Aqua America, Inc. (NYSE:WTR) COO Richard Scott Fox sold 5,750 shares of Aqua America stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total transaction of $189,117.50. Following the completion of the sale, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at $617,937.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.
Shares of Aqua America, Inc. (WTR) traded up 0.32% during mid-day trading on Friday, hitting $34.35. 1,299,918 shares of the stock traded hands. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $35.83. The stock has a 50-day moving average of $32.56 and a 200-day moving average of $31.34. The company has a market cap of $6.10 billion, a price-to-earnings ratio of 26.32 and a beta of 0.56.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Wednesday, May 3rd. The utilities provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The company had revenue of $187.79 million during the quarter. Aqua America had a net margin of 28.41% and a return on equity of 12.62%. Analysts anticipate that Aqua America, Inc. will post $1.36 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Stockholders of record on Wednesday, May 17th were paid a dividend of $0.1913 per share. The ex-dividend date was Monday, May 15th. This represents a $0.77 annualized dividend and a dividend yield of 2.23%. Aqua America’s dividend payout ratio (DPR) is 59.23%.
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Several hedge funds and other institutional investors have recently made changes to their positions in WTR. Ameritas Investment Partners Inc. raised its position in shares of 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 raised 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 during the period. Russell Investments Group Ltd. acquired a new position in shares of Aqua America during the fourth quarter valued at approximately $751,000. Cadence Capital Management LLC acquired a new position in shares of Aqua America during the fourth quarter valued at approximately $381,000. Finally, Commerzbank Aktiengesellschaft FI raised 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 during the period. Institutional investors own 50.26% of the company’s stock.
Several analysts have commented on the stock. Boenning Scattergood raised shares of Aqua America from a “neutral” rating to an “outperform” rating in a research note on Monday, March 13th. Zacks Investment Research cut shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Northcoast Research assumed coverage on shares of Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. Barclays PLC raised shares of Aqua America from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $33.00 to $36.00 in a research note on Friday, March 17th. Finally, BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday. Two investment 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 currently has a consensus rating of “Hold” and an average target price of $32.25.
About Aqua America
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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