Insider Selling: Nicholas Debenedictis Sells 50,000 Shares of Aqua America Stock (WTR)
Aqua America (NYSE:WTR) Chairman Nicholas Debenedictis sold 50,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $24.79, for a total transaction of $1,239,500.00. Following the completion of the sale, the chairman now directly owns 5,180 shares of the company’s stock, valued at approximately $128,412. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Aqua America (NYSE:WTR) traded up 0.24% on Wednesday, hitting $24.94. The stock had a trading volume of 679,445 shares. Aqua America has a 52 week low of $22.40 and a 52 week high of $26.29. The stock’s 50-day moving average is $24.38 and its 200-day moving average is $24.88. The company has a market cap of $4.419 billion and a P/E ratio of 20.03.
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. On average, analysts predict that Aqua America will post $1.20 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on WTR shares. 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 company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $27.75.
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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