Aqua America, Inc. (NYSE:WTR) – Equities research analysts at Boenning Scattergood lifted their Q4 2017 EPS estimates for shares of Aqua America in a report issued on Wednesday, according to Zacks Investment Research. Boenning Scattergood analyst R. Connors now expects that the company will post earnings per share of $0.31 for the quarter, up from their prior forecast of $0.29. Boenning Scattergood currently has a “Buy” rating and a $43.00 target price on the stock. Boenning Scattergood also issued estimates for Aqua America’s Q2 2018 earnings at $0.37 EPS, Q3 2018 earnings at $0.45 EPS, Q4 2018 earnings at $0.35 EPS and FY2018 earnings at $1.45 EPS.
A number of other analysts have also recently weighed in on the company. Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research report on Thursday, October 19th. Barclays PLC raised their price objective on Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. Robert W. Baird reaffirmed a “hold” rating and set a $32.00 price target on shares of Aqua America in a research report on Friday, August 25th. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Aqua America presently has an average rating of “Buy” and an average price target of C$38.20.
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Shares of Aqua America (NYSE WTR) opened at C$35.98 on Thursday. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. The firm has a market capitalization of $6,393.32, a price-to-earnings ratio of 27.05, a PEG ratio of 4.18 and a beta of 0.57. Aqua America has a 52-week low of C$28.57 and a 52-week high of C$36.62.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, October 31st. The company reported C$0.43 earnings per share for the quarter, hitting the Zacks’ consensus estimate of C$0.43. The firm had revenue of C$215.01 million during the quarter, compared to analysts’ expectations of C$234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.41 EPS.
The company also recently declared a dec 17 dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be given a dividend of $0.2047 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a yield of 2.3%. Aqua America’s dividend payout ratio is currently 61.65%.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction dated Monday, September 11th. The stock was sold at an average price of C$34.46, for a total transaction of C$430,715.54. Following the completion of the sale, the insider now owns 80,604 shares of the company’s stock, valued at approximately C$2,777,613.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have acquired 75,500 shares of company stock valued at $11,325. 0.25% of the stock is currently owned by insiders.
Several hedge funds have recently modified their holdings of WTR. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Aqua America by 10.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the company’s stock valued at $149,000 after buying an additional 431 shares during the period. IFP Advisors Inc lifted its holdings in shares of Aqua America by 20.8% in the 2nd quarter. IFP Advisors Inc now owns 4,701 shares of the company’s stock valued at $157,000 after buying an additional 809 shares during the period. Barrett Asset Management LLC acquired a new position in shares of Aqua America in the 2nd quarter valued at about $197,000. Huntington National Bank lifted its holdings in shares of Aqua America by 6.7% in the 2nd quarter. Huntington National Bank now owns 5,950 shares of the company’s stock valued at $199,000 after buying an additional 375 shares during the period. Finally, Private Vista LLC acquired a new position in shares of Aqua America in the 3rd quarter valued at about $205,000. 50.96% of the stock is owned by institutional investors and hedge funds.
About Aqua America
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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