Trillium Asset Management LLC Acquires 3,602 Shares of Aqua America, Inc. (WTR)
Trillium Asset Management LLC raised its stake in shares of Aqua America, Inc. (NYSE:WTR) by 7.3% during the second quarter, Holdings Channel reports. The fund owned 52,792 shares of the utilities provider’s stock after buying an additional 3,602 shares during the period. Trillium Asset Management LLC’s holdings in Aqua America were worth $1,758,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of WTR. Virginia Retirement Systems ET AL purchased a new position in shares of Aqua America during the first quarter worth about $919,000. First Manhattan Co. increased its position in shares of Aqua America by 2.4% in the first quarter. First Manhattan Co. now owns 364,473 shares of the utilities provider’s stock worth $11,109,000 after buying an additional 8,612 shares in the last quarter. Rockland Trust Co. increased its position in shares of Aqua America by 6.1% in the first quarter. Rockland Trust Co. now owns 373,739 shares of the utilities provider’s stock worth $12,016,000 after buying an additional 21,582 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Aqua America by 7.3% in the first quarter. Geode Capital Management LLC now owns 1,397,830 shares of the utilities provider’s stock worth $44,940,000 after buying an additional 95,204 shares in the last quarter. Finally, CAPROCK Group Inc. increased its position in shares of Aqua America by 2.6% in the first quarter. CAPROCK Group Inc. now owns 7,722 shares of the utilities provider’s stock worth $248,000 after buying an additional 194 shares in the last quarter. 50.90% of the stock is owned by institutional investors and hedge funds.
Aqua America, Inc. (NYSE:WTR) opened at 33.78 on Wednesday. The stock has a market cap of $6.00 billion, a P/E ratio of 25.79 and a beta of 0.52. The company has a 50-day moving average of $33.30 and a 200-day moving average of $32.32. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $34.41.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The company had revenue of $203.40 million during the quarter, compared to the consensus estimate of $208.28 million. During the same quarter last year, the company earned $0.33 earnings per share. Aqua America’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th will be given a $0.2047 dividend. This is an increase from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.82 annualized dividend and a yield of 2.42%. Aqua America’s dividend payout ratio (DPR) is 62.60%.
WTR has been the subject of a number of recent research reports. Zacks Investment Research downgraded shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Northcoast Research initiated coverage on shares of Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $32.25.
In other Aqua America news, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total value of $189,117.50. Following the completion of the sale, the chief operating officer now owns 18,788 shares of the company’s stock, valued at $617,937.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction that occurred on Tuesday, June 6th. The shares were 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 directly owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The disclosure for this sale can be found here. 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).
Want to see what other hedge funds are holding WTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aqua America, Inc. (NYSE:WTR).
Receive News & Ratings for Aqua America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.