Aqua America Inc. (WTR) Director Richard H. Glanton Sells 4,650 Shares
Aqua America Inc. (NYSE:WTR) Director Richard H. Glanton sold 4,650 shares of Aqua America stock in a transaction that occurred on Tuesday, September 27th. The stock was sold at an average price of $31.20, for a total value of $145,080.00. Following the sale, the director now directly owns 4,583 shares of the company’s stock, valued at $142,989.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Richard H. Glanton also recently made the following trade(s):
- On Thursday, September 8th, Richard H. Glanton sold 330 shares of Aqua America stock. The stock was sold at an average price of $31.10, for a total value of $10,263.00.
Aqua America Inc. (NYSE:WTR) opened at 30.89 on Friday. The company has a market cap of $5.48 billion, a price-to-earnings ratio of 26.40 and a beta of 0.42. The stock has a 50 day moving average price of $31.07 and a 200 day moving average price of $32.43. Aqua America Inc. has a 52 week low of $26.23 and a 52 week high of $35.83.
Aqua America (NYSE:WTR) last released its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. The company earned $203.88 million during the quarter, compared to analyst estimates of $209.61 million. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. Aqua America’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. On average, equities analysts forecast that Aqua America Inc. will post $1.33 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Stockholders of record on Thursday, August 18th were issued a $0.1913 dividend. The ex-dividend date of this dividend was Tuesday, August 16th. This is a positive change from Aqua America’s previous quarterly dividend of $0.18. This represents a $0.77 annualized dividend and a dividend yield of 2.48%. Aqua America’s dividend payout ratio is currently 66.38%.
Several analysts recently weighed in on the company. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a report on Wednesday. Hilliard Lyons reissued an “underperform” rating and set a $27.00 price target on shares of Aqua America in a report on Wednesday, September 14th. Finally, Barclays PLC dropped their price target on Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. Aqua America presently has an average rating of “Hold” and a consensus target price of $32.71.
Several institutional investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in Aqua America by 25.4% in the first quarter. JPMorgan Chase & Co. now owns 114,247 shares of the company’s stock valued at $3,635,000 after buying an additional 23,158 shares in the last quarter. BlackRock Fund Advisors raised its position in Aqua America by 1.1% in the first quarter. BlackRock Fund Advisors now owns 6,171,125 shares of the company’s stock valued at $196,365,000 after buying an additional 64,537 shares in the last quarter. BlackRock Group LTD raised its position in Aqua America by 0.5% in the first quarter. BlackRock Group LTD now owns 724,385 shares of the company’s stock valued at $23,052,000 after buying an additional 3,599 shares in the last quarter. BlackRock Inc. raised its position in Aqua America by 3.9% in the first quarter. BlackRock Inc. now owns 359,648 shares of the company’s stock valued at $11,444,000 after buying an additional 13,356 shares in the last quarter. Finally, EagleClaw Capital Managment LLC acquired a new position in Aqua America during the first quarter valued at about $202,000. 47.76% of the stock is owned by institutional investors.
Aqua America Company Profile
Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.
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