Mitsubishi UFJ Asset Management UK Ltd. purchased a new position in shares of Aqua America Inc (NYSE:WTR) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,000 shares of the utilities provider’s stock, valued at approximately $282,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in WTR. Zimmer Partners LP purchased a new position in shares of Aqua America during the second quarter worth about $463,972,000. Vanguard Group Inc. grew its holdings in shares of Aqua America by 18.0% during the second quarter. Vanguard Group Inc. now owns 22,785,489 shares of the utilities provider’s stock worth $942,636,000 after buying an additional 3,475,241 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Aqua America by 19.0% during the second quarter. BlackRock Inc. now owns 20,422,783 shares of the utilities provider’s stock worth $844,892,000 after buying an additional 3,264,786 shares during the last quarter. Pictet Asset Management Ltd. grew its holdings in shares of Aqua America by 23.6% during the second quarter. Pictet Asset Management Ltd. now owns 6,096,454 shares of the utilities provider’s stock worth $252,210,000 after buying an additional 1,165,654 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Aqua America by 1,139.2% during the second quarter. Price T Rowe Associates Inc. MD now owns 1,084,411 shares of the utilities provider’s stock worth $44,862,000 after buying an additional 996,901 shares during the last quarter. 66.29% of the stock is currently owned by hedge funds and other institutional investors.
WTR has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research report on Saturday, October 12th. Janney Montgomery Scott raised their price objective on shares of Aqua America from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Monday, October 7th. Argus raised their price objective on shares of Aqua America to $50.00 and gave the company a “buy” rating in a research report on Monday, September 30th. Finally, ValuEngine downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $46.80.
Shares of WTR stock traded up $0.54 during midday trading on Friday, reaching $50.27. 298,731 shares of the company traded hands, compared to its average volume of 1,171,226. The firm’s 50 day simple moving average is $46.04 and its two-hundred day simple moving average is $44.21. Aqua America Inc has a 1-year low of $33.72 and a 1-year high of $49.76. The company has a debt-to-equity ratio of 0.75, a current ratio of 6.19 and a quick ratio of 6.14. The firm has a market cap of $10.82 billion, a PE ratio of 35.65, a price-to-earnings-growth ratio of 4.92 and a beta of 0.32.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. Aqua America had a return on equity of 8.81% and a net margin of 18.02%. The firm had revenue of $243.60 million during the quarter, compared to the consensus estimate of $259.99 million. During the same period in the previous year, the firm posted $0.44 EPS. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. As a group, research analysts anticipate that Aqua America Inc will post 1.46 earnings per share for the current fiscal year.
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.
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