Pacer Advisors Inc. Buys 2,860 Shares of Aqua America, Inc. (WTR)
Pacer Advisors Inc. increased its position in Aqua America, Inc. (NYSE:WTR) by 11.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,831 shares of the utilities provider’s stock after buying an additional 2,860 shares during the period. Pacer Advisors Inc.’s holdings in Aqua America were worth $927,000 at the end of the most recent quarter.
A number of other institutional investors also recently bought and sold shares of WTR. CAPROCK Group Inc. raised its position in Aqua America by 0.4% in the second quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock worth $258,000 after buying an additional 30 shares during the period. IFP Advisors Inc raised 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 worth $125,000 after buying an additional 53 shares during the period. Wetherby Asset Management Inc. raised its position in Aqua America by 0.9% in the first quarter. Wetherby Asset Management Inc. now owns 7,571 shares of the utilities provider’s stock worth $244,000 after buying an additional 70 shares during the period. CENTRAL TRUST Co raised its position in Aqua America by 0.7% in the second quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock worth $337,000 after buying an additional 71 shares during the period. Finally, Utah Retirement Systems raised its position in Aqua America by 0.3% in the first quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock worth $1,039,000 after buying an additional 100 shares during the period. Hedge funds and other institutional investors own 51.04% of the company’s stock.
Aqua America, Inc. (NYSE WTR) opened at 33.69 on Wednesday. The stock has a 50 day moving average price of $33.43 and a 200 day moving average price of $32.50. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 25.72 and a beta of 0.52. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $34.41.
Aqua America (NYSE:WTR) last announced its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. The business had revenue of $203.40 million for 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%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. On average, equities analysts forecast that Aqua America, Inc. will post $1.36 earnings per share for the current year.
The business also recently declared 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. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.82 annualized dividend and a yield of 2.43%. This is a boost from Aqua America’s previous quarterly dividend of $0.19. Aqua America’s payout ratio is presently 62.60%.
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A number of equities analysts have commented on the company. Northcoast Research initiated coverage on Aqua America in a research note on Thursday, May 25th. They set a “neutral” rating on the stock. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research note on Friday, August 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company. Aqua America has a consensus rating of “Hold” and an average price target of $32.25.
In other news, COO Richard Scott Fox sold 5,750 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total value of $189,117.50. Following the sale, the chief operating officer now directly owns 18,788 shares in the company, valued at approximately $617,937.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Richard H. Glanton sold 4,200 shares of the business’s stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total transaction of $137,886.00. Following the completion of the sale, the director now owns 2,207 shares in the company, valued at $72,455.81. The disclosure for this sale can be found here. 0.25% of the stock is owned by 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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