Aqua America Inc. (WTR) Coverage Initiated by Analysts at Robert W. Baird
Investment analysts at Robert W. Baird began coverage on shares of Aqua America Inc. (NYSE:WTR) in a report issued on Friday. The firm set a “neutral” rating on the stock.
A number of other analysts also recently issued reports on the company. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. 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. Finally, Hilliard Lyons reissued an “underperform” rating and set a $27.00 price objective on shares of Aqua America in a research report on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. Aqua America presently has an average rating of “Hold” and a consensus price target of $32.71.
Aqua America (NYSE:WTR) opened at 29.77 on Friday. The company has a market capitalization of $5.28 billion, a PE ratio of 25.44 and a beta of 0.43. The stock has a 50 day moving average of $30.44 and a 200-day moving average of $32.29. Aqua America has a 12-month low of $27.85 and a 12-month high of $35.83.
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Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, hitting the consensus estimate of $0.33. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The business had revenue of $203.88 million for the quarter, compared to analyst estimates of $209.61 million. During the same quarter in the previous year, the firm earned $0.32 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Equities analysts expect 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 Aqua America stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $31.20, for a total value of $145,080.00. Following the completion of the transaction, the director now directly owns 4,583 shares of the company’s stock, valued at approximately $142,989.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.
A number of institutional investors have recently added to or reduced their stakes in WTR. Thompson Davis & CO. Inc. increased its position in Aqua America by 0.5% in the second quarter. Thompson Davis & CO. Inc. now owns 3,327 shares of the company’s stock valued at $119,000 after buying an additional 17 shares in the last quarter. Tuttle Tactical Management LLC boosted its position in shares of Aqua America by 0.5% in the second quarter. Tuttle Tactical Management LLC now owns 5,736 shares of the company’s stock valued at $197,000 after buying an additional 31 shares during the last quarter. Roffman Miller Associates Inc. PA boosted its position in shares of Aqua America by 0.9% in the second quarter. Roffman Miller Associates Inc. PA now owns 14,219 shares of the company’s stock valued at $507,000 after buying an additional 120 shares during the last quarter. Whittier Trust Co. boosted its position in shares of Aqua America by 3.1% in the second quarter. Whittier Trust Co. now owns 3,952 shares of the company’s stock valued at $141,000 after buying an additional 120 shares during the last quarter. Finally, Murphy Capital Management Inc. boosted its position in shares of Aqua America by 1.3% in the second quarter. Murphy Capital Management Inc. now owns 11,262 shares of the company’s stock valued at $401,000 after buying an additional 150 shares during the last quarter. 47.76% of the stock is owned by institutional investors.
Aqua America Company Profile
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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