Credit Suisse AG decreased its position in Aqua America, Inc. (NYSE:WTR) by 18.0% during the first quarter, according to its most recent filing with the SEC. The fund owned 163,947 shares of the utilities provider’s stock after selling 35,973 shares during the period. Credit Suisse AG’s holdings in Aqua America were worth $5,271,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake 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 buying an additional 1,095,878 shares during the last quarter. BlackRock Inc. boosted its stake 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 buying an additional 14,712,330 shares during the last quarter. State Street Corp boosted its stake 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 buying an additional 482,723 shares during the last quarter. Pictet Asset Management Ltd. boosted its stake in Aqua America by 6.8% in the first quarter. Pictet Asset Management Ltd. now owns 3,510,875 shares of the utilities provider’s stock worth $112,874,000 after buying an additional 223,716 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in Aqua America by 4.3% in the first quarter. Bank of New York Mellon Corp now owns 2,640,998 shares of the utilities provider’s stock worth $84,907,000 after buying an additional 109,809 shares during the last quarter. 50.27% of the stock is currently owned by hedge funds and other institutional investors.
Aqua America, Inc. (NYSE WTR) opened at 33.68 on Friday. The stock’s 50 day moving average is $33.20 and its 200-day moving average is $31.85. Aqua America, Inc. has a one year low of $28.03 and a one year high of $34.86. The firm has a market cap of $5.98 billion, a price-to-earnings ratio of 25.81 and a beta of 0.53.
Aqua America (NYSE:WTR) last released its earnings results on Wednesday, May 3rd. The utilities provider reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.02. Aqua America had a net margin of 28.41% and a return on equity of 12.62%. The business had revenue of $187.79 million for the quarter. On average, equities research analysts expect that Aqua America, Inc. will post $1.36 earnings per share for the current fiscal year.
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A number of brokerages have recently commented on WTR. Zacks Investment Research lowered shares of Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Finally, Northcoast Research began coverage on shares of Aqua America in a report on Thursday, May 25th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $32.25.
In related news, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the transaction, the director now owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total transaction of $189,117.50. Following the transaction, the chief operating officer now directly owns 18,788 shares in the company, valued at approximately $617,937.32. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.
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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