Fmr LLC grew its stake in shares of Aqua America, Inc. (NYSE:WTR) by 35.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,583 shares of the company’s stock after acquiring an additional 3,565 shares during the quarter. Fmr LLC’s holdings in Aqua America were worth $452,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Boulegeris Investments Inc. boosted its position in Aqua America by 24.1% in the second quarter. Boulegeris Investments Inc. now owns 17,754 shares of the company’s stock valued at $591,000 after buying an additional 3,450 shares during the last quarter. Blair William & Co. IL purchased a new stake in Aqua America in the second quarter valued at approximately $832,000. Baillie Gifford & Co. boosted its position in Aqua America by 1.3% in the second quarter. Baillie Gifford & Co. now owns 397,525 shares of the company’s stock valued at $13,237,000 after buying an additional 5,207 shares during the last quarter. Virginia Retirement Systems ET AL boosted its position in Aqua America by 19.9% in the second quarter. Virginia Retirement Systems ET AL now owns 34,300 shares of the company’s stock valued at $1,142,000 after buying an additional 5,700 shares during the last quarter. Finally, Jackson Wealth Management LLC purchased a new stake in Aqua America in the second quarter valued at approximately $505,000. Hedge funds and other institutional investors own 50.96% of the company’s stock.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of C$34.46, for a total value of C$430,715.54. Following the sale, the insider now owns 80,604 shares in the company, valued at approximately C$2,777,613.84. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last 90 days, insiders acquired 75,500 shares of company stock worth $11,325. Insiders own 0.25% of the company’s stock.
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Shares of Aqua America, Inc. (NYSE:WTR) opened at C$35.98 on Friday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. Aqua America, Inc. has a 52-week low of C$28.57 and a 52-week high of C$36.62. The company has a market capitalization of $6,393.32, a P/E ratio of 27.05, a price-to-earnings-growth ratio of 4.18 and a beta of 0.57.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, October 31st. The company reported C$0.43 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of C$0.43. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The business had revenue of C$215.01 million for the quarter, compared to analyst estimates of C$234.40 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. sell-side analysts forecast that Aqua America, Inc. will post 1.36 earnings per share for the current year.
The business also recently disclosed a dec 17 dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a $0.2047 dividend. The ex-dividend date is Thursday, November 16th. This represents a yield of 2.3%. Aqua America’s dividend payout ratio is presently 61.65%.
A number of equities research analysts recently commented on the company. Robert W. Baird reiterated a “hold” rating and issued a $32.00 target price on shares of Aqua America in a research report on Wednesday, November 1st. Boenning Scattergood reiterated a “buy” rating and issued a $43.00 target price on shares of Aqua America in a research report on Wednesday, November 1st. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Aqua America from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research report on Tuesday, October 3rd. Finally, Barclays PLC upped their price objective on Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of C$38.20.
Aqua America Profile
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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