Paloma Partners Management Co purchased a new position in Aqua America Inc (NYSE:WTR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 42,400 shares of the utilities provider’s stock, valued at approximately $1,663,000.
Several other large investors also recently modified their holdings of the stock. BlackRock Inc. increased its stake in shares of Aqua America by 2.0% in the fourth quarter. BlackRock Inc. now owns 15,709,669 shares of the utilities provider’s stock worth $616,290,000 after buying an additional 312,765 shares during the last quarter. Bank of New York Mellon Corp increased its stake in Aqua America by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 2,695,154 shares of the utilities provider’s stock valued at $89,451,000 after purchasing an additional 13,501 shares during the last quarter. Impax Asset Management LTD boosted its holdings in shares of Aqua America by 7.0% during the third quarter. Impax Asset Management LTD now owns 2,103,413 shares of the utilities provider’s stock valued at $69,812,000 after acquiring an additional 137,582 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of Aqua America by 898.2% during the fourth quarter. Alliancebernstein L.P. now owns 1,634,841 shares of the utilities provider’s stock valued at $64,135,000 after acquiring an additional 1,471,060 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Aqua America by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 1,535,047 shares of the utilities provider’s stock valued at $60,219,000 after acquiring an additional 36,814 shares during the period. Institutional investors and hedge funds own 53.85% of the company’s stock.
Aqua America Inc (WTR) opened at $33.26 on Friday. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.46 and a quick ratio of 0.41. The company has a market capitalization of $5,975.97, a price-to-earnings ratio of 24.64, a P/E/G ratio of 3.98 and a beta of 0.48. Aqua America Inc has a 12 month low of $31.18 and a 12 month high of $39.55.
Aqua America (NYSE:WTR) last announced its earnings results on Tuesday, February 27th. The utilities provider reported $0.32 EPS for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $203.30 million for the quarter, compared to analysts’ expectations of $208.26 million. Aqua America had a return on equity of 12.68% and a net margin of 29.61%. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 earnings per share. research analysts predict that Aqua America Inc will post 1.41 EPS for the current fiscal year.
The company also recently declared a mar 18 dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 16th were issued a $0.2047 dividend. This represents a yield of 0.00579722458227131%. The ex-dividend date of this dividend was Thursday, February 15th. Aqua America’s dividend payout ratio is 60.74%.
WTR has been the subject of several research analyst reports. Argus upped their price objective on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. UBS started coverage on shares of Aqua America in a research report on Thursday, March 8th. They issued a “neutral” rating and a $36.00 price target on the stock. Wells Fargo downgraded Aqua America from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $43.00 to $37.00 in a report on Monday, February 26th. Zacks Investment Research downgraded Aqua America from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Finally, Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aqua America currently has an average rating of “Hold” and an average target price of $38.29.
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Aqua America Company 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).
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