Legal & General Group Plc Has $23.51 Million Position in Aqua America Inc (WTR)
Legal & General Group Plc boosted its stake in shares of Aqua America Inc (NYSE:WTR) by 7.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 708,450 shares of the utilities provider’s stock after purchasing an additional 51,072 shares during the period. Legal & General Group Plc owned about 0.40% of Aqua America worth $23,513,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in WTR. Russell Investments Group Ltd. lifted its position in Aqua America by 12.2% during the second quarter. Russell Investments Group Ltd. now owns 24,327 shares of the utilities provider’s stock valued at $810,000 after purchasing an additional 2,650 shares in the last quarter. Great West Life Assurance Co. Can lifted its position in shares of Aqua America by 0.9% in the second quarter. Great West Life Assurance Co. Can now owns 107,654 shares of the utilities provider’s stock valued at $3,582,000 after acquiring an additional 1,004 shares in the last quarter. World Asset Management Inc lifted its position in shares of Aqua America by 2.3% in the second quarter. World Asset Management Inc now owns 11,273 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 250 shares in the last quarter. Sei Investments Co. lifted its position in shares of Aqua America by 11.8% in the second quarter. Sei Investments Co. now owns 13,210 shares of the utilities provider’s stock valued at $440,000 after acquiring an additional 1,398 shares in the last quarter. Finally, IFP Advisors Inc lifted its position in shares of Aqua America by 20.8% in the second quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock valued at $157,000 after acquiring an additional 809 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.
Shares of Aqua America Inc (NYSE WTR) traded up $0.35 during trading on Friday, hitting $38.18. The stock had a trading volume of 674,252 shares, compared to its average volume of 482,473. Aqua America Inc has a fifty-two week low of $29.41 and a fifty-two week high of $38.20. The stock has a market capitalization of $6,784.24, a P/E ratio of 28.71, a price-to-earnings-growth ratio of 4.43 and a beta of 0.59. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01.
Aqua America (NYSE:WTR) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. The company had revenue of $215.01 million for the quarter, compared to the consensus estimate of $234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.41 earnings per share. analysts forecast that Aqua America Inc will post 1.36 earnings per share for the current year.
The company also recently announced a dec 17 dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were given a $0.2047 dividend. The ex-dividend date of this dividend was Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio is currently 61.65%.
Several brokerages have recently commented on WTR. Robert W. Baird restated a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a research report on Wednesday, November 1st. Boenning Scattergood restated a “buy” rating and issued a $43.00 price objective on shares of Aqua America in a research report on Wednesday, November 1st. Wells Fargo & Company upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective on the stock in a research report on Thursday, October 19th. Zacks Investment Research downgraded Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Barclays boosted their price objective on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Friday, September 22nd. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $38.20.
In related news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction dated 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 directly owns 80,604 shares in the company, valued at $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, VP David Smeltzer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value of $363,600.00. Following the completion of the sale, the vice president now owns 71,397 shares in the company, valued at $2,595,994.92. The disclosure for this sale can be found here. Insiders purchased 75,500 shares of company stock worth $11,325 over the last quarter. 0.25% of the stock is 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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