Haverford Trust Co. decreased its holdings in shares of Aqua America Inc (NYSE:WTR) by 4.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,635 shares of the utilities provider’s stock after selling 1,216 shares during the period. Haverford Trust Co.’s holdings in Aqua America were worth $861,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ruggie Capital Group acquired a new position in Aqua America during the fourth quarter worth $26,000. Resources Investment Advisors Inc. purchased a new stake in shares of Aqua America in the fourth quarter valued at about $34,000. Massey Quick Simon & CO. LLC raised its holdings in shares of Aqua America by 120.5% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,098 shares of the utilities provider’s stock valued at $40,000 after purchasing an additional 600 shares during the last quarter. Litman Gregory Asset Management LLC purchased a new stake in shares of Aqua America in the fourth quarter valued at about $48,000. Finally, INR Advisory Services LLC raised its holdings in shares of Aqua America by 66.7% in the fourth quarter. INR Advisory Services LLC now owns 1,437 shares of the utilities provider’s stock valued at $49,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors own 47.67% of the company’s stock.
WTR has been the subject of several analyst reports. Macquarie set a $37.00 target price on shares of Aqua America and gave the company a “hold” rating in a report on Monday, April 22nd. Janney Montgomery Scott reiterated a “buy” rating and issued a $44.00 target price (up previously from $41.00) on shares of Aqua America in a report on Monday, May 6th. They noted that the move was a valuation call. Boenning Scattergood reiterated a “buy” rating and issued a $43.00 target price on shares of Aqua America in a report on Wednesday, January 30th. Zacks Investment Research downgraded shares of Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Finally, UBS Group upgraded shares of Aqua America from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $42.00 in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. Aqua America currently has an average rating of “Hold” and a consensus price target of $39.57.
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 company had revenue of $201.10 million for the quarter, compared to the consensus estimate of $201.17 million. Aqua America had a net margin of 18.71% and a return on equity of 12.40%. Aqua America’s quarterly revenue was up 3.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Equities research analysts predict that Aqua America Inc will post 1.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Investors of record on Friday, May 17th will be given a dividend of $0.219 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $0.88 annualized dividend and a yield of 2.21%. Aqua America’s payout ratio is currently 62.41%.
Aqua America Profile
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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