Prime Capital Investment Advisors LLC acquired a new position in shares of Aqua America Inc (NYSE:WTR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,116 shares of the utilities provider’s stock, valued at approximately $50,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of WTR. 6 Meridian grew its position in Aqua America by 1.8% during the second quarter. 6 Meridian now owns 14,182 shares of the utilities provider’s stock worth $587,000 after buying an additional 244 shares in the last quarter. Haverford Trust Co. raised its position in shares of Aqua America by 1.1% during the 2nd quarter. Haverford Trust Co. now owns 23,885 shares of the utilities provider’s stock valued at $988,000 after acquiring an additional 250 shares during the last quarter. Clear Harbor Asset Management LLC raised its position in shares of Aqua America by 0.8% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 37,058 shares of the utilities provider’s stock valued at $1,533,000 after acquiring an additional 286 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Aqua America by 0.5% during the 2nd quarter. State Treasurer State of Michigan now owns 63,816 shares of the utilities provider’s stock valued at $2,640,000 after acquiring an additional 300 shares during the last quarter. Finally, CENTRAL TRUST Co grew its holdings in shares of Aqua America by 3.2% in the 3rd quarter. CENTRAL TRUST Co now owns 12,471 shares of the utilities provider’s stock valued at $559,000 after buying an additional 381 shares during the period. Institutional investors own 65.46% of the company’s stock.
Aqua America stock opened at $43.46 on Thursday. The stock has a market cap of $9.35 billion, a P/E ratio of 30.82, a P/E/G ratio of 4.88 and a beta of 0.33. The company has a quick ratio of 6.14, a current ratio of 6.19 and a debt-to-equity ratio of 0.75. Aqua America Inc has a twelve month low of $32.09 and a twelve month high of $46.90. The company’s 50-day moving average price is $45.06 and its two-hundred day moving average price is $42.37.
The firm also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be issued a dividend of $0.2343 per share. The ex-dividend date is Thursday, November 14th. This represents a $0.94 annualized dividend and a dividend yield of 2.16%. Aqua America’s dividend payout ratio is presently 66.67%.
Several equities analysts have recently issued reports on WTR shares. UBS Group lowered shares of Aqua America from a “buy” rating to a “neutral” rating and boosted their price target for the company from $42.00 to $45.00 in a report on Thursday, August 8th. They noted that the move was a valuation call. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating and set a $48.00 target price on the stock in a report on Saturday, October 12th. Evercore ISI reaffirmed a “hold” rating and issued a $37.00 target price on shares of Aqua America in a report on Sunday, August 11th. ValuEngine cut shares of Aqua America from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Finally, Wells Fargo & Co set a $47.00 target price on shares of Aqua America and gave the company a “hold” rating in a report on Tuesday, September 3rd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Aqua America currently has a consensus rating of “Buy” and a consensus price target of $46.09.
In other Aqua America news, Director Daniel J. Hilferty III bought 1,152 shares of the stock in a transaction dated Monday, September 9th. The shares were bought at an average cost of $43.38 per share, with a total value of $49,973.76. Following the completion of the acquisition, the director now owns 9,872 shares of the company’s stock, valued at $428,247.36. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.30% of the stock is currently owned by company insiders.
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.
Further Reading: Bid-Ask Spread
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