Chelsea Counsel Co. lowered its position in Aqua America Inc (NYSE:WTR) by 13.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 12,387 shares of the utilities provider’s stock after selling 1,951 shares during the quarter. Chelsea Counsel Co.’s holdings in Aqua America were worth $486,000 at the end of the most recent reporting period.
Other hedge funds have also recently made changes to their positions in the company. Headinvest LLC acquired a new stake in Aqua America in the third quarter valued at $203,000. Private Vista LLC acquired a new stake in shares of Aqua America during the 3rd quarter worth about $205,000. IFP Advisors Inc lifted its stake in shares of Aqua America by 31.8% during the 3rd quarter. IFP Advisors Inc now owns 6,196 shares of the utilities provider’s stock worth $206,000 after buying an additional 1,495 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in shares of Aqua America during the 3rd quarter worth about $206,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Aqua America during the 3rd quarter worth about $211,000. Hedge funds and other institutional investors own 51.57% of the company’s stock.
In related news, VP David Smeltzer sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total transaction of $363,600.00. Following the transaction, the vice president now directly owns 71,397 shares of the company’s stock, valued at $2,595,994.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last ninety days, insiders have purchased 70,500 shares of company stock worth $8,475. 0.25% of the stock is owned by insiders.
A number of analysts have recently issued reports on the stock. Robert W. Baird restated a “hold” rating and set a $32.00 target price on shares of Aqua America in a research note on Wednesday, November 1st. Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Zacks Investment Research cut shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Argus raised their target price on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Wells Fargo & Co upgraded shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Thursday, October 19th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $38.67.
Aqua America Inc (NYSE:WTR) traded down $0.36 during midday trading on Friday, hitting $36.37. 632,700 shares of the stock were exchanged, compared to its average volume of 736,375. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.01. The firm has a market cap of $6,260.00, a PE ratio of 27.35, a PEG ratio of 4.77 and a beta of 0.59. Aqua America Inc has a one year low of $29.41 and a one year high of $39.55.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. The business had revenue of $215.01 million for the quarter, compared to analyst estimates of $234.40 million. During the same period last year, the firm earned $0.41 earnings per share. Aqua America’s revenue for the quarter was down 5.1% compared to the same quarter last year. equities analysts anticipate that Aqua America Inc will post 1.36 EPS for the current fiscal year.
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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