Dynamic Technology Lab Private Ltd acquired a new stake in shares of Aqua America Inc (NYSE:WTR) during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 18,861 shares of the utilities provider’s stock, valued at approximately $626,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Boulegeris Investments Inc. raised its stake in shares of Aqua America by 24.1% in the 2nd quarter. Boulegeris Investments Inc. now owns 17,754 shares of the utilities provider’s stock valued at $591,000 after buying an additional 3,450 shares in the last quarter. Crow Point Partners LLC bought a new stake in shares of Aqua America in the 3rd quarter worth about $556,000. Blair William & Co. IL bought a new stake in shares of Aqua America in the 2nd quarter worth about $832,000. Baillie Gifford & Co. grew its holdings in shares of Aqua America by 1.3% in the 2nd quarter. Baillie Gifford & Co. now owns 397,525 shares of the utilities provider’s stock worth $13,237,000 after purchasing an additional 5,207 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in shares of Aqua America by 102.8% in the 2nd quarter. Citigroup Inc. now owns 12,153 shares of the utilities provider’s stock worth $405,000 after purchasing an additional 6,160 shares during the last quarter. 51.72% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities research analysts have commented on WTR shares. Robert W. Baird reissued a “hold” rating and set a $32.00 price objective on shares of Aqua America in a report on Wednesday, November 1st. Boenning Scattergood reissued a “buy” rating and set a $43.00 price objective on shares of Aqua America in a report on Wednesday, November 1st. Wells Fargo & Company raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Aqua America has an average rating of “Buy” and a consensus target price of $38.20.
In other news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.46, for a total transaction of $430,715.54. Following the completion of the sale, the insider now owns 80,604 shares of the company’s stock, valued at $2,777,613.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP David Smeltzer sold 10,000 shares of Aqua America stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value of $363,600.00. Following the sale, the vice president now directly owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 75,500 shares of company stock valued at $11,325. Company insiders own 0.25% of the company’s stock.
Shares of Aqua America Inc (NYSE:WTR) traded down $0.24 during mid-day trading on Tuesday, reaching $37.43. 151,734 shares of the company’s stock traded hands, compared to its average volume of 548,027. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01. Aqua America Inc has a 52-week low of $29.24 and a 52-week high of $38.20. The firm has a market cap of $6,650.00, a P/E ratio of 28.38, a P/E/G ratio of 4.38 and a beta of 0.59.
Aqua America (NYSE:WTR) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, meeting the consensus estimate of $0.43. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. The business had revenue of $215.01 million during the quarter, compared to analysts’ expectations of $234.40 million. During the same period last year, the business earned $0.41 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. sell-side analysts forecast that Aqua America Inc will post 1.36 earnings per share for the current year.
The business also recently disclosed a dec 17 dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were given a dividend of $0.2047 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a yield of 2.3%. Aqua America’s dividend payout ratio (DPR) is 61.65%.
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Aqua America 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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