Symons Capital Management Inc. cut its position in shares of Aqua America Inc (NYSE:WTR) by 10.2% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 125,832 shares of the utilities provider’s stock after selling 14,354 shares during the quarter. Aqua America accounts for about 2.6% of Symons Capital Management Inc.’s portfolio, making the stock its 18th biggest holding. Symons Capital Management Inc. owned about 0.06% of Aqua America worth $5,641,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of the stock. 6 Meridian grew its holdings in shares of Aqua America by 1.8% during the second quarter. 6 Meridian now owns 14,182 shares of the utilities provider’s stock worth $587,000 after buying an additional 244 shares in the last quarter. Haverford Trust Co. grew its stake in Aqua America by 1.1% in the second quarter. Haverford Trust Co. now owns 23,885 shares of the utilities provider’s stock valued at $988,000 after purchasing an additional 250 shares in the last quarter. Clear Harbor Asset Management LLC grew its stake in Aqua America by 0.8% in the second quarter. Clear Harbor Asset Management LLC now owns 37,058 shares of the utilities provider’s stock valued at $1,533,000 after purchasing an additional 286 shares in the last quarter. State Treasurer State of Michigan grew its stake in Aqua America by 0.5% in the second quarter. State Treasurer State of Michigan now owns 63,816 shares of the utilities provider’s stock valued at $2,640,000 after purchasing an additional 300 shares in the last quarter. Finally, CENTRAL TRUST Co grew its stake in Aqua America by 3.2% in the third quarter. CENTRAL TRUST Co now owns 12,471 shares of the utilities provider’s stock valued at $559,000 after purchasing an additional 381 shares in the last quarter. Institutional investors and hedge funds own 65.06% of the company’s stock.
In other Aqua America news, Director Daniel J. Hilferty III acquired 1,152 shares of the business’s stock in a transaction dated Monday, September 9th. The stock was bought at an average cost of $43.38 per share, with a total value of $49,973.76. Following the completion of the transaction, the director now directly owns 9,872 shares in the company, valued at approximately $428,247.36. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Daniel J. Hilferty III acquired 1,153 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average cost of $43.35 per share, with a total value of $49,982.55. Following the completion of the transaction, the director now owns 8,720 shares of the company’s stock, valued at $378,012. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.
A number of research analysts have weighed in on the company. Argus raised their price target on Aqua America to $50.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Janney Montgomery Scott raised their price target on Aqua America from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Wells Fargo & Co set a $47.00 price target on Aqua America and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Bank of America assumed coverage on Aqua America in a research note on Monday, July 15th. They issued a “buy” rating and a $45.00 price target for the company. Finally, Evercore ISI restated a “hold” rating and issued a $37.00 price target on shares of Aqua America in a research note on Sunday, August 11th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $46.09.
Shares of WTR traded down $0.13 during mid-day trading on Friday, reaching $43.59. The company’s stock had a trading volume of 1,806,849 shares, compared to its average volume of 1,206,212. Aqua America Inc has a 1-year low of $32.09 and a 1-year high of $46.90. The stock has a market cap of $9.56 billion, a P/E ratio of 30.91, a PEG ratio of 4.96 and a beta of 0.33. The business has a 50-day simple moving average of $45.14 and a two-hundred day simple moving average of $42.25. The company has a current ratio of 6.19, a quick ratio of 5.27 and a debt-to-equity ratio of 0.75.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.05. Aqua America had a return on equity of 8.81% and a net margin of 18.02%. The company had revenue of $243.60 million during the quarter, compared to analysts’ expectations of $259.99 million. During the same period last year, the firm posted $0.44 earnings per share. The business’s revenue was up 7.7% on a year-over-year basis. Research analysts anticipate that Aqua America Inc will post 1.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be given a $0.2343 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.15%. Aqua America’s payout ratio is 66.67%.
Aqua America Company Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through third-party.
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