Aqua America, Inc. (NYSE:WTR) – Analysts at Boenning Scattergood raised their Q4 2017 earnings per share estimates for Aqua America in a research report issued on Wednesday. Boenning Scattergood analyst R. Connors now expects that the utilities provider will earn $0.31 per share for the quarter, up from their prior forecast of $0.29. Boenning Scattergood has a “Buy” rating and a $43.00 price objective on the stock. Boenning Scattergood also issued estimates for Aqua America’s Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.45 EPS.

Aqua America (NYSE:WTR) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. Aqua America had a net margin of 29.38% and a return on equity of 12.61%. The firm had revenue of $215.01 million during the quarter, compared to the consensus estimate of $234.40 million. During the same period last year, the firm posted $0.41 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. COPYRIGHT VIOLATION WARNING: “Research Analysts Offer Predictions for Aqua America, Inc.’s Q4 2017 Earnings (WTR)” was originally published by American Banking News and is the property of of American Banking News. If you are reading this news story on another publication, it was illegally copied and republished in violation of US & international copyright legislation. The correct version of this news story can be accessed at https://www.americanbankingnews.com/2017/11/02/research-analysts-offer-predictions-for-aqua-america-inc-s-q4-2017-earnings-wtr.html.

Several other equities research analysts have also recently weighed in on WTR. BidaskClub cut shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Robert W. Baird reaffirmed a “hold” rating and set a $32.00 price objective on shares of Aqua America in a research report on Friday, August 25th. Barclays PLC upped their price objective on shares of Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. Finally, Wells Fargo & Company raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aqua America has a consensus rating of “Buy” and an average price target of $38.20.

Hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Aqua America by 10.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 431 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of Aqua America by 20.8% in the second quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 809 shares during the last quarter. Barrett Asset Management LLC bought a new position in shares of Aqua America in the second quarter worth about $197,000. Huntington National Bank lifted its holdings in shares of Aqua America by 6.7% in the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 375 shares during the last quarter. Finally, Private Vista LLC bought a new position in shares of Aqua America in the third quarter worth about $205,000. 50.81% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Robert A. Rubin sold 12,499 shares of the stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.46, for a total value of $430,715.54. Following the completion of the transaction, the insider now owns 80,604 shares of the company’s stock, valued at $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

The business also recently announced a dec 17 dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.2047 dividend. The ex-dividend date is Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio (DPR) is currently 61.65%.

About Aqua America

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).

Earnings History and Estimates for Aqua America (NYSE:WTR)

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