Aqua America, Inc. (NYSE:WTR) VP David Smeltzer sold 10,000 shares of Aqua America stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value of $363,600.00. Following the completion of the transaction, the vice president now owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Aqua America, Inc. (WTR) opened at $37.09 on Wednesday. Aqua America, Inc. has a 12-month low of $29.02 and a 12-month high of $37.12. The stock has a market capitalization of $6,475.04, a P/E ratio of 27.40, a price-to-earnings-growth ratio of 4.23 and a beta of 0.57. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55.
Aqua America (NYSE:WTR) last announced its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The business had revenue of $215.01 million during the quarter, compared to analyst estimates of $234.40 million. During the same quarter in the previous year, the business earned $0.41 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. equities research analysts forecast that Aqua America, Inc. will post 1.36 EPS for the current fiscal year.
The firm also recently announced a dec 17 dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.2047 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio (DPR) is presently 61.65%.
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Several research analysts recently commented on the company. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Wednesday, November 1st. Boenning Scattergood reiterated a “buy” rating and issued a $43.00 price target on shares of Aqua America in a research report on Wednesday, November 1st. Wells Fargo & Company upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Thursday, October 19th. Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $38.20.
Large investors have recently made changes to their positions in the business. Benjamin F. Edwards & Company Inc. boosted its position in shares of Aqua America by 10.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock valued at $149,000 after buying an additional 431 shares during the period. IFP Advisors Inc boosted its position in shares of Aqua America by 20.8% during the second quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock valued at $157,000 after buying an additional 809 shares during the period. Headinvest LLC purchased a new position in shares of Aqua America during the third quarter valued at approximately $203,000. Barrett Asset Management LLC purchased a new position in shares of Aqua America during the second quarter valued at approximately $197,000. Finally, Huntington National Bank boosted its position in shares of Aqua America by 6.7% during the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock valued at $199,000 after buying an additional 375 shares during the period. Institutional investors and hedge funds own 51.09% of the company’s stock.
Aqua America Company 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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