Millennium Management LLC purchased a new stake in Aqua America Inc (NYSE:WTR) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 206,512 shares of the utilities provider’s stock, valued at approximately $8,101,000. Millennium Management LLC owned about 0.12% of Aqua America at the end of the most recent reporting period.
Other hedge funds also recently made changes to their positions in the company. Capital Analysts LLC bought a new stake in shares of Aqua America in the 4th quarter valued at about $1,165,000. Ameriprise Financial Inc. increased its stake in Aqua America by 1.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 538,489 shares of the utilities provider’s stock worth $17,872,000 after purchasing an additional 6,437 shares in the last quarter. Personal Capital Advisors Corp increased its stake in Aqua America by 5.4% during the 4th quarter. Personal Capital Advisors Corp now owns 603,144 shares of the utilities provider’s stock worth $23,661,000 after purchasing an additional 30,632 shares in the last quarter. JPMorgan Chase & Co. increased its stake in Aqua America by 117.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 273,333 shares of the utilities provider’s stock worth $9,088,000 after purchasing an additional 147,528 shares in the last quarter. Finally, DE Burlo Group Inc. bought a new stake in Aqua America during the 4th quarter worth approximately $2,436,000. 53.85% of the stock is owned by institutional investors.
NYSE:WTR opened at $33.61 on Thursday. Aqua America Inc has a twelve month low of $31.18 and a twelve month 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. The company has a market cap of $6,009.74, a price-to-earnings ratio of 24.53, a PEG ratio of 4.00 and a beta of 0.44.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Aqua America had a return on equity of 12.68% and a net margin of 29.61%. The firm had revenue of $203.30 million during the quarter, compared to the consensus estimate of $208.26 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 3.3% on a year-over-year basis. sell-side analysts forecast that Aqua America Inc will post 1.41 earnings per share for the current fiscal year.
A number of research firms recently issued reports on WTR. UBS began coverage on Aqua America in a research note on Thursday, March 8th. They set a “neutral” rating and a $36.00 target price for the company. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Wells Fargo cut Aqua America from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $43.00 to $37.00 in a research note on Monday, February 26th. Argus increased their target price on Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Finally, Hilliard Lyons raised Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock 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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