Good Life Advisors LLC boosted its position in shares of Aqua America Inc (NYSE:WTR) by 2.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,871 shares of the utilities provider’s stock after acquiring an additional 258 shares during the period. Good Life Advisors LLC’s holdings in Aqua America were worth $559,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of WTR. Strategic Blueprint LLC bought a new stake in shares of Aqua America in the 3rd quarter valued at approximately $28,000. Northern Oak Wealth Management Inc. bought a new stake in shares of Aqua America in the 3rd quarter valued at approximately $31,000. AdvisorNet Financial Inc grew its stake in shares of Aqua America by 305.0% in the 3rd quarter. AdvisorNet Financial Inc now owns 810 shares of the utilities provider’s stock valued at $36,000 after purchasing an additional 610 shares during the period. Garrett Wealth Advisory Group LLC bought a new stake in shares of Aqua America in the 3rd quarter valued at approximately $37,000. Finally, Corbenic Partners LLC bought a new stake in shares of Aqua America in the 4th quarter valued at approximately $43,000. Hedge funds and other institutional investors own 66.29% of the company’s stock.
Several equities research analysts have recently weighed in on WTR shares. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research note on Saturday, October 12th. Argus upped their price objective on Aqua America to $50.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Janney Montgomery Scott upped their price objective on Aqua America from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, October 7th. Finally, ValuEngine lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Aqua America presently has a consensus rating of “Hold” and an average target price of $46.80.
Shares of WTR traded up $0.22 on Friday, hitting $49.95. The company’s stock had a trading volume of 9,782 shares, compared to its average volume of 1,171,226. The company has a market capitalization of $10.82 billion, a PE ratio of 35.41, a PEG ratio of 4.92 and a beta of 0.32. The company has a debt-to-equity ratio of 0.75, a current ratio of 6.19 and a quick ratio of 6.14. Aqua America Inc has a fifty-two week low of $33.72 and a fifty-two week high of $49.76. The company has a 50 day moving average price of $46.04 and a 200 day moving average price of $44.21.
Aqua America (NYSE:WTR) last announced its earnings results on Monday, November 4th. The utilities provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The business had revenue of $243.60 million for the quarter, compared to the consensus estimate of $259.99 million. Aqua America had a return on equity of 8.81% and a net margin of 18.02%. Aqua America’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 EPS. On average, equities analysts forecast that Aqua America Inc will post 1.46 EPS for the current 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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