Huntington National Bank reduced its stake in shares of Aqua America Inc (NYSE:WTR) by 9.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,012 shares of the utilities provider’s stock after selling 500 shares during the quarter. Huntington National Bank’s holdings in Aqua America were worth $224,000 as of its most recent filing with the SEC.
Several other hedge funds also recently bought and sold shares of the stock. Parallel Advisors LLC boosted its holdings in shares of Aqua America by 73.8% during the third quarter. Parallel Advisors LLC now owns 1,286 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 546 shares during the period. Gabelli Funds LLC raised its position in Aqua America by 85.9% during the third quarter. Gabelli Funds LLC now owns 1,125,191 shares of the utilities provider’s stock valued at $50,442,000 after acquiring an additional 519,900 shares in the last quarter. Gamco Investors INC. ET AL bought a new position in Aqua America during the third quarter valued at approximately $2,959,000. Sigma Planning Corp raised its position in Aqua America by 19.8% during the third quarter. Sigma Planning Corp now owns 26,817 shares of the utilities provider’s stock valued at $1,202,000 after acquiring an additional 4,423 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Aqua America by 11.8% during the third quarter. Russell Investments Group Ltd. now owns 57,968 shares of the utilities provider’s stock valued at $2,599,000 after acquiring an additional 6,117 shares in the last quarter. Institutional investors and hedge funds own 65.06% of the company’s stock.
In other news, Director Daniel J. Hilferty III purchased 1,153 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of $43.35 per share, with a total value of $49,982.55. Following the completion of the transaction, the director now directly owns 8,720 shares in the company, valued at approximately $378,012. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Daniel J. Hilferty III purchased 1,152 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was purchased at an average cost of $43.38 per share, for a total transaction of $49,973.76. Following the transaction, the director now owns 9,872 shares of the company’s stock, valued at $428,247.36. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.
Several equities analysts recently weighed in on WTR shares. Wells Fargo & Co set a $47.00 price objective on shares of Aqua America and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research report on Saturday, October 12th. ValuEngine lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. UBS Group lowered shares of Aqua America from a “buy” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $45.00 in a research report on Thursday, August 8th. They noted that the move was a valuation call. Finally, Evercore ISI reaffirmed a “hold” rating and set a $37.00 price objective on shares of Aqua America in a research report on Sunday, August 11th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Aqua America has an average rating of “Buy” and a consensus price target of $46.09.
Shares of NYSE:WTR traded down $0.13 during trading on Friday, reaching $43.59. The stock had a trading volume of 1,806,849 shares, compared to its average volume of 1,206,212. Aqua America Inc has a 52 week low of $32.09 and a 52 week high of $46.90. The firm has a market capitalization of $9.56 billion, a price-to-earnings ratio of 30.91, a P/E/G ratio of 4.96 and a beta of 0.33. The company has a quick ratio of 5.27, a current ratio of 6.19 and a debt-to-equity ratio of 0.75. The stock has a fifty day simple moving average of $45.14 and a two-hundred day simple moving average of $42.25.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.48 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Aqua America had a net margin of 18.02% and a return on equity of 8.81%. The company had revenue of $243.60 million for the quarter, compared to analyst estimates of $259.99 million. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts forecast that Aqua America Inc will post 1.48 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be given a $0.2343 dividend. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Thursday, November 14th. Aqua America’s dividend payout ratio is 66.67%.
Aqua America Company Profile
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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