City Holding Co. Holds Position in Aqua America Inc (WTR)
City Holding Co. held its stake in Aqua America Inc (NYSE:WTR) during the first quarter, Holdings Channel reports. The firm owned 3,862 shares of the utilities provider’s stock at the end of the first quarter. City Holding Co.’s holdings in Aqua America were worth $124,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in WTR. State Street Corp boosted its stake in Aqua America by 19.2% in the fourth quarter. State Street Corp now owns 10,595,357 shares of the utilities provider’s stock worth $318,285,000 after buying an additional 1,708,561 shares in the last quarter. BlackRock Fund Advisors boosted its stake in Aqua America by 4.1% in the third quarter. BlackRock Fund Advisors now owns 6,742,956 shares of the utilities provider’s stock worth $205,525,000 after buying an additional 266,824 shares in the last quarter. Northern Trust Corp boosted its stake in Aqua America by 2.6% in the third quarter. Northern Trust Corp now owns 1,664,605 shares of the utilities provider’s stock worth $50,737,000 after buying an additional 42,024 shares in the last quarter. Norges Bank purchased a new stake in Aqua America during the fourth quarter worth $37,655,000. Finally, Morgan Stanley boosted its stake in Aqua America by 1.2% in the third quarter. Morgan Stanley now owns 935,001 shares of the utilities provider’s stock worth $28,500,000 after buying an additional 10,790 shares in the last quarter. Institutional investors and hedge funds own 48.08% of the company’s stock.
Shares of Aqua America Inc (NYSE:WTR) traded down 0.18% during midday trading on Thursday, reaching $32.78. The company’s stock had a trading volume of 594,076 shares. Aqua America Inc has a 12 month low of $28.03 and a 12 month high of $35.83. The stock’s 50 day moving average is $31.94 and its 200 day moving average is $30.47. The stock has a market capitalization of $5.82 billion, a PE ratio of 24.83 and a beta of 0.46.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Wednesday, February 22nd. The utilities provider reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.29 by $0.01. Aqua America had a return on equity of 13.19% and a net margin of 25.97%. The firm had revenue of $196.80 million for the quarter, compared to analysts’ expectations of $208.27 million. During the same quarter in the previous year, the firm posted $0.16 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts forecast that Aqua America Inc will post $1.37 EPS for the current fiscal year.
WTR has been the topic of a number of research reports. Robert W. Baird restated a “neutral” rating and issued a $32.00 price target on shares of Aqua America in a report on Thursday, February 23rd. Barclays PLC restated a “hold” rating and issued a $33.00 price target on shares of Aqua America in a report on Friday, January 20th. Zacks Investment Research upgraded Aqua America from a “hold” rating to a “buy” rating and set a $34.00 price target on the stock in a report on Tuesday, January 3rd. Finally, Boenning Scattergood upgraded Aqua America from a “neutral” rating to an “outperform” rating in a report on Monday, March 13th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $32.25.
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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