TRUE Private Wealth Advisors purchased a new stake in Aqua America Inc (NYSE:WTR) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,000 shares of the utilities provider’s stock, valued at approximately $82,000.
A number of other large investors have also bought and sold shares of the business. Signaturefd LLC boosted its stake in shares of Aqua America by 1,365.2% during the 1st quarter. Signaturefd LLC now owns 674 shares of the utilities provider’s stock worth $25,000 after acquiring an additional 628 shares in the last quarter. Bremer Bank National Association purchased a new stake in shares of Aqua America during the 1st quarter worth about $25,000. Meridian Wealth Management LLC purchased a new stake in shares of Aqua America during the 1st quarter worth about $36,000. Norway Savings Bank purchased a new stake in shares of Aqua America during the 2nd quarter worth about $37,000. Finally, Financial Gravity Wealth Inc. boosted its stake in shares of Aqua America by 83.6% during the 2nd quarter. Financial Gravity Wealth Inc. now owns 909 shares of the utilities provider’s stock worth $38,000 after acquiring an additional 414 shares in the last quarter. 49.58% of the stock is currently owned by institutional investors.
In related news, Director Daniel J. Hilferty III purchased 1,153 shares of Aqua America stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average price of $43.35 per share, for a total transaction of $49,982.55. Following the transaction, the director now directly owns 8,720 shares in the company, valued at $378,012. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.30% of the stock is owned by corporate insiders.
Shares of WTR traded up $0.41 during mid-day trading on Friday, hitting $44.14. 42,292 shares of the company were exchanged, compared to its average volume of 1,241,633. Aqua America Inc has a 1-year low of $32.09 and a 1-year high of $44.13. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.29 and a current ratio of 5.31. The company has a 50 day moving average of $41.65 and a 200-day moving average of $38.69. The stock has a market cap of $9.42 billion, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 4.84 and a beta of 0.41.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, August 6th. The utilities provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by ($0.02). Aqua America had a return on equity of 10.13% and a net margin of 17.18%. The company had revenue of $218.90 million for the quarter, compared to analyst estimates of $221.07 million. During the same quarter last year, the company earned $0.37 EPS. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. Research analysts anticipate that Aqua America Inc will post 1.47 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Friday, August 16th will be given a dividend of $0.2343 per share. This represents a $0.94 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from Aqua America’s previous quarterly dividend of $0.22. Aqua America’s dividend payout ratio is 62.41%.
Several equities research analysts have recently issued reports on WTR shares. Macquarie set a $37.00 target price on shares of Aqua America and gave the stock a “hold” rating in a research note on Monday, April 22nd. Bank of America started coverage on shares of Aqua America in a research note on Monday, July 15th. They set a “buy” rating and a $45.00 target price on the stock. ValuEngine lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. Zacks Investment Research lowered shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, UBS Group lowered shares of Aqua America from a “buy” rating to a “neutral” rating and increased their target price for the stock from $42.00 to $45.00 in a research note on Thursday, August 8th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $41.40.
About Aqua America
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through third-party.
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