Shares of Aqua America Inc (NYSE:WTR) have received an average rating of “Hold” from the eleven research firms that are covering the company, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $46.80.
WTR has been the topic of several recent research reports. Argus lifted their price objective on Aqua America to $50.00 and gave the stock a “buy” rating in a report on Monday, September 30th. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating and set a $48.00 target price for the company in a research note on Saturday, October 12th. ValuEngine lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Janney Montgomery Scott raised their target price on Aqua America from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Wells Fargo & Co set a $47.00 price target on shares of Aqua America and gave the stock a “hold” rating in a research note on Tuesday, September 3rd.
Hedge funds have recently added to or reduced their stakes in the company. Krane Funds Advisors LLC bought a new position in shares of Aqua America during the 2nd quarter worth approximately $25,000. Oakworth Capital Inc. acquired a new position in Aqua America during the second quarter worth $28,000. Strategic Blueprint LLC acquired a new position in Aqua America during the third quarter worth $28,000. Northern Oak Wealth Management Inc. bought a new position in shares of Aqua America during the third quarter valued at $31,000. Finally, Centersquare Investment Management LLC bought a new position in shares of Aqua America during the second quarter valued at $32,000. Institutional investors own 66.30% of the company’s stock.
NYSE WTR opened at $45.29 on Friday. Aqua America has a twelve month low of $32.16 and a twelve month high of $46.90. The stock has a market cap of $9.78 billion, a PE ratio of 32.12, a PEG ratio of 5.10 and a beta of 0.31. The firm has a 50-day simple moving average of $44.53 and a 200 day simple moving average of $43.00. The company has a debt-to-equity ratio of 0.75, a quick ratio of 6.14 and a current ratio of 6.19.
Aqua America (NYSE:WTR) last issued its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $243.60 million for the quarter, compared to analyst estimates of $259.99 million. Aqua America had a return on equity of 8.81% and a net margin of 18.02%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 earnings per share. Research analysts forecast that Aqua America will post 1.47 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Sunday, December 1st. Shareholders of record on Friday, November 15th were issued a dividend of $0.2343 per share. This represents a $0.94 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, November 14th. Aqua America’s payout ratio is 66.67%.
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 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; and water and sewer line protection solutions, and repair services to households through third-party.
Featured Article: What is a trade deficit?
Receive News & Ratings for Aqua America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America and related companies with MarketBeat.com's FREE daily email newsletter.