Advisors Asset Management Inc. cut its position in shares of Aqua America Inc. (NYSE:WTR) by 4.0% during the second quarter, Holdings Channel reports. The fund owned 14,483 shares of the company’s stock after selling 603 shares during the period. Advisors Asset Management Inc.’s holdings in Aqua America were worth $516,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of the stock. BlackRock Fund Advisors raised its position in shares of Aqua America by 1.1% in the first quarter. BlackRock Fund Advisors now owns 6,171,125 shares of the company’s stock worth $196,365,000 after buying an additional 64,537 shares in the last quarter. Norges Bank acquired a new position in shares of Aqua America during the fourth quarter worth $40,160,000. Geode Capital Management LLC raised its position in shares of Aqua America by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,119,225 shares of the company’s stock worth $35,613,000 after buying an additional 36,235 shares in the last quarter. BlackRock Group LTD raised its position in shares of Aqua America by 0.5% in the first quarter. BlackRock Group LTD now owns 724,385 shares of the company’s stock worth $23,052,000 after buying an additional 3,599 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its position in shares of Aqua America by 598.1% in the first quarter. Nuveen Asset Management LLC now owns 499,314 shares of the company’s stock worth $15,888,000 after buying an additional 427,794 shares in the last quarter. 47.76% of the stock is currently owned by hedge funds and other institutional investors.
Aqua America Inc. (NYSE:WTR) traded up 0.13% during mid-day trading on Tuesday, hitting $31.45. The stock had a trading volume of 259,438 shares. The firm’s 50-day moving average is $31.20 and its 200 day moving average is $32.46. The stock has a market cap of $5.58 billion, a PE ratio of 26.88 and a beta of 0.42. Aqua America Inc. has a one year low of $25.98 and a one year high of $35.83.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.33. The firm had revenue of $203.88 million for the quarter, compared to analyst estimates of $209.61 million. Aqua America had a net margin of 25.44% and a return on equity of 13.05%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. Equities research analysts expect that Aqua America Inc. will post $1.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were given a $0.1913 dividend. This is a positive change from Aqua America’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Tuesday, August 16th. This represents a $0.77 annualized dividend and a yield of 2.44%. Aqua America’s payout ratio is 66.38%.
A number of brokerages have weighed in on WTR. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a research note on Friday, September 2nd. Hilliard Lyons reissued an “underperform” rating and set a $27.00 price target on shares of Aqua America in a research note on Wednesday, September 14th. Finally, Barclays PLC reduced their price target on Aqua America from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 6th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $32.71.
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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