Aqua America Inc (NYSE:WTR) has earned a consensus recommendation of “Hold” from the ten brokerages that are covering the stock, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $36.80.
A number of research analysts have issued reports on WTR shares. UBS Group started coverage on shares of Aqua America in a report on Thursday, March 8th. They issued a “neutral” rating and a $36.00 target price on the stock. Boenning Scattergood restated a “neutral” rating on shares of Aqua America in a report on Tuesday, April 24th. ValuEngine upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Finally, Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th.
Shares of Aqua America opened at $35.18 on Friday, according to MarketBeat Ratings. The stock has a market capitalization of $6.26 billion, a P/E ratio of 25.68, a price-to-earnings-growth ratio of 4.71 and a beta of 0.44. Aqua America has a 52 week low of $32.30 and a 52 week high of $39.55. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.42 and a current ratio of 0.48.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Tuesday, May 8th. The utilities provider reported $0.29 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.29. The firm had revenue of $194.30 million for the quarter, compared to analysts’ expectations of $193.19 million. Aqua America had a net margin of 29.59% and a return on equity of 12.60%. The firm’s revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the company earned $0.28 EPS. equities research analysts expect that Aqua America will post 1.4 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in WTR. Alliancebernstein L.P. lifted its holdings in shares of 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. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Aqua America during the 4th quarter worth about $18,629,000. Allianz Asset Management GmbH lifted its holdings in shares of Aqua America by 102.2% during the 1st quarter. Allianz Asset Management GmbH now owns 819,855 shares of the utilities provider’s stock worth $27,924,000 after acquiring an additional 414,464 shares during the period. BlackRock Inc. lifted its holdings in shares of 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. Finally, Millennium Management LLC purchased a new position in shares of Aqua America during the 4th quarter worth about $8,101,000. Institutional investors and hedge funds own 54.24% of the company’s stock.
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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