Northern Trust Corp Has $69.34 Million Stake in Aqua America, Inc. (WTR)
Northern Trust Corp lifted its stake in Aqua America, Inc. (NYSE:WTR) by 0.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,082,163 shares of the utilities provider’s stock after buying an additional 3,106 shares during the period. Northern Trust Corp owned about 1.17% of Aqua America worth $69,336,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Boulegeris Investments Inc. lifted its position in shares of Aqua America by 24.1% during the 2nd quarter. Boulegeris Investments Inc. now owns 17,754 shares of the utilities provider’s stock worth $591,000 after buying an additional 3,450 shares during the period. Geode Capital Management LLC boosted its stake in Aqua America by 7.3% in the 1st quarter. Geode Capital Management LLC now owns 1,397,830 shares of the utilities provider’s stock valued at $44,940,000 after buying an additional 95,204 shares in the last quarter. Blair William & Co. IL acquired a new stake in Aqua America in the 2nd quarter valued at $832,000. Legal & General Group Plc boosted its stake in Aqua America by 25.0% in the 1st quarter. Legal & General Group Plc now owns 607,794 shares of the utilities provider’s stock valued at $19,540,000 after buying an additional 121,405 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Aqua America by 6.9% in the 1st quarter. Vanguard Group Inc. now owns 16,930,599 shares of the utilities provider’s stock valued at $544,318,000 after buying an additional 1,095,878 shares in the last quarter. 51.02% of the stock is owned by institutional investors and hedge funds.
Aqua America, Inc. (NYSE WTR) opened at 33.63 on Tuesday. The stock has a 50 day moving average of $33.72 and a 200-day moving average of $33.05. Aqua America, Inc. has a 1-year low of $28.03 and a 1-year high of $34.66. The company has a market cap of $5.97 billion, a PE ratio of 25.67 and a beta of 0.54.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. The business had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. Aqua America’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.33 earnings per share. On average, equities research analysts predict that Aqua America, Inc. will post $1.36 earnings per share for the current year.
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In other news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $34.46, for a total value of $430,715.54. Following the completion of the transaction, the insider now directly owns 80,604 shares in the company, valued at approximately $2,777,613.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.25% of the stock is owned by company insiders.
Several research analysts have issued reports on the company. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Robert W. Baird restated a “hold” rating and issued a $32.00 target price on shares of Aqua America in a research note on Friday, August 25th. Barclays PLC boosted their target price on shares of 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. Finally, Zacks Investment Research lowered shares of Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $34.67.
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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