Sigma Planning Corp Increases Stock Holdings in Aqua America Inc (NYSE:WTR)

Sigma Planning Corp increased its holdings in Aqua America Inc (NYSE:WTR) by 29.0% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,394 shares of the utilities provider’s stock after acquiring an additional 5,028 shares during the quarter. Sigma Planning Corp’s holdings in Aqua America were worth $926,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in WTR. Nordea Investment Management AB lifted its stake in Aqua America by 12,238,028.6% in the first quarter. Nordea Investment Management AB now owns 856,669 shares of the utilities provider’s stock worth $31,218,000 after acquiring an additional 856,662 shares during the period. Artemis Investment Management LLP bought a new position in Aqua America in the second quarter worth $17,482,000. Amundi Pioneer Asset Management Inc. raised its holdings in Aqua America by 21.7% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,745,986 shares of the utilities provider’s stock worth $63,623,000 after purchasing an additional 311,577 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Aqua America by 101.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 478,360 shares of the utilities provider’s stock worth $19,790,000 after purchasing an additional 240,832 shares in the last quarter. Finally, Ellis Investment Partners LLC bought a new position in Aqua America in the first quarter worth $176,000. 49.58% of the stock is owned by institutional investors.

In other news, Director Daniel J. Hilferty III bought 1,153 shares of the stock in a transaction on Thursday, August 15th. The stock was acquired at an average cost of $43.35 per share, for a total transaction of $49,982.55. Following the acquisition, the director now owns 8,720 shares of the company’s stock, valued at $378,012. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.30% of the stock is owned by insiders.

A number of equities analysts have issued reports on the company. Janney Montgomery Scott reiterated a “buy” rating and issued a $44.00 price objective (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. Evercore ISI reiterated a “hold” rating and issued a $37.00 price objective on shares of Aqua America in a report on Sunday, August 11th. Argus raised their target price on Aqua America from $2.00 to $43.00 in a research report on Wednesday, June 5th. They noted that the move was a valuation call. UBS Group cut Aqua America from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $45.00 in a research report on Thursday, August 8th. They noted that the move was a valuation call. Finally, Macquarie set a $37.00 price objective on Aqua America and gave the company a “hold” rating in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have given a hold rating and five have assigned a buy rating to the stock. Aqua America has a consensus rating of “Hold” and an average target price of $41.40.

WTR traded up $0.55 during trading hours on Friday, reaching $44.28. 1,591,700 shares of the company’s stock traded hands, compared to its average volume of 1,239,194. The firm has a 50-day moving average price of $41.73 and a 200 day moving average price of $38.72. Aqua America Inc has a 52-week low of $32.09 and a 52-week high of $44.47. The company has a quick ratio of 0.29, a current ratio of 5.31 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $9.44 billion, a PE ratio of 31.40, a PEG ratio of 4.85 and a beta of 0.41.

Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). Aqua America had a net margin of 17.18% and a return on equity of 10.13%. The business had revenue of $218.90 million for the quarter, compared to analysts’ expectations of $221.07 million. During the same quarter in the previous year, the firm earned $0.37 EPS. Aqua America’s revenue was up 3.3% compared to the same quarter last year. Equities analysts predict that Aqua America Inc will post 1.47 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, September 1st. Investors of record on Friday, August 16th will be issued a dividend of $0.2343 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $0.94 dividend on an annualized basis and a yield of 2.12%. This is a boost from Aqua America’s previous quarterly dividend of $0.22. Aqua America’s payout ratio is presently 66.67%.

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 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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