Taylor Hoffman Wealth Management boosted its holdings in Aqua America Inc (NYSE:WTR) by 29.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,928 shares of the utilities provider’s stock after acquiring an additional 5,000 shares during the quarter. Taylor Hoffman Wealth Management’s holdings in Aqua America were worth $983,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also bought and sold shares of the company. Krane Funds Advisors LLC acquired a new position in shares of Aqua America during the 2nd quarter valued at $25,000. Oakworth Capital Inc. acquired a new position in shares of Aqua America during the 2nd quarter valued at $28,000. Strategic Blueprint LLC acquired a new position in shares of Aqua America during the 3rd quarter valued at $28,000. Northern Oak Wealth Management Inc. acquired a new position in shares of Aqua America during the 3rd quarter valued at $31,000. Finally, Centersquare Investment Management LLC acquired a new position in shares of Aqua America during the 2nd quarter valued at $32,000. Hedge funds and other institutional investors own 65.06% of the company’s stock.
NYSE WTR traded down $0.13 during trading on Friday, hitting $43.59. 1,806,849 shares of the company traded hands, compared to its average volume of 1,206,212. Aqua America Inc has a 12 month low of $32.09 and a 12 month high of $46.90. The business has a fifty day simple moving average of $45.14 and a 200 day simple moving average of $42.25. The company has a current ratio of 6.19, a quick ratio of 5.27 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $9.56 billion, a P/E ratio of 30.91, a PEG ratio of 4.96 and a beta of 0.33.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a $0.2343 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.15%. Aqua America’s payout ratio is presently 66.67%.
WTR has been the topic of several research analyst reports. Janney Montgomery Scott lifted their price target on Aqua America from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Bank of America assumed coverage on Aqua America in a research note on Monday, July 15th. They set a “buy” rating and a $45.00 price objective for the company. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research note on Saturday, October 12th. Argus raised their target price on Aqua America to $50.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Finally, Evercore ISI reaffirmed a “hold” rating and issued a $37.00 target price on shares of Aqua America in a research report on Sunday, August 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Aqua America presently has an average rating of “Buy” and a consensus target price of $46.09.
In other news, Director Daniel J. Hilferty III bought 1,152 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The shares were acquired at an average cost of $43.38 per share, with a total value of $49,973.76. Following the completion of the transaction, the director now directly owns 9,872 shares in the company, valued at $428,247.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel J. Hilferty III bought 1,153 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were purchased at an average cost of $43.35 per share, for a total transaction of $49,982.55. Following the completion of the transaction, the director now owns 8,720 shares of the company’s stock, valued at $378,012. The disclosure for this purchase can be found here. Insiders own 0.30% of the company’s stock.
Aqua America Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through third-party.
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