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 directly owns 71,397 shares in the company, valued at approximately $2,595,994.92. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Aqua America, Inc. (WTR) opened at $36.44 on Tuesday. Aqua America, Inc. has a 1 year low of $28.57 and a 1 year high of $36.62. The company has a market capitalization of $6,393.31, a PE ratio of 27.05, a price-to-earnings-growth ratio of 4.18 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 quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.43. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The firm had revenue of $215.01 million during the quarter, compared to analyst estimates of $234.40 million. During the same period last year, the company posted $0.41 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. equities analysts predict that Aqua America, Inc. will post 1.36 earnings per share for the current fiscal year.
The company also recently declared a dec 17 dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a dividend of $0.2047 per share. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio is 61.65%.
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WTR has been the topic of a number of analyst reports. Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Thursday, October 19th. Barclays PLC raised 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. Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Robert W. Baird restated a “hold” rating and set a $32.00 price objective on shares of Aqua America in a research report on Friday, August 25th. Finally, Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $38.20.
Several institutional investors have recently made changes to their positions in the company. Investment Centers of America Inc. lifted its holdings in shares of Aqua America by 0.4% during the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock valued at $233,000 after buying an additional 27 shares during the last quarter. CAPROCK Group Inc. lifted its holdings in shares of Aqua America by 0.4% during the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock valued at $258,000 after buying an additional 30 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Aqua America by 0.7% during the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock valued at $337,000 after buying an additional 71 shares during the last quarter. Clear Harbor Asset Management LLC lifted its holdings in shares of Aqua America by 0.6% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 26,618 shares of the utilities provider’s stock valued at $871,000 after buying an additional 150 shares during the last quarter. Finally, Suntrust Banks Inc. lifted its holdings in shares of Aqua America by 0.8% during the 2nd quarter. Suntrust Banks Inc. now owns 18,574 shares of the utilities provider’s stock valued at $618,000 after buying an additional 154 shares during the last quarter. Institutional investors and hedge funds own 51.09% of the company’s stock.
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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