Advisory Services Network LLC raised its position in Aqua America Inc. (NYSE:WTR) by 2,449.8% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,859 shares of the company’s stock after buying an additional 6,590 shares during the period. Advisory Services Network LLC’s holdings in Aqua America were worth $245,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. TIAA CREF Investment Management LLC raised its stake in shares of Aqua America by 33.9% in the first quarter. TIAA CREF Investment Management LLC now owns 481,886 shares of the company’s stock worth $15,334,000 after buying an additional 122,089 shares in the last quarter. Teachers Advisors Inc. raised its stake in shares of Aqua America by 17.2% in the first quarter. Teachers Advisors Inc. now owns 250,957 shares of the company’s stock worth $7,985,000 after buying an additional 36,785 shares in the last quarter. BlackRock Inc. raised its stake in shares of Aqua America by 3.9% in the first quarter. BlackRock Inc. now owns 359,648 shares of the company’s stock worth $11,444,000 after buying an additional 13,356 shares in the last quarter. BlackRock Group LTD raised its stake in 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 during the period. Finally, BlackRock Fund Advisors raised its stake in 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 during the period. 47.76% of the stock is currently owned by institutional investors.
Aqua America Inc. (NYSE:WTR) traded down 0.85% during midday trading on Friday, reaching $29.11. The company had a trading volume of 711,872 shares. The company has a market capitalization of $5.16 billion, a price-to-earnings ratio of 24.88 and a beta of 0.43. Aqua America Inc. has a 52 week low of $27.13 and a 52 week high of $35.83. The firm has a 50-day moving average price of $30.68 and a 200-day moving average price of $32.35.
Aqua America (NYSE:WTR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.33. The business earned $203.88 million during 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 company’s quarterly revenue was down .9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. Analysts expect that Aqua America Inc. will post $1.33 EPS for the current fiscal year.
A number of equities research analysts have commented on the company. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Hilliard Lyons reiterated an “underperform” rating and issued a $27.00 price target on shares of Aqua America in a research report 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 report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Aqua America presently has a consensus rating of “Hold” and a consensus price target of $32.71.
In other Aqua America news, Director Richard H. Glanton sold 4,650 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $31.20, for a total transaction of $145,080.00. Following the completion of the sale, the director now directly owns 4,583 shares in the company, valued at approximately $142,989.60. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.33% of the company’s stock.
About Aqua America
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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