Aqua America (WTR) Stock Rating Upgraded by Hilliard Lyons

Aqua America (NYSE:WTR) was upgraded by equities research analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating in a report issued on Thursday, December 21st.

Other analysts also recently issued reports about the stock. Wells Fargo & Co upgraded 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 report on Thursday, October 19th. Argus boosted their target price on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Barclays boosted their target price on shares of Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, September 22nd. Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Finally, Robert W. Baird restated a “hold” rating and issued a $32.00 target price on shares of Aqua America in a report on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Aqua America has an average rating of “Buy” and a consensus price target of $38.67.

Aqua America (NYSE WTR) opened at $35.12 on Thursday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55. The firm has a market cap of $6,240.00, a price-to-earnings ratio of 26.41, a P/E/G ratio of 4.59 and a beta of 0.59. Aqua America has a one year low of $29.41 and a one year high of $39.55.

Aqua America (NYSE:WTR) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.43. The company had revenue of $215.01 million for the quarter, compared to the consensus estimate of $234.40 million. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. Aqua America’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 EPS. research analysts expect that Aqua America will post 1.36 earnings per share for the current year.

In related news, VP David Smeltzer sold 10,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total transaction of $363,600.00. Following the transaction, the vice president now directly owns 71,397 shares in the company, valued at approximately $2,595,994.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have purchased a total of 70,500 shares of company stock worth $8,475 over the last quarter. 0.25% of the stock is currently owned by insiders.

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its position in Aqua America by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,208,005 shares of the utilities provider’s stock valued at $573,026,000 after buying an additional 277,406 shares during the period. Pictet Asset Management Ltd. boosted its position in Aqua America by 4.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock valued at $146,940,000 after buying an additional 180,667 shares during the period. Bank of New York Mellon Corp lifted its position in shares of Aqua America by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,695,154 shares of the utilities provider’s stock worth $89,451,000 after purchasing an additional 13,501 shares during the period. Impax Asset Management LTD lifted its position in shares of Aqua America by 7.0% in the 3rd quarter. Impax Asset Management LTD now owns 2,103,413 shares of the utilities provider’s stock worth $69,812,000 after purchasing an additional 137,582 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Aqua America by 0.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,000,136 shares of the utilities provider’s stock worth $33,194,000 after purchasing an additional 8,898 shares during the period. 51.57% of the stock is owned by institutional investors.

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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).

Analyst Recommendations for Aqua America (NYSE:WTR)

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