Aqua America Inc. (NYSE:WTR) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Aqua America Inc. (NYSE:WTR) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $32.67.
WTR has been the subject of several analyst reports. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a research note on Tuesday, September 13th. Hilliard Lyons reiterated an “underperform” rating and issued a $27.00 price objective on shares of Aqua America in a research report on Wednesday, September 14th. Finally, Barclays PLC cut their price objective on Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 6th.
Aqua America (NYSE:WTR) traded up 1.116% on Monday, hitting $29.435. The stock had a trading volume of 343,002 shares. The stock has a market cap of $5.22 billion, a price-to-earnings ratio of 25.158 and a beta of 0.43. Aqua America has a one year low of $27.13 and a one year high of $35.83. The stock’s 50 day moving average is $30.68 and its 200 day moving average is $32.35.
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Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The business earned $203.88 million during the quarter, compared to analysts’ expectations of $209.61 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The company’s quarterly revenue was down .9% compared to the same quarter last year. Analysts anticipate that Aqua America will post $1.33 earnings per share for the current year.
In other Aqua America news, Director Richard H. Glanton sold 4,650 shares of the company’s stock in a transaction on Tuesday, September 27th. The stock was sold at an average price of $31.20, for a total value of $145,080.00. Following the sale, the director now owns 4,583 shares of the company’s stock, valued at $142,989.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of WTR. Geode Capital Management LLC raised its stake in Aqua America by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,119,225 shares of the company’s stock valued at $35,613,000 after buying an additional 36,235 shares during the period. Vanguard Group Inc. raised its stake in Aqua America by 3.8% in the second quarter. Vanguard Group Inc. now owns 14,910,774 shares of the company’s stock valued at $531,718,000 after buying an additional 545,819 shares during the period. BlackRock Inc. raised its stake in Aqua America by 3.9% in the first quarter. BlackRock Inc. now owns 359,648 shares of the company’s stock valued at $11,444,000 after buying an additional 13,356 shares during the period. Ladenburg Thalmann Financial Services Inc. raised its stake in Aqua America by 57.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 85,013 shares of the company’s stock valued at $2,704,000 after buying an additional 31,085 shares during the period. Finally, Canada Pension Plan Investment Board purchased a new stake in Aqua America during the first quarter valued at $372,000. 47.76% of the stock is currently owned by institutional investors.
About Aqua America
Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.
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