Sei Investments Co. boosted its holdings in shares of Aqua America Inc (NYSE:WTR) by 52.8% in the first quarter, according to its most recent filing with the SEC. The firm owned 24,556 shares of the utilities provider’s stock after acquiring an additional 8,488 shares during the period. Sei Investments Co.’s holdings in Aqua America were worth $837,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BlackRock Inc. grew its holdings in Aqua America by 2.4% during the 1st quarter. BlackRock Inc. now owns 16,087,084 shares of the utilities provider’s stock worth $547,925,000 after acquiring an additional 377,415 shares during the period. Northern Trust Corp grew its holdings in Aqua America by 7.9% during the 1st quarter. Northern Trust Corp now owns 2,071,439 shares of the utilities provider’s stock worth $70,553,000 after acquiring an additional 151,778 shares during the period. Alliancebernstein L.P. grew its holdings in Aqua America by 898.2% during the 4th quarter. Alliancebernstein L.P. now owns 1,634,841 shares of the utilities provider’s stock worth $64,135,000 after acquiring an additional 1,471,060 shares during the period. Geode Capital Management LLC grew its holdings in Aqua America by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 1,535,047 shares of the utilities provider’s stock worth $60,219,000 after acquiring an additional 36,814 shares during the period. Finally, Deutsche Bank AG grew its holdings in Aqua America by 7.7% during the 4th quarter. Deutsche Bank AG now owns 1,425,331 shares of the utilities provider’s stock worth $55,911,000 after acquiring an additional 101,922 shares during the period. 54.24% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have commented on WTR shares. UBS Group started 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. Boenning Scattergood reaffirmed a “neutral” rating on shares of Aqua America in a report on Tuesday, April 24th. ValuEngine raised shares of Aqua America from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $38.29.
Shares of Aqua America opened at $35.18 on Friday, Marketbeat.com reports. Aqua America Inc has a 12-month low of $32.30 and a 12-month high of $39.55. The firm has a market capitalization of $6.27 billion, a PE ratio of 25.68, a PEG ratio of 4.72 and a beta of 0.44. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.48 and a quick ratio of 0.42.
Aqua America (NYSE:WTR) last announced its quarterly earnings results on Tuesday, May 8th. The utilities provider reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Aqua America had a net margin of 29.59% and a return on equity of 12.60%. The company had revenue of $194.30 million during the quarter, compared to analyst estimates of $193.19 million. During the same quarter in the previous year, the business earned $0.28 EPS. The firm’s revenue was up 3.5% on a year-over-year basis. equities analysts expect that Aqua America Inc will post 1.4 EPS for the current fiscal year.
The company also recently declared a jun 18 dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were issued a $0.2047 dividend. This represents a dividend yield of 2.35%. The ex-dividend date was Thursday, May 17th. Aqua America’s dividend payout ratio (DPR) is 59.85%.
Aqua America Company Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.
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