NewSquare Capital LLC Acquires 781 Shares of Aqua America Inc. (WTR)
NewSquare Capital LLC raised its stake in Aqua America Inc. (NYSE:WTR) by 0.4% during the second quarter, Holdings Channel reports. The fund owned 191,718 shares of the company’s stock after buying an additional 781 shares during the period. Aqua America comprises about 1.6% of NewSquare Capital LLC’s holdings, making the stock its 11th largest position. NewSquare Capital LLC owned 0.11% of Aqua America worth $6,837,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Arcadia Investment Management Corp MI increased its stake in Aqua America by 5.1% in the second quarter. Arcadia Investment Management Corp MI now owns 4,150 shares of the company’s stock valued at $148,000 after buying an additional 200 shares during the last quarter. EagleClaw Capital Managment LLC acquired a new stake in Aqua America during the first quarter valued at approximately $202,000. Eqis Capital Management Inc. acquired a new stake in Aqua America during the second quarter valued at approximately $206,000. BB&T Securities LLC acquired a new stake in Aqua America during the first quarter valued at approximately $257,000. Finally, Independent Portfolio Consultants Inc. increased its stake in Aqua America by 9.2% in the second quarter. Independent Portfolio Consultants Inc. now owns 7,510 shares of the company’s stock valued at $268,000 after buying an additional 635 shares during the last quarter. 48.06% of the stock is owned by institutional investors.
Aqua America Inc. (NYSE:WTR) traded up 0.56% on Tuesday, hitting $30.67. 657,452 shares of the stock were exchanged. The stock has a market cap of $5.44 billion, a price-to-earnings ratio of 26.21 and a beta of 0.42. Aqua America Inc. has a 12 month low of $25.80 and a 12 month high of $35.83. The company has a 50-day moving average of $31.45 and a 200-day moving average of $32.46.
Aqua America (NYSE:WTR) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. Aqua America had a net margin of 25.44% and a return on equity of 13.05%. The company earned $203.88 million during the quarter, compared to analysts’ expectations of $209.61 million. During the same period last year, the company posted $0.32 EPS. Aqua America’s revenue was down .9% on a year-over-year basis. On average, equities analysts predict that Aqua America Inc. will post $1.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Thursday, August 18th were given a dividend of $0.1913 per share. This is a boost from Aqua America’s previous quarterly dividend of $0.18. This represents a $0.77 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date was Tuesday, August 16th. Aqua America’s dividend payout ratio (DPR) is 66.38%.
Several research firms have recently commented on WTR. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Barclays PLC decreased their target price on shares of Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a research report on Tuesday, September 6th. Finally, Hilliard Lyons reaffirmed an “underperform” rating and issued a $27.00 price objective on shares of Aqua America in a research report on Wednesday, September 14th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $31.94.
About Aqua America
Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.
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