Aqua America, Inc. (WTR) Shares Sold by Parametric Portfolio Associates LLC

Parametric Portfolio Associates LLC lessened its stake in Aqua America, Inc. (NYSE:WTR) by 5.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 289,193 shares of the utilities provider’s stock after selling 15,349 shares during the quarter. Parametric Portfolio Associates LLC owned 0.16% of Aqua America worth $9,630,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Investment Centers of America Inc. increased its holdings in shares of Aqua America by 0.4% in the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 27 shares in the last quarter. CAPROCK Group Inc. increased its holdings in shares of Aqua America by 0.4% in the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 30 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Aqua America by 0.7% in the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock valued at $337,000 after purchasing an additional 71 shares in the last quarter. Utah Retirement Systems increased its holdings in shares of Aqua America by 0.3% in the 1st quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock valued at $1,039,000 after purchasing an additional 100 shares in the last quarter. Finally, NEXT Financial Group Inc increased its holdings in shares of Aqua America by 2.3% in the 2nd quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 51.02% of the company’s stock.

In related news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.46, for a total transaction of $430,715.54. Following the sale, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.25% of the stock is owned by insiders.

Aqua America, Inc. (NYSE WTR) opened at 34.81 on Friday. The stock has a market cap of $6.18 billion, a P/E ratio of 26.57 and a beta of 0.54. Aqua America, Inc. has a one year low of $28.03 and a one year high of $35.15. The stock has a 50 day moving average of $33.89 and a 200-day moving average of $33.20.

Aqua America (NYSE:WTR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The business had revenue of $203.40 million for the quarter, compared to analysts’ expectations of $208.28 million. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Analysts anticipate that Aqua America, Inc. will post $1.36 EPS for the current year.

A number of brokerages have recently issued reports on WTR. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a report on Sunday, October 1st. Finally, Barclays PLC increased their price target on shares of Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $36.00.

TRADEMARK VIOLATION NOTICE: “Aqua America, Inc. (WTR) Shares Sold by Parametric Portfolio Associates LLC” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are rea

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Investment Centers of America Inc. increased its holdings in shares of Aqua America by 0.4% in the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 27 shares in the last quarter. CAPROCK Group Inc. increased its holdings in shares of Aqua America by 0.4% in the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock valued at $258,000 after purchasing an additional 30 shares in the last quarter. CENTRAL TRUST Co increased its holdings in shares of Aqua America by 0.7% in the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock valued at $337,000 after purchasing an additional 71 shares in the last quarter. Utah Retirement Systems increased its holdings in shares of Aqua America by 0.3% in the 1st quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock valued at $1,039,000 after purchasing an additional 100 shares in the last quarter. Finally, NEXT Financial Group Inc increased its holdings in shares of Aqua America by 2.3% in the 2nd quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 144 shares in the last quarter. Institutional investors and hedge funds own 51.02% of the company’s stock.

In related news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.46, for a total transaction of $430,715.54. Following the sale, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.25% of the stock is owned by insiders.

Aqua America, Inc. (NYSE WTR) opened at 34.81 on Friday. The stock has a market cap of $6.18 billion, a P/E ratio of 26.57 and a beta of 0.54. Aqua America, Inc. has a one year low of $28.03 and a one year high of $35.15. The stock has a 50 day moving average of $33.89 and a 200-day moving average of $33.20.

Aqua America (NYSE:WTR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The business had revenue of $203.40 million for the quarter, compared to analysts’ expectations of $208.28 million. During the same period in the previous year, the business earned $0.33 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Analysts anticipate that Aqua America, Inc. will post $1.36 EPS for the current year.

A number of brokerages have recently issued reports on WTR. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a report on Sunday, October 1st. Finally, Barclays PLC increased their price target on shares of Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday, September 22nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $36.00.

TRADEMARK VIOLATION NOTICE: “Aqua America, Inc. (WTR) Shares Sold by Parametric Portfolio Associates LLC” was reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this report on another website, it was copied illegally and reposted in violation of US and international copyright legislation. The correct version of this report can be accessed at https://ledgergazette.com/2017/10/14/aqua-america-inc-wtr-shares-sold-by-parametric-portfolio-associates-llc.html.

Aqua America Profile

Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).

Want to see what other hedge funds are holding WTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aqua America, Inc. (NYSE:WTR).

Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

Receive News & Ratings for Aqua America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply