Aqua America, Inc. (WTR) Shares Bought by BB&T Securities LLC
BB&T Securities LLC raised its stake in shares of Aqua America, Inc. (NYSE:WTR) by 20.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,503 shares of the utilities provider’s stock after buying an additional 3,674 shares during the period. BB&T Securities LLC’s holdings in Aqua America were worth $715,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of WTR. Blair William & Co. IL acquired a new position in shares of Aqua America during the second quarter valued at about $832,000. Penobscot Investment Management Company Inc. increased its position in shares of Aqua America by 3.4% in the second quarter. Penobscot Investment Management Company Inc. now owns 19,615 shares of the utilities provider’s stock valued at $653,000 after buying an additional 640 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Aqua America by 61.7% in the second quarter. BNP Paribas Arbitrage SA now owns 72,359 shares of the utilities provider’s stock valued at $2,410,000 after buying an additional 27,620 shares during the last quarter. Comerica Bank increased its position in shares of Aqua America by 0.7% in the second quarter. Comerica Bank now owns 139,709 shares of the utilities provider’s stock valued at $4,640,000 after buying an additional 982 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Aqua America by 8.2% in the second quarter. Legal & General Group Plc now owns 657,378 shares of the utilities provider’s stock valued at $21,891,000 after buying an additional 49,584 shares during the last quarter. Hedge funds and other institutional investors own 51.04% of the company’s stock.
Shares of Aqua America, Inc. (NYSE:WTR) opened at 33.43 on Thursday. The stock’s 50 day moving average price is $33.43 and its 200-day moving average price is $32.50. The company has a market cap of $5.94 billion, a P/E ratio of 25.52 and a beta of 0.52. Aqua America, Inc. has a 52-week low of $28.03 and a 52-week high of $34.41.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. The firm had revenue of $203.40 million during the quarter, compared to the consensus estimate of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 earnings per share. Equities analysts expect that Aqua America, Inc. will post $1.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 16th will be paid a $0.2047 dividend. This is an increase from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a yield of 2.45%. The ex-dividend date of this dividend is Monday, August 14th. Aqua America’s dividend payout ratio is presently 62.60%.
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Several brokerages have issued reports on WTR. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a research report on Friday, August 25th. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Finally, Northcoast Research began coverage on Aqua America in a research report on Thursday, May 25th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Aqua America currently has an average rating of “Hold” and a consensus target price of $32.25.
In related news, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction dated 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 directly owns 2,207 shares of the company’s stock, valued at $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 the stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total transaction of $189,117.50. Following the completion of the transaction, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at $617,937.32. The disclosure for this sale can be found here. 0.25% of the stock is owned by corporate insiders.
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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