Aqua America (WTR) Rating Increased to Neutral at Hilliard Lyons
Aqua America (NYSE:WTR) was upgraded by investment analysts at Hilliard Lyons from an “underperform” rating to a “neutral” rating in a research note issued on Thursday.
Several other analysts also recently weighed in on the company. Wells Fargo & Company upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Thursday, October 19th. Barclays raised their target price on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. Robert W. Baird restated a “hold” rating and set a $32.00 target price on shares of Aqua America in a research note on Friday, August 25th. Finally, Zacks Investment Research downgraded Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Aqua America currently has an average rating of “Buy” and an average price target of $38.67.
Shares of Aqua America (NYSE:WTR) traded up $0.17 during trading on Thursday, hitting $37.76. The stock had a trading volume of 466,200 shares, compared to its average volume of 554,407. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $6,679.39, a P/E ratio of 28.26, a PEG ratio of 5.03 and a beta of 0.59. Aqua America has a 12 month low of $29.41 and a 12 month high of $38.44.
In other news, VP David Smeltzer sold 10,000 shares of the stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total transaction of $363,600.00. Following the transaction, the vice president now owns 71,397 shares of the company’s stock, valued at $2,595,994.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 108,500 shares of company stock worth $14,175 in the last ninety days. Corporate insiders own 0.25% of the company’s stock.
Hedge funds and other institutional investors have recently modified their holdings of the business. IFP Advisors Inc lifted its holdings in Aqua America by 20.8% in the second quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 809 shares during the last quarter. Headinvest LLC bought a new position in Aqua America in the third quarter worth about $203,000. Private Vista LLC bought a new position in Aqua America in the third quarter worth about $205,000. Eqis Capital Management Inc. bought a new position in Aqua America in the third quarter worth about $206,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Aqua America in the third quarter worth about $211,000. 51.60% of the stock is currently owned by hedge funds and other institutional investors.
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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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