Aqua America’s (WTR) Hold Rating Reaffirmed at Robert W. Baird
Aqua America, Inc. (NYSE:WTR)‘s stock had its “hold” rating restated by equities research analysts at Robert W. Baird in a note issued to investors on Friday. They currently have a $32.00 target price on the utilities provider’s stock. Robert W. Baird’s price target points to a potential downside of 5.88% from the company’s previous close.
Several other equities analysts have also recently weighed in on WTR. BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Northcoast Research assumed coverage on shares of Aqua America in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. Aqua America currently has a consensus rating of “Hold” and a consensus price target of $32.25.
Shares of Aqua America (NYSE WTR) traded up 0.09% on Friday, hitting $34.00. The stock had a trading volume of 347,162 shares. The firm’s 50 day moving average is $33.43 and its 200-day moving average is $32.50. The stock has a market capitalization of $6.04 billion, a PE ratio of 25.95 and a beta of 0.52. Aqua America has a one year low of $28.03 and a one year high of $34.41.
Aqua America (NYSE:WTR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The business had revenue of $203.40 million for the quarter, compared to analysts’ expectations of $208.28 million. During the same quarter last year, the firm earned $0.33 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Equities research analysts expect that Aqua America will post $1.36 earnings per share for the current fiscal year.
In other Aqua America news, Director Richard H. Glanton sold 4,200 shares of Aqua America stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the transaction, the director now owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Richard Scott Fox sold 5,750 shares of Aqua America stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total transaction of $189,117.50. Following the transaction, the chief operating officer now directly owns 18,788 shares in the company, valued at approximately $617,937.32. The disclosure for this sale can be found here. 0.25% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of WTR. Thompson Davis & CO. Inc. boosted its position in Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock valued at $106,000 after buying an additional 132 shares in the last quarter. IFP Advisors Inc boosted its position in Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock valued at $125,000 after buying an additional 53 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Aqua America by 10.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock valued at $149,000 after buying an additional 431 shares in the last quarter. Barrett Asset Management LLC purchased a new position in Aqua America during the second quarter valued at approximately $197,000. Finally, Huntington National Bank boosted its position in Aqua America by 6.7% in the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock valued at $199,000 after buying an additional 375 shares in the last quarter. 50.90% of the stock is currently owned by hedge funds and other institutional investors.
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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