Boulegeris Investments Inc. Increases Stake in Aqua America, Inc. (WTR)
Boulegeris Investments Inc. increased its position in Aqua America, Inc. (NYSE:WTR) by 24.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,754 shares of the utilities provider’s stock after buying an additional 3,450 shares during the period. Boulegeris Investments Inc.’s holdings in Aqua America were worth $591,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Thompson Davis & CO. Inc. increased its position in Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock valued at $106,000 after buying an additional 132 shares during the last quarter. IFP Advisors Inc increased its position in Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock valued at $125,000 after buying an additional 53 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its position in 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 valued at $149,000 after buying an additional 431 shares during the last quarter. Barrett Asset Management LLC acquired a new position in Aqua America during the second quarter valued at approximately $197,000. Finally, Huntington National Bank increased its position in Aqua America by 6.7% in the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock valued at $199,000 after buying an additional 375 shares during the last quarter. 51.04% of the stock is currently owned by institutional investors and hedge funds.
Aqua America, Inc. (NYSE WTR) opened at 34.00 on Tuesday. Aqua America, Inc. has a 52-week low of $28.03 and a 52-week high of $34.41. The firm’s 50-day moving average is $33.43 and its 200 day moving average is $32.50. The firm has a market capitalization of $6.04 billion, a P/E ratio of 25.95 and a beta of 0.52.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The firm had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. During the same period last year, the firm earned $0.33 earnings per share. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities analysts anticipate that Aqua America, Inc. will post $1.36 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th will be paid a $0.2047 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.42%. 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 (DPR) is 62.60%.
Several research firms have commented on WTR. BidaskClub downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Robert W. Baird reissued a “hold” rating and set a $32.00 target price on shares of Aqua America in a research report on Friday. Northcoast Research began coverage on shares of Aqua America in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Finally, Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $32.25.
In other Aqua America news, Director Richard H. Glanton sold 4,200 shares of the firm’s stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the transaction, the director now directly owns 2,207 shares of the company’s stock, valued at $72,455.81. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Richard Scott Fox sold 5,750 shares of the firm’s stock in a transaction on 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 transaction, the chief operating officer now directly owns 18,788 shares in the company, valued at $617,937.32. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by company insiders.
Aqua America Company 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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