Several other equities analysts have also recently commented on WTR. Boenning Scattergood restated a buy rating and set a $43.00 price target on shares of Aqua America in a report on Tuesday. ValuEngine cut shares of Aqua America from a buy rating to a hold rating in a report on Saturday, October 27th. Macquarie set a $35.00 price target on shares of Aqua America and gave the company a hold rating in a report on Thursday, October 25th. Zacks Investment Research upgraded shares of Aqua America from a sell rating to a hold rating in a report on Monday, July 16th. Finally, Evercore ISI began coverage on shares of Aqua America in a report on Monday, September 17th. They set an in-line rating and a $37.00 price target on the stock. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $38.29.
NYSE WTR opened at $33.13 on Tuesday. Aqua America has a twelve month low of $32.12 and a twelve month high of $39.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.68 and a current ratio of 0.52. The company has a market cap of $5.90 billion, a price-to-earnings ratio of 23.34, a PEG ratio of 4.41 and a beta of 0.50.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Investors of record on Friday, November 16th will be issued a $0.219 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, November 15th. Aqua America’s dividend payout ratio is presently 64.23%.
A number of large investors have recently modified their holdings of WTR. Royal Bank of Canada boosted its holdings in Aqua America by 4.3% in the first quarter. Royal Bank of Canada now owns 215,463 shares of the utilities provider’s stock worth $7,340,000 after purchasing an additional 8,897 shares in the last quarter. Allianz Asset Management GmbH boosted its holdings in Aqua America by 102.2% in the first quarter. Allianz Asset Management GmbH now owns 819,855 shares of the utilities provider’s stock worth $27,924,000 after purchasing an additional 414,464 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Aqua America by 39.9% in the second quarter. State of Alaska Department of Revenue now owns 19,545 shares of the utilities provider’s stock worth $687,000 after purchasing an additional 5,570 shares in the last quarter. Mitchell Sinkler & Starr PA bought a new stake in Aqua America in the second quarter worth $769,000. Finally, Ledyard National Bank boosted its holdings in Aqua America by 3.7% in the second quarter. Ledyard National Bank now owns 54,866 shares of the utilities provider’s stock worth $1,931,000 after purchasing an additional 1,975 shares in the last quarter. Hedge funds and other institutional investors own 54.07% of the company’s stock.
Aqua America Company Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.
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