Aqua America Inc. (WTR) Now Covered by Robert W. Baird
Robert W. Baird assumed coverage on shares of Aqua America Inc. (NYSE:WTR) in a research note issued on Friday. The brokerage set a “neutral” rating and a $32.00 price target on the stock. Robert W. Baird’s price objective suggests a potential upside of 7.78% from the company’s previous close.
A number of other equities research analysts also recently commented on WTR. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Barclays PLC decreased their target price on Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 6th. Finally, Hilliard Lyons reissued an “underperform” rating and issued a $27.00 target price on shares of Aqua America in a research note on Wednesday, September 14th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $32.43.
Aqua America (NYSE:WTR) opened at 29.69 on Friday. The company has a 50 day moving average price of $30.35 and a 200-day moving average price of $32.26. The company has a market capitalization of $5.26 billion, a P/E ratio of 25.38 and a beta of 0.43. Aqua America has a 52 week low of $28.05 and a 52 week high of $35.83.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting analysts’ consensus estimates of $0.33. The business earned $203.88 million during the quarter, compared to the consensus estimate of $209.61 million. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The firm’s revenue was down .9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.32 earnings per share. On average, equities analysts anticipate that Aqua America will post $1.33 earnings per share for the current fiscal year.
In other news, Director Richard H. Glanton sold 4,650 shares of the company’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $31.20, for a total transaction of $145,080.00. Following the completion of the transaction, the director now directly owns 4,583 shares of the company’s stock, valued at $142,989.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.33% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. AMP Capital Investors Ltd raised its stake in Aqua America by 22.3% in the first quarter. AMP Capital Investors Ltd now owns 73,019 shares of the company’s stock valued at $2,333,000 after buying an additional 13,307 shares during the last quarter. Nuveen Asset Management LLC raised its stake in Aqua America by 598.1% in the first quarter. Nuveen Asset Management LLC now owns 499,314 shares of the company’s stock valued at $15,888,000 after buying an additional 427,794 shares during the last quarter. Hancock Holding Co. bought a new stake in Aqua America during the first quarter valued at about $2,435,000. Geode Capital Management LLC raised its stake in Aqua America by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,119,225 shares of the company’s stock valued at $35,613,000 after buying an additional 36,235 shares during the last quarter. Finally, UBS Group AG raised its stake in Aqua America by 16.4% in the first quarter. UBS Group AG now owns 390,164 shares of the company’s stock valued at $12,415,000 after buying an additional 54,968 shares during the last quarter. Institutional investors and hedge funds own 47.73% of the company’s stock.
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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