Aqua America Inc (NYSE:WTR) Shares Bought by Personal Capital Advisors Corp

Thursday, June 7 2018

Aqua America Inc (NYSE:WTR) Shares Bought by Personal Capital Advisors Corp

Aqua America Inc (NYSE:WTR) Shares Bought by Personal Capital Advisors Corp Posted by Paula Ricardo | Jun 7th, 2018
Personal Capital Advisors Corp grew its position in shares of Aqua America Inc (NYSE:WTR) by 3.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 625,037 shares of the utilities provider’s stock after purchasing an additional 21,893 shares during the quarter. Personal Capital Advisors Corp owned approximately 0.35% of Aqua America worth $21,289,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Taylor Hoffman Wealth Management bought a new position in shares of Aqua America during the 4th quarter valued at about $139,000. Sigma Planning Corp bought a new position in shares of Aqua America during the 4th quarter valued at about $200,000. Community Bank N.A. increased its position in shares of Aqua America by 122.4% during the 1st quarter. Community Bank N.A. now owns 5,170 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 2,845 shares during the last quarter. Telemus Capital LLC bought a new position in shares of Aqua America during the 4th quarter valued at about $204,000. Finally, Ironwood Investment Counsel LLC bought a new position in shares of Aqua America during the 4th quarter valued at about $205,000. Hedge funds and other institutional investors own 54.19% of the company’s stock. Get Aqua America alerts:
Aqua America opened at $33.70 on Thursday, according to MarketBeat.com . Aqua America Inc has a 1 year low of $32.30 and a 1 year high of $39.55. The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.42 and a current ratio of 0.48. The company has a market cap of $6.12 billion, a P/E ratio of 24.60, a P/E/G ratio of 4.60 and a beta of 0.44.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, May 8th. The utilities provider reported $0.29 earnings per share for the quarter, hitting the consensus estimate of $0.29. Aqua America had a return on equity of 12.60% and a net margin of 29.59%. The business had revenue of $194.30 million during the quarter, compared to analysts’ expectations of $193.19 million. During the same quarter last year, the business posted $0.28 EPS. The business’s revenue was up 3.5% on a year-over-year basis. research analysts forecast that Aqua America Inc will post 1.4 earnings per share for the current fiscal year.
The firm also recently disclosed a jun 18 dividend, which was paid on Friday, June 1st. Shareholders of record on Friday, May 18th were issued a $0.2047 dividend. This represents a yield of 2.35%. The ex-dividend date of this dividend was Thursday, May 17th. Aqua America’s dividend payout ratio (DPR) is currently 59.85%.
Several equities analysts recently issued reports on WTR shares. Wells Fargo & Co lowered Aqua America from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $43.00 to $37.00 in a research report on Monday, February 26th. UBS Group started coverage on Aqua America in a research report on Thursday, March 8th. They set a “neutral” rating and a $36.00 price target on the stock. Boenning Scattergood restated a “neutral” rating on shares of Aqua America in a research report on Tuesday, April 24th. ValuEngine upgraded Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, May 4th. Finally, Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a research report on Wednesday, May 30th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Aqua America presently has an average rating of “Hold” and an average target price of $38.29.
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. Receive News & Ratings for Aqua America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America and related companies with MarketBeat.com's FREE daily email newsletter . «