Hoylecohen LLC purchased a new stake in Aqua America Inc (NYSE:WTR) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 32,350 shares of the utilities provider’s stock, valued at approximately $1,269,000.
A number of other hedge funds have also recently modified their holdings of the stock. Taylor Hoffman Wealth Management purchased a new stake in shares of Aqua America in the fourth quarter valued at $139,000. Sigma Planning Corp purchased a new stake in shares of Aqua America in the fourth quarter valued at $200,000. Headinvest LLC purchased a new stake in shares of Aqua America in the third quarter valued at $203,000. Telemus Capital LLC purchased a new stake in shares of Aqua America in the fourth quarter valued at $204,000. Finally, Ironwood Investment Counsel LLC acquired a new position in Aqua America in the fourth quarter valued at $205,000. 53.85% of the stock is owned by hedge funds and other institutional investors.
A number of research analysts recently weighed in on the company. UBS assumed coverage on Aqua America in a report on Thursday, March 8th. They issued a “neutral” rating and a $36.00 target price on the stock. Wells Fargo cut Aqua America from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $43.00 to $37.00 in a research note on Monday, February 26th. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Finally, Argus boosted their price target on Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.29.
NYSE:WTR opened at $33.69 on Friday. The company has a market cap of $5,983.08, a PE ratio of 24.59, a P/E/G ratio of 3.98 and a beta of 0.44. Aqua America Inc has a 52 week low of $31.18 and a 52 week high of $39.55. 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 (NYSE:WTR) last posted its earnings results on Tuesday, February 27th. The utilities provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Aqua America had a return on equity of 12.68% and a net margin of 29.61%. The company had revenue of $203.30 million during the quarter, compared to analyst estimates of $208.26 million. During the same period in the prior year, the company earned $0.28 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. equities research analysts anticipate that Aqua America Inc will post 1.41 EPS for the current year.
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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).
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