Mycio Wealth Partners LLC boosted its holdings in shares of Aqua America Inc (NYSE:WTR) by 4.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,151 shares of the utilities provider’s stock after purchasing an additional 613 shares during the period. Mycio Wealth Partners LLC’s holdings in Aqua America were worth $585,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bremer Bank National Association bought a new position in shares of Aqua America in the 1st quarter valued at $25,000. Signaturefd LLC lifted its stake in shares of Aqua America by 1,365.2% in the 1st quarter. Signaturefd LLC now owns 674 shares of the utilities provider’s stock valued at $25,000 after acquiring an additional 628 shares during the last quarter. Oakworth Capital Inc. bought a new position in shares of Aqua America in the 2nd quarter valued at $28,000. Norway Savings Bank bought a new position in shares of Aqua America in the 2nd quarter valued at $37,000. Finally, Financial Gravity Wealth Inc. lifted its stake in shares of Aqua America by 83.6% in the 2nd quarter. Financial Gravity Wealth Inc. now owns 909 shares of the utilities provider’s stock valued at $38,000 after acquiring an additional 414 shares during the last quarter. Hedge funds and other institutional investors own 52.76% of the company’s stock.
NYSE WTR traded down $0.43 on Thursday, reaching $43.76. The company had a trading volume of 16,564 shares, compared to its average volume of 1,281,629. The firm has a market cap of $9.54 billion, a price-to-earnings ratio of 31.25, a P/E/G ratio of 4.91 and a beta of 0.41. Aqua America Inc has a fifty-two week low of $32.09 and a fifty-two week high of $44.60. The business has a 50 day moving average of $42.04 and a two-hundred day moving average of $38.90. The company has a debt-to-equity ratio of 0.72, a current ratio of 5.31 and a quick ratio of 5.27.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). Aqua America had a net margin of 17.18% and a return on equity of 10.13%. The company had revenue of $218.90 million during the quarter, compared to analyst estimates of $221.07 million. During the same quarter in the previous year, the company earned $0.37 earnings per share. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts predict that Aqua America Inc will post 1.47 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Sunday, September 1st. Shareholders of record on Friday, August 16th will be issued a dividend of $0.2343 per share. This is an increase from Aqua America’s previous quarterly dividend of $0.22. This represents a $0.94 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date is Thursday, August 15th. Aqua America’s dividend payout ratio (DPR) is presently 66.67%.
In other Aqua America news, Director Daniel J. Hilferty III purchased 1,153 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of $43.35 per share, for a total transaction of $49,982.55. Following the acquisition, the director now owns 8,720 shares in the company, valued at approximately $378,012. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.30% of the company’s stock.
A number of brokerages have recently commented on WTR. Argus increased their price target on Aqua America from $2.00 to $43.00 in a research note on Wednesday, June 5th. They noted that the move was a valuation call. HSBC set a $46.00 price target on Aqua America and gave the company a “buy” rating in a research note on Friday, June 28th. UBS Group cut Aqua America from a “buy” rating to a “neutral” rating and increased their price target for the company from $42.00 to $45.00 in a research note on Thursday, August 8th. They noted that the move was a valuation call. Bank of America assumed coverage on Aqua America in a report on Monday, July 15th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $44.00 price objective (up from $41.00) on shares of Aqua America in a report on Monday, May 6th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have given a hold rating and five have issued a buy rating to the stock. Aqua America currently has a consensus rating of “Hold” and a consensus price target of $41.40.
Aqua America 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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