Somewhat Positive Press Coverage Somewhat Unlikely to Affect Aqua America (WTR) Share Price
Press coverage about Aqua America (NYSE:WTR) has been trending somewhat positive on Saturday, according to Accern. Accern identifies negative and positive news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aqua America earned a media sentiment score of 0.16 on Accern’s scale. Accern also gave media headlines about the utilities provider an impact score of 46.8877908984357 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Here are some of the news stories that may have effected Accern Sentiment Analysis’s rankings:
- Aqua America, Inc. (WTR) Upgraded at BidaskClub (americanbankingnews.com)
- Aqua America, Inc. (WTR) Receives Average Recommendation of “Hold” from Analysts (americanbankingnews.com)
- Aqua America, Inc. (NYSE:WTR) Experiences Lighter than Usual Trading Volume – Highlight Press (highlightpress.com)
- Research Analysts Issue Forecasts for Aqua America, Inc.’s Q3 2017 Earnings (WTR) (americanbankingnews.com)
Several equities research analysts have recently commented on the company. Northcoast Research assumed coverage on Aqua America in a research note on Thursday, May 25th. They set a “neutral” rating on the stock. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $32.25.
Aqua America (NYSE WTR) opened at 33.60 on Friday. Aqua America has a 52-week low of $28.03 and a 52-week high of $34.41. The firm has a 50-day moving average of $33.29 and a 200-day moving average of $32.23. The stock has a market capitalization of $5.97 billion, a PE ratio of 25.65 and a beta of 0.52.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. The firm had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.33 earnings per share. On average, equities analysts expect that Aqua America will post $1.36 EPS for the current year.
The business also recently announced 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 is Monday, August 14th. This is an increase from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.44%. Aqua America’s payout ratio is currently 58.78%.
In related news, COO Richard Scott Fox sold 5,750 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total transaction of $189,117.50. Following the completion of the sale, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at $617,937.32. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Richard H. Glanton sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total transaction of $137,886.00. Following the sale, the director now directly owns 2,207 shares of the company’s stock, valued at $72,455.81. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
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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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