BRYN MAWR TRUST Co raised its position in Aqua America, Inc. (NYSE:WTR) by 220.2% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 109,427 shares of the utilities provider’s stock after acquiring an additional 75,255 shares during the period. BRYN MAWR TRUST Co owned about 0.06% of Aqua America worth $3,645,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Aqua America by 6.9% in the 1st 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 in the last quarter. BlackRock Inc. raised its holdings in shares of Aqua America by 2,818.7% in the 1st 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 in the last quarter. State Street Corp raised its holdings in shares of Aqua America by 4.6% in the 1st 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 in the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Aqua America by 21.0% in the 2nd quarter. Pictet Asset Management Ltd. now owns 4,246,581 shares of the utilities provider’s stock worth $138,821,000 after buying an additional 735,706 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Aqua America by 1.5% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,681,653 shares of the utilities provider’s stock worth $89,300,000 after buying an additional 40,655 shares in the last quarter. 51.02% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have recently issued reports on the company. Northcoast Research assumed coverage on Aqua America in a report on Thursday, May 25th. They issued a “neutral” rating for the company. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Boenning Scattergood reissued an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Finally, Robert W. Baird reissued a “hold” rating and issued a $32.00 target price on shares of Aqua America in a report on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $34.00.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $34.46, for a total transaction of $430,715.54. Following the completion of the transaction, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.25% of the stock is owned by insiders.
Aqua America, Inc. (NYSE WTR) traded up 0.18% during midday trading on Tuesday, reaching $33.85. The company had a trading volume of 37,883 shares. The company has a market capitalization of $6.01 billion, a PE ratio of 25.84 and a beta of 0.53. Aqua America, Inc. has a one year low of $28.03 and a one year high of $34.66. The stock’s 50 day moving average is $33.79 and its 200 day moving average is $32.88.
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 company had revenue of $203.40 million during the quarter, compared to the consensus estimate of $208.28 million. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was down .2% on a year-over-year basis. Equities research analysts forecast that Aqua America, Inc. will post $1.36 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th were given a dividend of $0.2047 per share. This is an increase from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 annualized dividend and a yield of 2.42%. The ex-dividend date of this dividend was Monday, August 14th. Aqua America’s payout ratio is currently 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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