Ingalls & Snyder LLC cut its position in Aqua America Inc (NYSE:WTR) by 4.5% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 23,276 shares of the utilities provider’s stock after selling 1,100 shares during the period. Ingalls & Snyder LLC’s holdings in Aqua America were worth $1,093,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds have also recently modified their holdings of WTR. Vanguard Group Inc. grew its position in Aqua America by 18.0% during the second quarter. Vanguard Group Inc. now owns 22,785,489 shares of the utilities provider’s stock worth $942,636,000 after buying an additional 3,475,241 shares in the last quarter. BlackRock Inc. grew its position in Aqua America by 19.0% during the second quarter. BlackRock Inc. now owns 20,422,783 shares of the utilities provider’s stock worth $844,892,000 after buying an additional 3,264,786 shares in the last quarter. Zimmer Partners LP grew its position in Aqua America by 0.7% during the third quarter. Zimmer Partners LP now owns 11,297,094 shares of the utilities provider’s stock worth $506,449,000 after buying an additional 81,915 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Aqua America by 23.6% during the second quarter. Pictet Asset Management Ltd. now owns 6,096,454 shares of the utilities provider’s stock worth $252,210,000 after buying an additional 1,165,654 shares in the last quarter. Finally, Invesco Ltd. grew its position in Aqua America by 5.7% during the second quarter. Invesco Ltd. now owns 2,862,036 shares of the utilities provider’s stock worth $118,402,000 after buying an additional 155,185 shares in the last quarter. Hedge funds and other institutional investors own 66.29% of the company’s stock.
WTR opened at $48.89 on Thursday. The stock has a 50-day moving average price of $45.93 and a 200-day moving average price of $44.16. Aqua America Inc has a 12-month low of $33.72 and a 12-month high of $49.02. The company has a current ratio of 6.19, a quick ratio of 6.14 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $10.46 billion, a P/E ratio of 34.67, a PEG ratio of 4.81 and a beta of 0.32.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Aqua America had a return on equity of 8.81% and a net margin of 18.02%. The firm had revenue of $243.60 million during the quarter, compared to analysts’ expectations of $259.99 million. During the same period in the prior year, the business earned $0.44 EPS. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that Aqua America Inc will post 1.46 EPS for the current year.
Several research firms recently commented on WTR. ValuEngine cut Aqua America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Janney Montgomery Scott upped their price objective on Aqua America from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Monday, October 7th. Argus upped their price objective on Aqua America to $50.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Finally, Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a report on Saturday, October 12th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Aqua America has an average rating of “Hold” and an average target price of $46.80.
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.
Further Reading: Cash Flow
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