Personal Capital Advisors Corp raised its holdings in shares of Aqua America Inc (NYSE:WTR) by 5.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 603,144 shares of the utilities provider’s stock after acquiring an additional 30,632 shares during the quarter. Personal Capital Advisors Corp owned approximately 0.34% of Aqua America worth $23,661,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of WTR. Headinvest LLC purchased a new position in Aqua America during the 3rd quarter valued at about $203,000. Private Vista LLC purchased a new position in Aqua America during the 3rd quarter valued at about $205,000. Eqis Capital Management Inc. purchased a new position in Aqua America during the 3rd quarter valued at about $206,000. IFP Advisors Inc increased its holdings in Aqua America by 31.8% during the 3rd quarter. IFP Advisors Inc now owns 6,196 shares of the utilities provider’s stock valued at $206,000 after acquiring an additional 1,495 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Aqua America during the 3rd quarter valued at about $211,000. Hedge funds and other institutional investors own 51.66% of the company’s stock.
Several equities analysts have weighed in on the stock. Zacks Investment Research upgraded shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a report on Monday. Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Argus lifted their price target 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. Robert W. Baird reiterated a “hold” rating and set a $32.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Finally, Boenning Scattergood reiterated a “buy” rating and set a $43.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Aqua America presently has an average rating of “Buy” and a consensus price target of $39.17.
In other news, VP David Smeltzer sold 10,000 shares of Aqua America 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 completion of the sale, the vice president now directly owns 71,397 shares in the company, valued at $2,595,994.92. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have bought 70,500 shares of company stock valued at $8,475. Insiders own 0.25% of the company’s stock.
Shares of Aqua America Inc (NYSE:WTR) traded up $0.33 during midday trading on Friday, hitting $35.72. 580,635 shares of the stock were exchanged, compared to its average volume of 798,700. The stock has a market capitalization of $6,350.00, a P/E ratio of 26.86, a PEG ratio of 4.49 and a beta of 0.59. Aqua America Inc has a 1-year low of $29.41 and a 1-year high of $39.55. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.01.
Aqua America (NYSE:WTR) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The business had revenue of $215.01 million during 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%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.41 earnings per share. analysts expect that Aqua America Inc will post 1.36 EPS for the current fiscal year.
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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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