Aqua America, Inc. (NYSE:WTR) – Stock analysts at Gabelli issued their FY2020 EPS estimates for Aqua America in a research report issued on Monday, according to Zacks Investment Research. Gabelli analyst T. Winter expects that the company will earn $1.70 per share for the year. Gabelli also issued estimates for Aqua America’s FY2021 earnings at $1.80 EPS.
A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research note on Thursday, October 19th. Barclays PLC boosted their target price on shares of Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, September 22nd. Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. Robert W. Baird reaffirmed a “hold” rating and set a $32.00 target price on shares of Aqua America in a research note on Friday, August 25th. Finally, Zacks Investment Research cut shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of C$38.20.
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Shares of Aqua America (WTR) opened at C$35.98 on Wednesday. The firm has a market cap of $6,393.32, a P/E ratio of 27.05, a PEG ratio of 4.18 and a beta of 0.57. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. Aqua America has a 1 year low of C$28.57 and a 1 year high of C$36.62.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, October 31st. The company reported C$0.43 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.43. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. The company had revenue of C$215.01 million during the quarter, compared to the consensus estimate of C$234.40 million. During the same period in the previous year, the business earned $0.41 earnings per share. The firm’s quarterly revenue was down 5.1% on a year-over-year basis.
Large investors have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. increased its position in shares of Aqua America by 10.6% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the company’s stock worth $149,000 after acquiring an additional 431 shares in the last quarter. IFP Advisors Inc grew its position in Aqua America by 20.8% in the 2nd quarter. IFP Advisors Inc now owns 4,701 shares of the company’s stock worth $157,000 after purchasing an additional 809 shares in the last quarter. Barrett Asset Management LLC bought a new stake in Aqua America in the 2nd quarter worth about $197,000. Huntington National Bank grew its position in Aqua America by 6.7% in the 2nd quarter. Huntington National Bank now owns 5,950 shares of the company’s stock worth $199,000 after purchasing an additional 375 shares in the last quarter. Finally, Private Vista LLC bought a new stake in Aqua America in the 3rd quarter worth about $205,000. 50.96% of the stock is owned by institutional investors.
In other news, insider Robert A. Rubin sold 12,499 shares of the company’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of C$34.46, for a total transaction of C$430,715.54. Following the transaction, the insider now owns 80,604 shares in the company, valued at C$2,777,613.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last 90 days, insiders purchased 75,500 shares of company stock worth $11,325. 0.25% of the stock is owned by company insiders.
The company also recently announced a dec 17 dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be issued a $0.2047 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a yield of 2.3%. Aqua America’s payout ratio is 61.65%.
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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