Aqua America, Inc. (NYSE:WTR) Director Richard H. Glanton sold 4,200 shares of Aqua America stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the sale, the director now directly owns 2,207 shares of the company’s stock, valued at $72,455.81. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Aqua America, Inc. (NYSE WTR) traded up 0.32% during midday trading on Friday, reaching $34.35. The company’s stock had a trading volume of 1,299,918 shares. The firm has a market capitalization of $6.10 billion, a P/E ratio of 26.32 and a beta of 0.56. The company’s 50-day moving average is $32.56 and its 200 day moving average is $31.34. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $35.83.
Aqua America (NYSE:WTR) last released its earnings results on Wednesday, May 3rd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by $0.02. Aqua America had a return on equity of 12.62% and a net margin of 28.41%. The company had revenue of $187.79 million during the quarter. Analysts expect that Aqua America, Inc. will post $1.36 earnings per share for the current fiscal 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 of this dividend 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. Thompson Davis & CO. Inc. raised its position in shares of Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock valued at $106,000 after buying an additional 132 shares during the period. IFP Advisors Inc raised its position in Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock worth $125,000 after buying an additional 53 shares during the last quarter. Tuttle Tactical Management LLC raised its position in Aqua America by 0.6% in the third quarter. Tuttle Tactical Management LLC now owns 5,772 shares of the utilities provider’s stock worth $176,000 after buying an additional 36 shares during the last quarter. Pacad Investment Ltd. purchased a new position in Aqua America during the fourth quarter worth about $183,000. Finally, National Asset Management Inc. purchased a new position in Aqua America during the first quarter worth about $202,000. Institutional investors own 50.26% of the company’s stock.
A number of research analysts have recently issued reports on the company. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a report on Thursday. Northcoast Research started coverage on Aqua America in a research note on Thursday, May 25th. They set a “neutral” rating on the stock. Zacks Investment Research downgraded Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Barclays PLC upgraded Aqua America from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $33.00 to $36.00 in a research note on Friday, March 17th. Finally, Boenning Scattergood upgraded Aqua America from a “neutral” rating to an “outperform” rating in a research note on Monday, March 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The company presently has an average 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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