Hoylecohen LLC acquired a new stake in shares of Aqua America Inc (NYSE:WTR) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 32,350 shares of the utilities provider’s stock, valued at approximately $1,269,000.
Several other hedge funds and other institutional investors also recently bought and sold shares of WTR. Taylor Hoffman Wealth Management acquired a new position in shares of Aqua America during the fourth quarter valued at approximately $139,000. Sigma Planning Corp acquired a new position in shares of Aqua America during the fourth quarter valued at approximately $200,000. Headinvest LLC acquired a new position in shares of Aqua America during the third quarter valued at approximately $203,000. Telemus Capital LLC acquired a new position in shares of Aqua America during the fourth quarter valued at approximately $204,000. Finally, Ironwood Investment Counsel LLC acquired a new position in shares of Aqua America during the fourth quarter valued at approximately $205,000. Institutional investors and hedge funds own 54.03% of the company’s stock.
A number of research analysts recently commented on WTR shares. Zacks Investment Research upgraded shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Monday, January 15th. UBS Group started coverage on shares of Aqua America in a research note on Thursday, March 8th. They set a “neutral” rating and a $36.00 price objective on the stock. Argus raised their price objective on shares of Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Finally, Wells Fargo & Co lowered shares of Aqua America from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $43.00 to $37.00 in a research note on Monday, February 26th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Aqua America currently has a consensus rating of “Hold” and a consensus target price of $38.29.
Shares of Aqua America Inc (WTR) opened at $33.71 on Thursday. The firm has a market cap of $5,974.19, a P/E ratio of 24.53, a P/E/G ratio of 3.98 and a beta of 0.48. Aqua America Inc has a 1-year low of $31.07 and a 1-year high of $39.55. The company has a current ratio of 0.46, a quick ratio of 0.41 and a debt-to-equity ratio of 1.03.
Aqua America (NYSE:WTR) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. The firm had revenue of $203.30 million during the quarter, compared to analysts’ expectations of $208.26 million. Aqua America had a net margin of 29.61% and a return on equity of 12.68%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm posted $0.28 earnings per share. equities research analysts predict that Aqua America Inc will post 1.41 EPS for the current fiscal year.
The firm also recently announced a mar 18 dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 16th were issued a dividend of $0.2047 per share. This represents a yield of 0.00579722458227131%. The ex-dividend date was Thursday, February 15th. Aqua America’s payout ratio is 60.74%.
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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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