Cape Cod Five Cents Savings Bank maintained its stake in Aqua America, Inc. (NYSE:WTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,590 shares of the utilities provider’s stock at the end of the second quarter. Cape Cod Five Cents Savings Bank’s holdings in Aqua America were worth $320,000 as of its most recent filing with the SEC.
A number of other large investors have also bought and sold shares of WTR. Oregon Public Employees Retirement Fund raised its stake in Aqua America by 4.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 65,267 shares of the utilities provider’s stock valued at $2,173,000 after buying an additional 2,790 shares during the last quarter. CENTRAL TRUST Co raised its stake in Aqua America by 0.7% in the second 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 during the last quarter. Ledyard National Bank raised its stake in Aqua America by 63.8% in the second quarter. Ledyard National Bank now owns 38,637 shares of the utilities provider’s stock valued at $1,287,000 after buying an additional 15,055 shares during the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in Aqua America by 0.4% in the second quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 41,673 shares of the utilities provider’s stock valued at $1,388,000 after buying an additional 167 shares during the last quarter. Finally, Creative Planning raised its stake in Aqua America by 6.3% in the second quarter. Creative Planning now owns 35,933 shares of the utilities provider’s stock valued at $1,197,000 after buying an additional 2,134 shares during the last quarter. 50.44% of the stock is currently owned by institutional investors and hedge funds.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $208.28 million. During the same period last year, the business earned $0.33 EPS. The company’s revenue was down .2% compared to the same quarter last year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be issued a $0.2047 dividend. This is a boost from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.43%. The ex-dividend date is Monday, August 14th. Aqua America’s dividend payout ratio (DPR) is currently 58.78%.
ILLEGAL ACTIVITY WARNING: This piece of content was first published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international trademark and copyright legislation. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2017/08/07/cape-cod-five-cents-savings-bank-has-320000-stake-in-aqua-america-inc-wtr-updated-updated.html.
Several research firms recently commented on WTR. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub cut shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Finally, Northcoast Research assumed coverage on shares of Aqua America in a report on Thursday, May 25th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $32.25.
In other news, Director Richard H. Glanton sold 4,200 shares of the firm’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the sale, the director now directly owns 2,207 shares in the company, valued at approximately $72,455.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Richard Scott Fox sold 5,750 shares of Aqua America stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total transaction of $189,117.50. Following the completion of the sale, the chief operating officer now owns 18,788 shares of the company’s stock, valued at $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).
Receive News & Ratings for Aqua America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
