Bluestein R H & Co. Holds Stake in Aqua America, Inc. (WTR)
Bluestein R H & Co. continued to hold its position in shares of Aqua America, Inc. (NYSE:WTR) during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 12,500 shares of the utilities provider’s stock at the end of the second quarter. Bluestein R H & Co.’s holdings in Aqua America were worth $416,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Investment Centers of America Inc. grew its holdings in Aqua America by 0.4% during the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock valued at $233,000 after buying an additional 27 shares in the last quarter. CAPROCK Group Inc. grew its holdings in Aqua America by 0.4% during the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock valued at $258,000 after buying an additional 30 shares in the last quarter. CENTRAL TRUST Co grew its holdings in Aqua America by 0.7% during the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock valued at $337,000 after buying an additional 71 shares in the last quarter. Utah Retirement Systems grew its holdings in Aqua America by 0.3% during the 1st quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock valued at $1,039,000 after buying an additional 100 shares in the last quarter. Finally, NEXT Financial Group Inc grew its holdings in Aqua America by 2.3% during the 2nd quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock valued at $216,000 after buying an additional 144 shares in the last quarter. Institutional investors and hedge funds own 51.02% of the company’s stock.
Several equities analysts have weighed in on WTR shares. 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. Robert W. Baird reiterated a “hold” rating and issued a $32.00 target price on shares of Aqua America in a report on Friday, August 25th. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Finally, Barclays PLC lifted their target price on Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $34.67.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of the firm’s stock in a transaction on Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the sale, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.25% of the stock is currently owned by company insiders.
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Aqua America, Inc. (NYSE WTR) opened at 33.75 on Friday. Aqua America, Inc. has a one year low of $28.03 and a one year high of $34.66. The stock has a market cap of $6.00 billion, a PE ratio of 25.76 and a beta of 0.53. The stock has a 50 day moving average price of $33.80 and a 200-day moving average price of $32.89.
Aqua America (NYSE:WTR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.34. The business had revenue of $203.40 million for the quarter, compared to analysts’ expectations of $208.28 million. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the firm earned $0.33 earnings per share. Equities research analysts expect that Aqua America, Inc. will post $1.36 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th were paid a $0.2047 dividend. This is a boost from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend was Monday, August 14th. Aqua America’s dividend payout ratio (DPR) is presently 62.60%.
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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