Aqua America Inc (NYSE:WTR) has been assigned an average recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $37.83.
WTR has been the subject of several research analyst reports. Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Zacks Investment Research upgraded shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price target for the company in a report on Monday, January 15th. Wells Fargo downgraded Aqua America from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $43.00 to $37.00 in a report on Monday, February 26th. Finally, UBS began coverage on Aqua America in a report on Thursday, March 8th. They issued a “neutral” rating and a $36.00 price objective for the company.
Shares of NYSE:WTR opened at $34.54 on Friday. The firm has a market cap of $5,938.64, a PE ratio of 25.21, a P/E/G ratio of 3.95 and a beta of 0.44. 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 has a 52-week low of $31.18 and a 52-week high of $39.55.
Aqua America (NYSE:WTR) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $203.30 million during the quarter, compared to the consensus estimate of $208.26 million. Aqua America had a net margin of 29.61% and a return on equity of 12.68%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.28 earnings per share. sell-side analysts anticipate that Aqua America will post 1.41 EPS for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Taylor Hoffman Wealth Management acquired a new stake in Aqua America in the fourth quarter valued at $139,000. Sigma Planning Corp acquired a new stake in Aqua America in the fourth quarter valued at $200,000. Telemus Capital LLC acquired a new stake in Aqua America in the fourth quarter valued at $204,000. Ironwood Investment Counsel LLC acquired a new stake in Aqua America in the fourth quarter valued at $205,000. Finally, Klingenstein Fields & Co. LLC acquired a new stake in Aqua America in the fourth quarter valued at $216,000. Institutional investors and hedge funds own 53.85% of the company’s stock.
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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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