Aqua America, Inc. (WTR) Stock Rating Reaffirmed by Robert W. Baird
Aqua America, Inc. (NYSE:WTR)‘s stock had its “hold” rating reiterated by analysts at Robert W. Baird in a research note issued to investors on Friday. They presently have a $32.00 price objective on the utilities provider’s stock. Robert W. Baird’s target price indicates a potential downside of 5.88% from the company’s current price.
Other equities analysts have also issued research reports about the stock. Northcoast Research began coverage on shares of Aqua America in a report on Thursday, May 25th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. Aqua America has a consensus rating of “Hold” and an average target price of $32.25.
Shares of Aqua America (NYSE WTR) traded up 0.09% during mid-day trading on Friday, reaching $34.00. The company’s stock had a trading volume of 347,162 shares. Aqua America has a one year low of $28.03 and a one year high of $34.41. The stock has a market cap of $6.04 billion, a P/E ratio of 25.95 and a beta of 0.52. The stock has a 50 day moving average of $33.43 and a 200-day moving average of $32.50.
Aqua America (NYSE:WTR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. On average, equities research analysts expect that Aqua America will post $1.36 EPS for the current fiscal year.
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In related news, Director Richard H. Glanton sold 4,200 shares of Aqua America stock in a transaction 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 sale, the director now owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Richard Scott Fox sold 5,750 shares of Aqua America stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total transaction of $189,117.50. Following the sale, the chief operating officer now directly owns 18,788 shares in the company, valued at approximately $617,937.32. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the company. Thompson Davis & CO. Inc. increased its stake in Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock valued at $106,000 after buying an additional 132 shares during the period. FineMark National Bank & Trust increased its stake in Aqua America by 93.9% in the third quarter. FineMark National Bank & Trust now owns 3,311 shares of the utilities provider’s stock valued at $101,000 after buying an additional 1,603 shares during the period. Sei Investments Co. increased its stake in Aqua America by 15.6% in the third quarter. Sei Investments Co. now owns 3,461 shares of the utilities provider’s stock valued at $106,000 after buying an additional 466 shares during the period. IFP Advisors Inc increased its stake in Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock valued at $125,000 after buying an additional 53 shares during the period. Finally, Whittier Trust Co. increased its stake in Aqua America by 3.1% in the second quarter. Whittier Trust Co. now owns 3,952 shares of the utilities provider’s stock valued at $141,000 after buying an additional 120 shares during the period. 50.90% of the stock is currently owned by hedge funds and other institutional investors.
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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