SG Americas Securities LLC Has $573,000 Position in Aqua America Inc (WTR)

SG Americas Securities LLC lessened its position in shares of Aqua America Inc (NYSE:WTR) by 97.9% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,713 shares of the utilities provider’s stock after selling 715,213 shares during the quarter. SG Americas Securities LLC’s holdings in Aqua America were worth $573,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in WTR. Quadrant Capital Group LLC grew its position in shares of Aqua America by 1,099.5% in the first quarter. Quadrant Capital Group LLC now owns 2,555 shares of the utilities provider’s stock valued at $92,000 after purchasing an additional 2,342 shares during the period. Bank of Montreal Can grew its position in shares of Aqua America by 3.7% in the first quarter. Bank of Montreal Can now owns 70,848 shares of the utilities provider’s stock valued at $2,581,000 after purchasing an additional 2,547 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Aqua America by 69.9% in the first quarter. BNP Paribas Arbitrage SA now owns 63,748 shares of the utilities provider’s stock valued at $2,323,000 after purchasing an additional 26,231 shares during the period. Radnor Capital Management LLC grew its position in shares of Aqua America by 0.8% in the first quarter. Radnor Capital Management LLC now owns 86,617 shares of the utilities provider’s stock valued at $3,156,000 after purchasing an additional 700 shares during the period. Finally, Virginia Retirement Systems ET AL grew its position in shares of Aqua America by 3.8% in the first quarter. Virginia Retirement Systems ET AL now owns 49,300 shares of the utilities provider’s stock valued at $1,796,000 after purchasing an additional 1,800 shares during the period. Institutional investors own 46.42% of the company’s stock.

NYSE:WTR opened at $39.41 on Wednesday. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24. The stock has a market capitalization of $8.48 billion, a PE ratio of 27.95, a price-to-earnings-growth ratio of 4.41 and a beta of 0.48. Aqua America Inc has a twelve month low of $32.09 and a twelve month high of $39.61.

Aqua America (NYSE:WTR) last posted its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by ($0.02). The business had revenue of $201.10 million during the quarter, compared to analysts’ expectations of $201.17 million. Aqua America had a return on equity of 12.40% and a net margin of 18.71%. The business’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.29 earnings per share. On average, research analysts anticipate that Aqua America Inc will post 1.49 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Friday, May 17th will be paid a dividend of $0.219 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date is Thursday, May 16th. Aqua America’s dividend payout ratio (DPR) is presently 62.41%.

Several research firms have recently weighed in on WTR. Boenning Scattergood reissued a “buy” rating and issued a $43.00 price target on shares of Aqua America in a research note on Wednesday, January 30th. Janney Montgomery Scott reissued a “buy” rating and issued a $44.00 price target (up from $41.00) on shares of Aqua America in a research note on Monday, May 6th. They noted that the move was a valuation call. UBS Group raised shares of Aqua America from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $42.00 in a research note on Tuesday, March 19th. Zacks Investment Research downgraded shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, ValuEngine downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $39.57.

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About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water 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; and water and sewer line protection solutions, and repair services to households through third-party.

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Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

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