TIAA FSB acquired a new position in Aqua America, Inc. (NYSE:WTR) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 11,242 shares of the utilities provider’s stock, valued at approximately $373,000.
Several other hedge funds have also recently made changes to their positions in the business. Boulegeris Investments Inc. raised its holdings in shares of Aqua America by 24.1% in the 2nd quarter. Boulegeris Investments Inc. now owns 17,754 shares of the utilities provider’s stock worth $591,000 after buying an additional 3,450 shares in the last quarter. Crow Point Partners LLC acquired a new position in shares of Aqua America in the 3rd quarter worth approximately $556,000. Blair William & Co. IL acquired a new position in shares of Aqua America in the 2nd quarter worth approximately $832,000. Baillie Gifford & Co. raised its holdings in shares of Aqua America by 1.3% in the 2nd quarter. Baillie Gifford & Co. now owns 397,525 shares of the utilities provider’s stock worth $13,237,000 after buying an additional 5,207 shares in the last quarter. Finally, Virginia Retirement Systems ET AL raised its holdings in shares of Aqua America by 19.9% in the 2nd quarter. Virginia Retirement Systems ET AL now owns 34,300 shares of the utilities provider’s stock worth $1,142,000 after buying an additional 5,700 shares in the last quarter. Institutional investors own 51.09% of the company’s stock.
Aqua America, Inc. (WTR) traded up $0.46 during midday trading on Tuesday, hitting $36.44. The stock had a trading volume of 668,600 shares, compared to its average volume of 552,750. The firm has a market cap of $6,530.00, a PE ratio of 27.05, a P/E/G ratio of 4.18 and a beta of 0.57. Aqua America, Inc. has a one year low of $28.57 and a one year high of $36.62. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The business had revenue of $215.01 million for the quarter, compared to analyst estimates of $234.40 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. equities research analysts forecast that Aqua America, Inc. will post 1.36 earnings per share for the current year.
The business also recently declared a dec 17 dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be given a $0.2047 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio is currently 61.65%.
In other news, VP David Smeltzer sold 10,000 shares of the firm’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value of $363,600.00. Following the transaction, the vice president now directly owns 71,397 shares in the company, valued at approximately $2,595,994.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the transaction, the insider now owns 80,604 shares in the company, valued at $2,777,613.84. The disclosure for this sale can be found here. Insiders bought a total of 75,500 shares of company stock worth $11,325 over the last 90 days. 0.25% of the stock is owned by corporate insiders.
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WTR has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a “hold” rating and set a $32.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Boenning Scattergood reaffirmed a “buy” rating and set a $43.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a report on Thursday, October 19th. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Finally, Barclays PLC raised their price target on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $38.20.
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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