Aqua America, Inc. (WTR) Receives $31.67 Average PT from Analysts

Aqua America, Inc. (NYSE:WTR) has earned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $31.67.

A number of research firms have weighed in on WTR. Boenning Scattergood raised shares of Aqua America from a “neutral” rating to an “outperform” rating in a research note on Monday, March 13th. Zacks Investment Research downgraded shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Northcoast Research started coverage on shares of Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Barclays PLC raised shares of Aqua America from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $33.00 to $36.00 in a research note on Friday, March 17th. Finally, BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday.

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In related news, Director Richard H. Glanton sold 4,200 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the completion of the sale, the director now directly owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Richard Scott Fox sold 5,750 shares of the firm’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total transaction of $189,117.50. Following the transaction, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at $617,937.32. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Aldebaran Financial Inc. bought a new position in shares of Aqua America during the first quarter valued at $478,000. Perigon Wealth Management LLC raised its position in shares of Aqua America by 10.7% in the first quarter. Perigon Wealth Management LLC now owns 24,824 shares of the utilities provider’s stock valued at $798,000 after buying an additional 2,393 shares in the last quarter. Cambridge Trust Co. raised its position in shares of Aqua America by 6.3% in the first quarter. Cambridge Trust Co. now owns 203,619 shares of the utilities provider’s stock valued at $6,546,000 after buying an additional 12,045 shares in the last quarter. Ronna Sue Cohen raised its position in shares of Aqua America by 0.6% in the first quarter. Ronna Sue Cohen now owns 48,669 shares of the utilities provider’s stock valued at $1,565,000 after buying an additional 296 shares in the last quarter. Finally, HighTower Advisors LLC raised its position in shares of Aqua America by 5.9% in the first quarter. HighTower Advisors LLC now owns 38,611 shares of the utilities provider’s stock valued at $1,239,000 after buying an additional 2,140 shares in the last quarter. 50.26% of the stock is owned by institutional investors.

Shares of Aqua America (NYSE:WTR) traded up 0.32% during mid-day trading on Thursday, reaching $34.35. The company’s stock had a trading volume of 1,299,918 shares. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 26.32 and a beta of 0.56. The firm’s 50 day moving average price is $32.56 and its 200-day moving average price is $31.34. Aqua America has a 1-year low of $28.03 and a 1-year high of $35.83.

Aqua America (NYSE:WTR) last posted its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.02. The company had revenue of $187.79 million for the quarter. Aqua America had a return on equity of 12.62% and a net margin of 28.41%. On average, analysts predict that Aqua America will post $1.36 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Wednesday, May 17th were issued a dividend of $0.1913 per share. This represents a $0.77 dividend on an annualized basis and a yield of 2.23%. The ex-dividend date of this dividend was Monday, May 15th. Aqua America’s payout ratio is 59.23%.

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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