FI boosted its position in shares of Aqua America by 88.9% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 13,311 shares of the utilities provider’s stock valued at $400,000 after buying an additional 6,263 shares in the last quarter. Institutional investors and hedge funds own 50.34% of the company’s stock.
Aqua America Company Profile
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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