Aqua America, Inc. (WTR) Shares Bought by NewSquare Capital LLC
NewSquare Capital LLC raised its position in shares of Aqua America, Inc. (NYSE:WTR) by 0.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 175,172 shares of the utilities provider’s stock after buying an additional 295 shares during the period. Aqua America accounts for approximately 1.4% of NewSquare Capital LLC’s investment portfolio, making the stock its 23rd largest position. NewSquare Capital LLC’s holdings in Aqua America were worth $5,833,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of WTR. Thompson Davis & CO. Inc. increased its stake in shares of Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock worth $106,000 after buying an additional 132 shares in the last quarter. IFP Advisors Inc increased its stake in shares of Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock worth $125,000 after buying an additional 53 shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in shares of Aqua America by 10.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock worth $149,000 after buying an additional 431 shares in the last quarter. Barrett Asset Management LLC acquired a new stake in shares of Aqua America during the second quarter worth $197,000. Finally, Huntington National Bank increased its stake in shares of Aqua America by 6.7% in the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock worth $199,000 after buying an additional 375 shares in the last quarter. 50.90% of the stock is currently owned by hedge funds and other institutional investors.
Aqua America, Inc. (WTR) opened at 33.70 on Tuesday. The company has a market capitalization of $5.99 billion, a price-to-earnings ratio of 25.73 and a beta of 0.52. Aqua America, Inc. has a 12 month low of $28.03 and a 12 month high of $34.41. The company’s 50-day moving average price is $33.30 and its 200 day moving average price is $32.29.
Aqua America (NYSE:WTR) last announced its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The company had revenue of $203.40 million during the quarter, compared to analyst estimates of $208.28 million. During the same period in the previous year, the business earned $0.33 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Analysts forecast that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th will be given a dividend of $0.2047 per share. This represents a $0.82 annualized dividend and a yield of 2.43%. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, August 14th. Aqua America’s dividend payout ratio is presently 58.78%.
A number of brokerages have recently commented on WTR. BidaskClub cut Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Zacks Investment Research cut Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, April 18th. Finally, Northcoast Research began coverage on Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Aqua America presently has a consensus rating of “Hold” and an average target price of $32.25.
In other Aqua America news, COO Richard Scott Fox sold 5,750 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total transaction of $189,117.50. Following the completion of the sale, the chief operating officer now directly owns 18,788 shares in the company, valued at $617,937.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Richard H. Glanton sold 4,200 shares of the company’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the sale, the director now owns 2,207 shares of the company’s stock, valued at $72,455.81. The disclosure for this sale can be found here. Corporate insiders own 0.25% of the company’s stock.
About Aqua America
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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