Aqua America, Inc. (WTR) Rating Reiterated by Boenning Scattergood
WTR has been the subject of a number of other reports. BidaskClub downgraded Aqua America from a buy rating to a hold rating in a research report on Thursday, July 6th. Robert W. Baird restated a hold rating and set a $32.00 price target on shares of Aqua America in a report on Friday, August 25th. Northcoast Research assumed coverage on Aqua America in a report on Thursday, May 25th. They set a neutral rating on the stock. Finally, Zacks Investment Research upgraded Aqua America from a sell rating to a hold rating in a report on Thursday, July 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $32.25.
Aqua America (WTR) opened at 34.14 on Tuesday. Aqua America has a 1-year low of $28.03 and a 1-year high of $34.41. The stock has a market capitalization of $6.07 billion, a P/E ratio of 26.06 and a beta of 0.53. The firm’s 50 day moving average is $33.69 and its 200 day moving average is $32.73.
Aqua America (NYSE:WTR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting analysts’ consensus estimates 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 return on equity of 12.51% and a net margin of 28.59%. The company’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. On average, equities research analysts anticipate that Aqua America will post $1.36 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Wednesday, August 16th were issued a dividend of $0.2047 per share. This represents a $0.82 annualized dividend and a yield of 2.40%. The ex-dividend date of this dividend was Monday, August 14th. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. Aqua America’s dividend payout ratio is presently 62.60%.
Large investors have recently added to or reduced their stakes in the stock. Thompson Davis & CO. Inc. raised its holdings in Aqua America by 4.2% during the 1st 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 during the period. IFP Advisors Inc raised its holdings in Aqua America by 1.4% during the 1st 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 during the period. Benjamin F. Edwards & Company Inc. raised its holdings in Aqua America by 10.6% during the 2nd 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 during the period. Barrett Asset Management LLC purchased a new stake in Aqua America during the 2nd quarter valued at $197,000. Finally, Huntington National Bank raised its holdings in Aqua America by 6.7% during the 2nd 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 during the period. Institutional investors own 51.04% of the company’s stock.
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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