Aqua America, Inc. (NYSE:WTR) Given Average Recommendation of “Hold” by Analysts
Shares of Aqua America, Inc. (NYSE:WTR) have been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $31.67.
A number of analysts have recently weighed in on WTR shares. Barclays PLC raised shares of Aqua America from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $33.00 to $36.00 in a report on Friday, March 17th. Zacks Investment Research downgraded shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Northcoast Research started coverage on shares of Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. Finally, BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th.
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Shares of Aqua America (NYSE WTR) traded up 0.34% during mid-day trading on Friday, hitting $32.58. 382,005 shares of the company were exchanged. The company’s 50-day moving average price is $32.89 and its 200-day moving average price is $31.58. Aqua America has a 12-month low of $28.03 and a 12-month high of $34.86. The firm has a market capitalization of $5.79 billion, a P/E ratio of 24.97 and a beta of 0.53.
Aqua America (NYSE:WTR) last issued its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by $0.02. Aqua America had a return on equity of 12.62% and a net margin of 28.41%. The firm had revenue of $187.79 million for the quarter. Equities research analysts predict that Aqua America will post $1.36 earnings per share for the current fiscal year.
In related news, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total value of $189,117.50. Following the completion of the transaction, the chief operating officer now owns 18,788 shares of the company’s stock, valued at approximately $617,937.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the completion of the transaction, the director now directly owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
A number of institutional investors have recently modified their holdings of WTR. Russell Investments Group Ltd. bought a new position in shares of Aqua America during the fourth quarter valued at approximately $751,000. A.R.T. Advisors LLC acquired a new position in Aqua America during the fourth quarter valued at about $312,000. Norges Bank acquired a new position in Aqua America during the fourth quarter valued at about $37,655,000. Perigon Wealth Management LLC increased its position in Aqua America by 1,280.4% in the fourth quarter. Perigon Wealth Management LLC now owns 22,431 shares of the utilities provider’s stock valued at $710,000 after buying an additional 20,806 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Aqua America by 26.4% in the fourth quarter. Teachers Advisors LLC now owns 227,460 shares of the utilities provider’s stock valued at $6,833,000 after buying an additional 47,468 shares during the last quarter. 50.27% of the stock is owned by institutional investors and hedge funds.
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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