TIAA CREF Investment Management LLC lowered its stake in Aqua America Inc (NYSE:WTR) by 9.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 281,079 shares of the utilities provider’s stock after selling 31,043 shares during the period. TIAA CREF Investment Management LLC owned 0.16% of Aqua America worth $11,027,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. New York State Common Retirement Fund raised its holdings in shares of Aqua America by 0.3% in the third quarter. New York State Common Retirement Fund now owns 501,400 shares of the utilities provider’s stock worth $16,641,000 after buying an additional 1,400 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of Aqua America by 1.9% in the fourth quarter. Bank of Montreal Can now owns 84,210 shares of the utilities provider’s stock worth $3,304,000 after buying an additional 1,605 shares during the last quarter. NewSquare Capital LLC raised its holdings in shares of Aqua America by 0.9% in the fourth quarter. NewSquare Capital LLC now owns 181,445 shares of the utilities provider’s stock worth $7,118,000 after buying an additional 1,638 shares during the last quarter. Ledyard National Bank raised its holdings in shares of Aqua America by 3.4% in the fourth quarter. Ledyard National Bank now owns 51,147 shares of the utilities provider’s stock worth $2,006,000 after buying an additional 1,690 shares during the last quarter. Finally, Texas Yale Capital Corp. raised its holdings in shares of Aqua America by 3.2% in the fourth quarter. Texas Yale Capital Corp. now owns 60,975 shares of the utilities provider’s stock worth $2,392,000 after buying an additional 1,875 shares during the last quarter. 53.85% of the stock is owned by institutional investors and hedge funds.
Shares of Aqua America stock opened at $33.69 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.46 and a quick ratio of 0.41. Aqua America Inc has a 1 year low of $31.18 and a 1 year high of $39.55. The firm has a market cap of $5,983.08, a P/E ratio of 24.59, a price-to-earnings-growth ratio of 3.98 and a beta of 0.44.
Aqua America (NYSE:WTR) last issued its earnings results on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Aqua America had a net margin of 29.61% and a return on equity of 12.68%. The firm had revenue of $203.30 million during the quarter, compared to analysts’ expectations of $208.26 million. During the same quarter last year, the company posted $0.28 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. equities analysts anticipate that Aqua America Inc will post 1.41 earnings per share for the current fiscal year.
Several research analysts recently issued reports on the stock. Hilliard Lyons raised shares of Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Argus raised 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. Zacks Investment Research cut shares of Aqua America from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Wells Fargo cut shares of Aqua America from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $43.00 to $37.00 in a report on Monday, February 26th. Finally, UBS assumed coverage on shares of Aqua America in a report on Thursday, March 8th. They set a “neutral” rating and a $36.00 target price for the company. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.29.
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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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