Profund Advisors LLC Sells 3,199 Shares of Aqua America, Inc. (WTR)
Profund Advisors LLC lessened its holdings in Aqua America, Inc. (NYSE:WTR) by 8.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 33,640 shares of the utilities provider’s stock after selling 3,199 shares during the quarter. Profund Advisors LLC’s holdings in Aqua America were worth $1,120,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also made changes to their positions in WTR. BlackRock Inc. grew its holdings in Aqua America by 2,818.7% in the first quarter. BlackRock Inc. now owns 15,234,276 shares of the utilities provider’s stock worth $489,782,000 after purchasing an additional 14,712,330 shares during the period. Vanguard Group Inc. grew its holdings in Aqua America by 6.9% in the first quarter. Vanguard Group Inc. now owns 16,930,599 shares of the utilities provider’s stock worth $544,318,000 after purchasing an additional 1,095,878 shares during the period. Pictet Asset Management Ltd. grew its holdings in Aqua America by 21.0% in the second quarter. Pictet Asset Management Ltd. now owns 4,246,581 shares of the utilities provider’s stock worth $138,821,000 after purchasing an additional 735,706 shares during the period. State Street Corp grew its holdings in Aqua America by 4.6% in the first quarter. State Street Corp now owns 11,078,080 shares of the utilities provider’s stock worth $356,166,000 after purchasing an additional 482,723 shares during the period. Finally, Impax Asset Management LTD grew its holdings in Aqua America by 26.4% in the first quarter. Impax Asset Management LTD now owns 1,673,172 shares of the utilities provider’s stock worth $53,792,000 after purchasing an additional 349,580 shares during the period. Institutional investors and hedge funds own 51.02% of the company’s stock.
Shares of Aqua America, Inc. (NYSE:WTR) opened at 33.73 on Thursday. The stock has a market cap of $5.99 billion, a PE ratio of 25.75 and a beta of 0.53. The firm has a 50-day moving average of $33.80 and a 200-day moving average of $32.89. Aqua America, Inc. has a one year low of $28.03 and a one year high of $34.66.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting the 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 during the quarter, compared to analyst estimates of $208.28 million. During the same quarter in the previous year, the business posted $0.33 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities research analysts expect that Aqua America, Inc. will post $1.36 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th were issued a $0.2047 dividend. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.82 annualized dividend and a dividend yield of 2.43%. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. Aqua America’s payout ratio is currently 62.60%.
In other news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.46, for a total value of $430,715.54. Following the completion of the sale, the insider now owns 80,604 shares in the company, valued at approximately $2,777,613.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
A number of equities research analysts have weighed in on WTR shares. Robert W. Baird restated a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a report on Friday, August 25th. BidaskClub cut shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Finally, Northcoast Research started coverage on shares of Aqua America in a report on Thursday, May 25th. They issued a “neutral” rating on the stock. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $34.00.
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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