Boenning Scattergood restated their buy rating on shares of Aqua America (NYSE:WTR) in a research report released on Tuesday morning. The firm currently has a $43.00 target price on the utilities provider’s stock.
Several other equities analysts have also commented on the stock. ValuEngine lowered shares of Aqua America from a buy rating to a hold rating in a report on Saturday, October 27th. Macquarie set a $35.00 price objective on shares of Aqua America and gave the stock a hold rating in a report on Thursday, October 25th. Zacks Investment Research lowered shares of Aqua America from a buy rating to a hold rating in a report on Monday, October 22nd. Finally, Evercore ISI began coverage on shares of Aqua America in a report on Monday, September 17th. They issued an in-line rating and a $37.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $38.29.
Shares of WTR stock opened at $32.59 on Tuesday. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09. Aqua America has a one year low of $32.12 and a one year high of $39.55. The company has a market capitalization of $5.86 billion, a PE ratio of 23.79, a P/E/G ratio of 4.43 and a beta of 0.50.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Monday, November 5th. The utilities provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.43 by $0.01. Aqua America had a net margin of 29.97% and a return on equity of 12.71%. The firm had revenue of $226.10 million for the quarter, compared to analyst estimates of $238.86 million. During the same period in the prior year, the business posted $0.43 EPS. The business’s revenue for the quarter was up 5.2% compared to the same quarter last year. Equities analysts expect that Aqua America will post 1.39 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Friday, November 16th will be paid a dividend of $0.219 per share. This represents a $0.88 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, November 15th. Aqua America’s payout ratio is currently 64.23%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Tompkins Financial Corp purchased a new stake in Aqua America during the 2nd quarter worth approximately $128,000. Arlington Partners LLC purchased a new stake in Aqua America during the 3rd quarter worth approximately $138,000. City Holding Co. purchased a new stake in Aqua America during the 2nd quarter worth approximately $136,000. Envestnet Asset Management Inc. increased its stake in Aqua America by 70.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 4,295 shares of the utilities provider’s stock worth $151,000 after buying an additional 1,780 shares during the period. Finally, Stratos Wealth Partners LTD. purchased a new stake in Aqua America during the 3rd quarter worth approximately $179,000. 54.07% of the stock is currently owned by hedge funds and other institutional investors.
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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