Shares of Aqua America Inc (NYSE:WTR) have been given an average recommendation of “Hold” by the ten brokerages that are currently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $36.83.
WTR has been the topic of a number of recent research reports. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. Boenning Scattergood reaffirmed a “hold” rating on shares of Aqua America in a research note on Thursday, August 2nd. ValuEngine upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Finally, Evercore ISI initiated coverage on shares of Aqua America in a report on Monday. They issued an “in-line” rating and a $37.00 target price on the stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Tompkins Financial Corp acquired a new stake in Aqua America in the second quarter worth $128,000. City Holding Co. acquired a new stake in Aqua America in the second quarter worth $136,000. Envestnet Asset Management Inc. raised its holdings in Aqua America by 70.8% in the second quarter. Envestnet Asset Management Inc. now owns 4,295 shares of the utilities provider’s stock worth $151,000 after purchasing an additional 1,780 shares during the period. Headinvest LLC acquired a new stake in Aqua America in the second quarter worth $201,000. Finally, Planning Directions Inc. acquired a new stake in Aqua America in the second quarter worth $202,000. Institutional investors own 54.02% of the company’s stock.
Shares of WTR traded down $0.24 during mid-day trading on Wednesday, hitting $37.78. 8,179 shares of the company traded hands, compared to its average volume of 401,457. Aqua America has a one year low of $32.37 and a one year high of $39.55. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.75 and a quick ratio of 0.68. The stock has a market capitalization of $6.67 billion, a P/E ratio of 27.68, a price-to-earnings-growth ratio of 5.03 and a beta of 0.33.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.37 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.01. Aqua America had a net margin of 29.97% and a return on equity of 12.71%. The business had revenue of $211.90 million for the quarter, compared to analysts’ expectations of $211.73 million. During the same period in the prior year, the firm earned $0.34 earnings per share. Aqua America’s revenue was up 4.2% compared to the same quarter last year. analysts anticipate that Aqua America will post 1.4 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Saturday, September 1st. Shareholders of record on Friday, August 17th were issued a $0.219 dividend. The ex-dividend date was Thursday, August 16th. This is a positive change from Aqua America’s previous quarterly dividend of $0.20. This represents a $0.88 annualized dividend and a yield of 2.32%. Aqua America’s dividend payout ratio (DPR) is 64.23%.
About Aqua America
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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