Cannell Peter B & Co. Inc. lessened its holdings in shares of Aqua America Inc (NYSE:WTR) by 17.5% in the first quarter, according to its most recent filing with the SEC. The firm owned 10,875 shares of the utilities provider’s stock after selling 2,300 shares during the quarter. Cannell Peter B & Co. Inc.’s holdings in Aqua America were worth $370,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently bought and sold shares of WTR. Bank of Montreal Can grew its stake in Aqua America by 1.9% in the fourth quarter. Bank of Montreal Can now owns 84,210 shares of the utilities provider’s stock valued at $3,304,000 after purchasing an additional 1,605 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Aqua America by 6.8% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 799,949 shares of the utilities provider’s stock worth $31,382,000 after acquiring an additional 51,249 shares in the last quarter. State of Alaska Department of Revenue acquired a new position in shares of Aqua America during the 4th quarter worth about $414,000. California Capital Advisors Inc. acquired a new position in shares of Aqua America during the 4th quarter worth about $295,000. Finally, CENTRAL TRUST Co lifted its position in shares of Aqua America by 52.5% during the 4th quarter. CENTRAL TRUST Co now owns 15,444 shares of the utilities provider’s stock worth $606,000 after purchasing an additional 5,320 shares during the last quarter. 54.19% of the stock is currently owned by institutional investors.
Several equities analysts have commented on WTR shares. ValuEngine raised Aqua America from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Boenning Scattergood reissued a “neutral” rating on shares of Aqua America in a report on Tuesday, April 24th. UBS Group assumed coverage on Aqua America in a report on Thursday, March 8th. They issued a “neutral” rating and a $36.00 target price for the company. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Finally, Wells Fargo & Co lowered Aqua America from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $43.00 to $37.00 in a research report on Monday, February 26th. Seven investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Aqua America has an average rating of “Hold” and a consensus price target of $38.29.
Shares of WTR traded up $0.14 during midday trading on Thursday, hitting $33.28. The stock had a trading volume of 704,500 shares, compared to its average volume of 641,483. The company has a market capitalization of $5.89 billion, a price-to-earnings ratio of 24.29, a P/E/G ratio of 4.44 and a beta of 0.44. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.48 and a quick ratio of 0.42. Aqua America Inc has a twelve month low of $32.30 and a twelve month high of $39.55.
Aqua America (NYSE:WTR) last announced its quarterly earnings data on Tuesday, May 8th. The utilities provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Aqua America had a return on equity of 12.60% and a net margin of 29.59%. The company had revenue of $194.30 million during the quarter, compared to analysts’ expectations of $193.19 million. During the same quarter last year, the company earned $0.28 EPS. Aqua America’s revenue for the quarter was up 3.5% compared to the same quarter last year. sell-side analysts anticipate that Aqua America Inc will post 1.4 earnings per share for the current fiscal year.
The company also recently disclosed a jun 18 dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were issued a dividend of $0.2047 per share. This represents a dividend yield of 2.35%. The ex-dividend date of this dividend was Thursday, May 17th. Aqua America’s dividend payout ratio is presently 59.85%.
Aqua America Company Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater 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.
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