Rockland Trust Co. increased its stake in shares of Aqua America Inc (NYSE:WTR) by 6.1% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 373,739 shares of the utilities provider’s stock after buying an additional 21,582 shares during the period. Aqua America accounts for about 1.9% of Rockland Trust Co.’s portfolio, making the stock its 18th largest position. Rockland Trust Co.’s holdings in Aqua America were worth $12,016,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in WTR. Sei Investments Co. boosted its stake in shares of Aqua America by 15.6% in the third quarter. Sei Investments Co. now owns 3,461 shares of the utilities provider’s stock valued at $106,000 after buying an additional 466 shares during the last quarter. UBS Asset Management Americas Inc. boosted its stake in Aqua America by 2.7% in the third quarter. UBS Asset Management Americas Inc. now owns 138,876 shares of the utilities provider’s stock worth $4,232,000 after buying an additional 3,600 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Aqua America by 107.9% in the third quarter. Victory Capital Management Inc. now owns 37,051 shares of the utilities provider’s stock worth $1,129,000 after buying an additional 19,232 shares in the last quarter. TD Asset Management Inc. acquired a new stake in Aqua America during the third quarter worth $242,000. Finally, NEXT Financial Group Inc boosted its stake in Aqua America by 80.0% in the third quarter. NEXT Financial Group Inc now owns 19,455 shares of the utilities provider’s stock worth $593,000 after buying an additional 8,648 shares in the last quarter. Institutional investors and hedge funds own 48.08% of the company’s stock.
Aqua America Inc (NYSE:WTR) traded down 0.18% during mid-day trading on Thursday, reaching $32.78. The company’s stock had a trading volume of 633,187 shares. Aqua America Inc has a 1-year low of $28.03 and a 1-year high of $35.83. The stock has a market capitalization of $5.82 billion, a P/E ratio of 24.83 and a beta of 0.46. The stock’s 50 day moving average price is $31.94 and its 200 day moving average price is $30.47.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Wednesday, February 22nd. The utilities provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.01. The business had revenue of $196.80 million for the quarter, compared to analyst estimates of $208.27 million. Aqua America had a return on equity of 13.19% and a net margin of 25.97%. Aqua America’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the company earned $0.16 EPS. Analysts expect that Aqua America Inc will post $1.37 EPS for the current fiscal year.
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A number of analysts have weighed in on the company. Zacks Investment Research cut Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday. Barclays PLC upgraded Aqua America from an “equal weight” rating to an “overweight” rating and raised their price target for the company from $33.00 to $36.00 in a research note on Friday, March 17th. Boenning Scattergood upgraded Aqua America from a “neutral” rating to an “outperform” rating in a research note on Monday, March 13th. Finally, Robert W. Baird restated a “neutral” rating and issued a $32.00 price target on shares of Aqua America in a research note on Thursday, February 23rd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.25.
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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