Birch Hill Investment Advisors LLC continued to hold its stake in Aqua America, Inc. (NYSE:WTR) during the 2nd quarter, according to its most recent filing with the SEC. The fund owned 6,666 shares of the utilities provider’s stock at the end of the 2nd quarter. Birch Hill Investment Advisors LLC’s holdings in Aqua America were worth $222,000 at the end of the most recent quarter.
Several other large investors have also recently modified their holdings of the company. Great West Life Assurance Co. Can boosted its stake in shares of Aqua America by 7.1% in the first quarter. Great West Life Assurance Co. Can now owns 106,650 shares of the utilities provider’s stock valued at $3,427,000 after buying an additional 7,077 shares during the period. Suntrust Banks Inc. boosted its stake in shares of Aqua America by 12.5% in the first quarter. Suntrust Banks Inc. now owns 18,420 shares of the utilities provider’s stock valued at $591,000 after buying an additional 2,052 shares during the period. Swiss National Bank boosted its stake in shares of Aqua America by 0.5% in the first quarter. Swiss National Bank now owns 292,973 shares of the utilities provider’s stock valued at $9,419,000 after buying an additional 1,400 shares during the period. World Asset Management Inc boosted its stake in shares of Aqua America by 2.1% in the first quarter. World Asset Management Inc now owns 11,023 shares of the utilities provider’s stock valued at $354,000 after buying an additional 222 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its stake in shares of Aqua America by 53.3% in the first quarter. UBS Asset Management Americas Inc. now owns 153,933 shares of the utilities provider’s stock valued at $4,949,000 after buying an additional 53,537 shares during the period. Institutional investors own 51.02% of the company’s stock.
In other news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction on Monday, September 11th. The shares were sold at an average price of $34.46, for a total transaction of $430,715.54. Following the completion of the sale, the insider now directly owns 80,604 shares of the company’s stock, valued at approximately $2,777,613.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.25% of the company’s stock.
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Shares of Aqua America, Inc. (NYSE WTR) traded up 0.18% on Tuesday, hitting $33.85. 37,883 shares of the stock traded hands. The firm has a market cap of $6.01 billion, a P/E ratio of 25.84 and a beta of 0.53. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $34.66. The stock has a 50-day moving average price of $33.79 and a 200 day moving average price of $32.88.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The company had revenue of $203.40 million during the quarter, compared to the consensus estimate of $208.28 million. During the same period in the previous year, the firm posted $0.33 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th were issued a dividend of $0.2047 per share. This is an increase from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date was Monday, August 14th. Aqua America’s payout ratio is currently 62.60%.
WTR has been the subject of several recent research reports. Northcoast Research began coverage on Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research cut Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Robert W. Baird restated a “hold” rating and set a $32.00 target price on shares of Aqua America in a research note on Friday, August 25th. Finally, Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $34.00.
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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