Great West Life Assurance Co. Can lowered its stake in shares of Aqua America Inc (NYSE:WTR) by 2.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 106,857 shares of the utilities provider’s stock after selling 2,420 shares during the period. Great West Life Assurance Co. Can owned about 0.06% of Aqua America worth $3,759,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Tompkins Financial Corp purchased a new stake in shares of Aqua America during the second quarter worth about $128,000. Headinvest LLC acquired a new position in Aqua America during the second quarter worth about $201,000. Joel Isaacson & Co. LLC acquired a new position in Aqua America during the second quarter worth about $214,000. Oppenheimer & Co. Inc. acquired a new position in Aqua America during the second quarter worth about $222,000. Finally, Private Trust Co. NA acquired a new position in Aqua America during the second quarter worth about $240,000. 53.97% of the stock is owned by institutional investors and hedge funds.
A number of equities analysts recently weighed in on WTR shares. Zacks Investment Research lowered shares of Aqua America from a “hold” rating to a “sell” rating in a research report on Saturday, July 7th. Boenning Scattergood upgraded shares of Aqua America from a “neutral” rating to an “outperform” rating in a research report on Monday, August 20th. Evercore ISI started coverage on shares of Aqua America in a research report on Monday, September 17th. They set an “in-line” rating and a $37.00 price target on the stock. Finally, ValuEngine upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Wednesday, August 8th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Aqua America currently has a consensus rating of “Hold” and an average price target of $38.14.
NYSE:WTR traded up $0.30 on Friday, hitting $37.04. The stock had a trading volume of 211,288 shares, compared to its average volume of 574,756. The company has a debt-to-equity ratio of 1.09, a current ratio of 0.75 and a quick ratio of 0.68. The firm has a market capitalization of $6.57 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 4.95 and a beta of 0.33. Aqua America Inc has a 1-year low of $32.37 and a 1-year high of $39.55.
Aqua America (NYSE:WTR) last posted its earnings results on Wednesday, August 1st. The utilities provider reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.01. The company had revenue of $211.90 million for the quarter, compared to analyst estimates of $211.73 million. Aqua America had a net margin of 29.97% and a return on equity of 12.71%. Aqua America’s revenue was up 4.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.34 EPS. As a group, equities analysts anticipate that Aqua America Inc will post 1.4 earnings per share for the current fiscal year.
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.
Further Reading: What is the NASDAQ?
Receive News & Ratings for Aqua America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America and related companies with MarketBeat.com's FREE daily email newsletter.