Robecosam AG increased its position in Aqua America Inc (NYSE:WTR) by 17.7% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 219,819 shares of the utilities provider’s stock after purchasing an additional 33,032 shares during the period. Robecosam AG owned about 0.12% of Aqua America worth $7,487,000 at the end of the most recent reporting period.
Other institutional investors have also recently bought and sold shares of the company. Taylor Hoffman Wealth Management acquired a new position in Aqua America in the 4th quarter worth approximately $139,000. Community Bank N.A. boosted its stake in Aqua America by 122.4% in the 1st quarter. Community Bank N.A. now owns 5,170 shares of the utilities provider’s stock worth $176,000 after purchasing an additional 2,845 shares during the period. Sigma Planning Corp acquired a new stake in shares of Aqua America during the 4th quarter valued at $200,000. First Republic Investment Management Inc. acquired a new stake in shares of Aqua America during the 4th quarter valued at $244,000. Finally, ING Groep NV acquired a new stake in shares of Aqua America during the 4th quarter valued at $267,000. 54.13% of the stock is owned by hedge funds and other institutional investors.
A number of equities research analysts have issued reports on WTR shares. Wells Fargo & Co lowered shares of Aqua America from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $43.00 to $37.00 in a research note on Monday, February 26th. UBS Group started coverage on shares of Aqua America in a research note on Thursday, March 8th. They set a “neutral” rating and a $36.00 target price for the company. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research note on Wednesday, May 30th. ValuEngine lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, May 10th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Aqua America in a research note on Wednesday, May 9th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Aqua America has a consensus rating of “Hold” and an average target price of $38.29.
Shares of NYSE:WTR traded up $0.21 during trading on Monday, reaching $33.72. 117,903 shares of the company traded hands, compared to its average volume of 552,187. The firm has a market capitalization of $5.96 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 4.49 and a beta of 0.44. Aqua America Inc has a 1-year low of $32.30 and a 1-year high of $39.55. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.05.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, May 8th. The utilities provider reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. The business had revenue of $194.30 million for the quarter, compared to the consensus estimate of $193.19 million. Aqua America had a net margin of 29.59% and a return on equity of 12.60%. Aqua America’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. equities research analysts expect that Aqua America Inc will post 1.4 earnings per share for the current fiscal year.
The firm also recently declared a jun 18 dividend, which was paid on Friday, June 1st. Stockholders of record on Friday, May 18th were issued a dividend of $0.2047 per share. The ex-dividend date of this dividend was Thursday, May 17th. This represents a dividend yield of 2.35%. Aqua America’s dividend payout ratio is currently 59.85%.
About Aqua America
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater 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.
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