Insider Selling: William C. Ross Unloads 2,525 Shares of Aqua America Stock (WTR)
Aqua America (NYSE:WTR) VP William C. Ross sold 2,525 shares of Aqua America stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $24.50, for a total value of $61,862.50. Following the sale, the vice president now directly owns 4,689 shares of the company’s stock, valued at approximately $114,881. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Macquarie upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Tuesday, August 5th. They now have a $23.00 price target on the stock. Analysts at Argus raised their price target on shares of Aqua America from $26.00 to $29.00 in a research note on Wednesday, June 18th. They now have a “buy” rating on the stock. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $27.75.
Aqua America (NYSE:WTR) traded up 0.04% during mid-day trading on Thursday, hitting $24.61. The stock had a trading volume of 421,776 shares. Aqua America has a 52 week low of $22.40 and a 52 week high of $26.29. The stock has a 50-day moving average of $24.46 and a 200-day moving average of $24.82. The company has a market cap of $4.360 billion and a price-to-earnings ratio of 19.81.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Tuesday, August 5th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. The company had revenue of $195.31 million for the quarter, compared to the consensus estimate of $199.45 million. During the same quarter in the previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up .7% on a year-over-year basis. Analysts expect that Aqua America will post $1.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 1st. Shareholders of record on Friday, August 15th will be paid a dividend of $0.165 per share. This represents a $0.66 annualized dividend and a dividend yield of 2.68%. The ex-dividend date is Wednesday, August 13th. This is a positive change from Aqua America’s previous quarterly dividend of $0.15.
Aqua America, Inc (NYSE:WTR) is the holding company for regulated utilities providing water or wastewater services in Pennsylvania, Texas, North Carolina, Ohio, Illinois, New Jersey, New York, Florida, Indiana, Virginia, Maine, and Georgia.
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