Aqua America, Inc. (WTR) Holdings Boosted by Carnegie Capital Asset Management LLC
Carnegie Capital Asset Management LLC boosted its holdings in shares of Aqua America, Inc. (NYSE:WTR) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,619 shares of the utilities provider’s stock after purchasing an additional 17 shares during the quarter. Carnegie Capital Asset Management LLC’s holdings in Aqua America were worth $727,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the business. Investment Centers of America Inc. boosted its position in Aqua America by 0.4% during the second quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock worth $233,000 after purchasing an additional 27 shares in the last quarter. CAPROCK Group Inc. boosted its position in Aqua America by 0.4% during the second quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock worth $258,000 after purchasing an additional 30 shares in the last quarter. CENTRAL TRUST Co boosted its position in Aqua America by 0.7% during the second quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock worth $337,000 after purchasing an additional 71 shares in the last quarter. Utah Retirement Systems boosted its position in Aqua America by 0.3% during the first quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock worth $1,039,000 after purchasing an additional 100 shares in the last quarter. Finally, NEXT Financial Group Inc boosted its position in Aqua America by 2.3% during the second quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock worth $216,000 after purchasing an additional 144 shares in the last quarter. Institutional investors own 51.02% of the company’s stock.
A number of equities analysts have issued reports on WTR shares. Zacks Investment Research downgraded Aqua America from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Barclays PLC increased their price target on Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Finally, Robert W. Baird reiterated a “hold” rating and set a $32.00 price target on shares of Aqua America in a research report on Friday, August 25th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Aqua America has a consensus rating of “Buy” and an average price target of $34.67.
Shares of Aqua America, Inc. (NYSE WTR) traded down 0.18% during trading on Friday, reaching $33.19. The company’s stock had a trading volume of 615,545 shares. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $34.66. The company has a 50 day moving average price of $33.80 and a 200 day moving average price of $32.89. The firm has a market capitalization of $5.90 billion, a P/E ratio of 25.34 and a beta of 0.53.
Aqua America (NYSE:WTR) last announced its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The company had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. During the same quarter in the previous year, the company earned $0.33 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts expect that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th were issued a $0.2047 dividend. This represents a $0.82 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date was Monday, August 14th. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. Aqua America’s payout ratio is currently 62.60%.
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In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the sale, the insider now owns 80,604 shares of the company’s stock, valued at approximately $2,777,613.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is currently owned by insiders.
Aqua America Profile
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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