Crow Point Partners LLC purchased a new position in shares of Aqua America, Inc. (NYSE:WTR) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 16,748 shares of the utilities provider’s stock, valued at approximately $556,000.
A number of other large investors have also modified their holdings of the stock. Investment Centers of America Inc. raised its position in Aqua America by 0.4% during the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock worth $233,000 after buying an additional 27 shares during the last quarter. CAPROCK Group Inc. increased its holdings in shares of Aqua America by 0.4% in the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 30 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Aqua America by 0.7% in the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock valued at $337,000 after purchasing an additional 71 shares in the last quarter. NEXT Financial Group Inc increased its holdings in shares of Aqua America by 2.3% in the 2nd quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 144 shares in the last quarter. Finally, Clear Harbor Asset Management LLC increased its holdings in shares of Aqua America by 0.6% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 26,618 shares of the utilities provider’s stock valued at $871,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 50.95% of the company’s stock.
In related news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the completion of the sale, the insider now directly owns 80,604 shares in the company, valued at approximately $2,777,613.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.25% of the company’s stock.
WTR has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. BidaskClub downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Wells Fargo & Company upgraded shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a report on Thursday, October 19th. Robert W. Baird restated a “hold” rating and set a $32.00 target price on shares of Aqua America in a report on Friday, August 25th. Finally, Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $37.00.
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Aqua America, Inc. (NYSE WTR) traded up 0.31% during midday trading on Friday, hitting $35.58. 124,485 shares of the company’s stock traded hands. The company has a market capitalization of $6.32 billion, a PE ratio of 27.16 and a beta of 0.54. The company has a 50 day moving average of $34.30 and a 200-day moving average of $33.40. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $36.27.
Aqua America (NYSE:WTR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The company had revenue of $203.40 million during the quarter, compared to the consensus estimate of $208.28 million. During the same period in the previous year, the company posted $0.33 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts predict that Aqua America, Inc. will post $1.36 earnings per share for the current year.
The company also recently declared a dec 17 dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a $0.2047 dividend. Aqua America’s dividend payout ratio (DPR) is presently 62.60%.
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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