Teacher Retirement System of Texas Raises Stake in Aqua America, Inc. (WTR)
Teacher Retirement System of Texas boosted its stake in Aqua America, Inc. (NYSE:WTR) by 1.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 14,140 shares of the utilities provider’s stock after buying an additional 244 shares during the period. Teacher Retirement System of Texas’ holdings in Aqua America were worth $471,000 as of its most recent filing with the SEC.
Several other large investors have also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its stake in shares of Aqua America by 5.5% in the first quarter. Janney Montgomery Scott LLC now owns 91,685 shares of the utilities provider’s stock valued at $2,948,000 after buying an additional 4,814 shares in the last quarter. Clear Harbor Asset Management LLC boosted its stake in shares of Aqua America by 1.3% in the first quarter. Clear Harbor Asset Management LLC now owns 26,468 shares of the utilities provider’s stock valued at $851,000 after buying an additional 350 shares in the last quarter. Penobscot Investment Management Company Inc. boosted its stake in shares of Aqua America by 1.8% in the first quarter. Penobscot Investment Management Company Inc. now owns 18,975 shares of the utilities provider’s stock valued at $610,000 after buying an additional 330 shares in the last quarter. Mycio Wealth Partners LLC purchased a new stake in shares of Aqua America during the first quarter valued at $216,000. Finally, Mesirow Financial Investment Management Equity Management boosted its stake in shares of Aqua America by 23.2% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 44,555 shares of the utilities provider’s stock valued at $1,433,000 after buying an additional 8,400 shares in the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.
Shares of Aqua America, Inc. (WTR) opened at 33.56 on Monday. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $34.41. The stock has a market capitalization of $5.96 billion, a PE ratio of 25.62 and a beta of 0.52. The company’s 50 day moving average price is $33.32 and its 200-day moving average price is $32.36.
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 the Zacks’ consensus estimate of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The business had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. During the same period in the previous year, the firm posted $0.33 earnings per share. The company’s revenue was down .2% on a year-over-year basis. Equities research analysts predict that Aqua America, Inc. will post $1.36 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 16th will be issued a $0.2047 dividend. The ex-dividend date is Monday, August 14th. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a yield of 2.44%. Aqua America’s dividend payout ratio (DPR) is 62.60%.
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Several brokerages have weighed in on WTR. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Zacks Investment Research cut Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Finally, Northcoast Research began coverage on Aqua America in a report on Thursday, May 25th. They issued a “neutral” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $32.25.
In related news, COO Richard Scott Fox sold 5,750 shares of Aqua America stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total value of $189,117.50. Following the completion of the transaction, the chief operating officer now directly owns 18,788 shares in the company, valued at $617,937.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Richard H. Glanton sold 4,200 shares of Aqua America stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the completion of the transaction, the director now owns 2,207 shares of the company’s stock, valued at $72,455.81. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
About Aqua America
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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