Mutual of America Capital Management LLC Has $4.82 Million Stake in Aqua America, Inc. (WTR)
Mutual of America Capital Management LLC lifted its stake in shares of Aqua America, Inc. (NYSE:WTR) by 2.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,859 shares of the utilities provider’s stock after buying an additional 3,502 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Aqua America worth $4,824,000 at the end of the most recent reporting period.
Other institutional investors also recently made changes to their positions in the company. Benjamin F. Edwards & Company Inc. grew its position in shares of Aqua America by 10.6% during 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. IFP Advisors Inc boosted 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 valued at $157,000 after purchasing an additional 809 shares in the last quarter. Barrett Asset Management LLC acquired a new position in Aqua America in the second quarter valued at approximately $197,000. Huntington National Bank boosted its holdings 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 purchasing an additional 375 shares in the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in Aqua America in the second quarter valued at approximately $206,000. 51.02% of the stock is owned by institutional investors and hedge funds.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $34.46, for a total transaction of $430,715.54. Following the sale, the insider now directly owns 80,604 shares in the company, valued at approximately $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by insiders.
A number of equities analysts recently issued reports on the company. Barclays PLC upped their price target on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Friday. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Finally, Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 price target on shares of Aqua America in a report on Friday, August 25th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $34.67.
Aqua America, Inc. (NYSE:WTR) opened at 33.75 on Friday. The firm has a market capitalization of $6.00 billion, a P/E ratio of 25.76 and a beta of 0.53. Aqua America, Inc. has a one year low of $28.03 and a one year high of $34.66. The company has a 50-day moving average price of $33.80 and a 200-day moving average price of $32.89.
Aqua America (NYSE:WTR) last posted its quarterly earnings data 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 return on equity of 12.51% and a net margin of 28.59%. The company had revenue of $203.40 million for the quarter, compared to the consensus estimate of $208.28 million. During the same period in the previous year, the business earned $0.33 EPS. Aqua America’s revenue for the quarter was down .2% compared to the same quarter last year. On average, equities research analysts anticipate that Aqua America, Inc. will post $1.36 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th were issued a dividend of $0.2047 per share. The ex-dividend date was Monday, August 14th. This is an increase from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 annualized dividend and a yield of 2.43%. Aqua America’s payout ratio is currently 62.60%.
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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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