Charter Trust Co. decreased its holdings in Aqua America Inc (NYSE:WTR) by 13.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,510 shares of the utilities provider’s stock after selling 1,592 shares during the period. Charter Trust Co.’s holdings in Aqua America were worth $370,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its holdings in Aqua America by 5.8% in the second quarter. Dimensional Fund Advisors LP now owns 932,286 shares of the utilities provider’s stock worth $32,799,000 after buying an additional 50,799 shares during the period. Legal & General Group Plc increased its stake in shares of Aqua America by 10.0% during the second quarter. Legal & General Group Plc now owns 917,850 shares of the utilities provider’s stock valued at $32,290,000 after purchasing an additional 83,174 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in shares of Aqua America during the second quarter valued at approximately $222,000. BlackRock Inc. increased its stake in shares of Aqua America by 2.0% during the second quarter. BlackRock Inc. now owns 16,406,497 shares of the utilities provider’s stock valued at $577,180,000 after purchasing an additional 319,413 shares in the last quarter. Finally, Headinvest LLC bought a new position in shares of Aqua America during the second quarter valued at approximately $201,000. Institutional investors own 54.02% of the company’s stock.
A number of equities analysts have weighed in on WTR shares. ValuEngine raised shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Boenning Scattergood reaffirmed a “hold” rating on shares of Aqua America in a research note on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $38.29.
NYSE:WTR opened at $37.83 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.09. Aqua America Inc has a 12 month low of $32.37 and a 12 month high of $39.55. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 27.61, a P/E/G ratio of 5.03 and a beta of 0.33.
Aqua America (NYSE:WTR) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $211.90 million during the quarter, compared to the consensus estimate of $211.73 million. Aqua America had a net margin of 29.97% and a return on equity of 12.71%. The firm’s revenue was up 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.34 EPS. sell-side analysts forecast that Aqua America Inc will post 1.4 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Friday, August 17th were paid a dividend of $0.219 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Thursday, August 16th. This is a boost from Aqua America’s previous quarterly dividend of $0.20. Aqua America’s dividend payout ratio (DPR) is currently 64.23%.
Aqua America Company Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.
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