Hoylecohen LLC acquired a new position in shares of Aqua America Inc (NYSE:WTR) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 32,350 shares of the utilities provider’s stock, valued at approximately $1,269,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Aqua America by 23.3% during the third quarter. Sei Investments Co. now owns 16,284 shares of the utilities provider’s stock worth $541,000 after acquiring an additional 3,074 shares during the period. Capital Analysts LLC acquired a new stake in Aqua America during the fourth quarter worth about $1,165,000. Ameriprise Financial Inc. raised its stake in Aqua America by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 538,489 shares of the utilities provider’s stock worth $17,872,000 after acquiring an additional 6,437 shares during the period. Personal Capital Advisors Corp raised its stake in Aqua America by 5.4% during the fourth quarter. Personal Capital Advisors Corp now owns 603,144 shares of the utilities provider’s stock worth $23,661,000 after acquiring an additional 30,632 shares during the period. Finally, Jackson Wealth Management LLC raised its stake in Aqua America by 30.9% during the third quarter. Jackson Wealth Management LLC now owns 19,641 shares of the utilities provider’s stock worth $679,000 after acquiring an additional 4,636 shares during the period. Hedge funds and other institutional investors own 54.03% of the company’s stock.
Several equities research analysts recently weighed in on WTR shares. Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Argus increased their price objective on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Zacks Investment Research upgraded shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a research note on Monday, January 15th. Wells Fargo & Co lowered shares of Aqua America from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $43.00 to $37.00 in a research note on Monday, February 26th. Finally, UBS Group started coverage on shares of Aqua America in a research note on Thursday, March 8th. They set a “neutral” rating and a $36.00 price objective on the stock. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.29.
Aqua America (NYSE:WTR) last announced its quarterly earnings results on Tuesday, February 27th. The utilities provider reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. Aqua America had a net margin of 29.61% and a return on equity of 12.68%. The company had revenue of $203.30 million for the quarter, compared to analyst estimates of $208.26 million. During the same quarter last year, the business earned $0.28 earnings per share. Aqua America’s revenue was up 3.3% compared to the same quarter last year. equities research analysts forecast that Aqua America Inc will post 1.41 EPS for the current fiscal year.
The company also recently declared a mar 18 dividend, which was paid on Thursday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.2047 dividend. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 0.00579722458227131%. Aqua America’s payout ratio is currently 60.74%.
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Aqua America 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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