Shares of Aqua America Inc. (NYSE:WTR) were down 1.1% during mid-day trading on Friday after an insider sold shares in the company. The company traded as low as $30.44 and last traded at $30.56, with a volume of 577,556 shares changing hands. The stock had previously closed at $30.89.
Specifically, Director Richard H. Glanton sold 4,650 shares of the firm’s stock in a transaction dated Tuesday, September 27th. The shares were sold at an average price of $31.20, for a total value of $145,080.00. Following the completion of the sale, the director now owns 4,583 shares of the company’s stock, valued at $142,989.60. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.33% of the stock is currently owned by company insiders.
A number of brokerages have recently commented on WTR. Hilliard Lyons reaffirmed an “underperform” rating and set a $27.00 target price on shares of Aqua America in a research report on Wednesday, September 14th. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Barclays PLC reduced their target price on shares of Aqua America from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 6th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. Aqua America has a consensus rating of “Hold” and an average price target of $32.71.
The firm has a market cap of $5.40 billion, a P/E ratio of 26.05 and a beta of 0.42. The stock’s 50-day moving average is $31.01 and its 200 day moving average is $32.42.
Aqua America (NYSE:WTR) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.33. Aqua America had a net margin of 25.44% and a return on equity of 13.05%. The company earned $203.88 million during the quarter, compared to analysts’ expectations of $209.61 million. During the same quarter in the prior year, the company earned $0.32 EPS. Aqua America’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts predict that Aqua America Inc. will post $1.33 EPS for the current year.
A number of hedge funds have recently made changes to their positions in WTR. Mason Street Advisors LLC acquired a new stake in shares of Aqua America during the second quarter valued at about $2,883,000. IFP Advisors Inc raised its position in Aqua America by 4.9% in the second quarter. IFP Advisors Inc now owns 10,974 shares of the company’s stock valued at $391,000 after buying an additional 512 shares during the last quarter. Personal Capital Advisors Corp raised its position in Aqua America by 11.2% in the second quarter. Personal Capital Advisors Corp now owns 369,537 shares of the company’s stock valued at $13,178,000 after buying an additional 37,210 shares during the last quarter. Farmers National Bank raised its position in Aqua America by 0.7% in the second quarter. Farmers National Bank now owns 35,773 shares of the company’s stock valued at $1,266,000 after buying an additional 261 shares during the last quarter. Finally, Calvert Investment Management Inc. raised its position in Aqua America by 2.6% in the second quarter. Calvert Investment Management Inc. now owns 39,987 shares of the company’s stock valued at $1,426,000 after buying an additional 1,005 shares during the last quarter. 47.76% of the stock is owned by institutional investors.
Aqua America Company Profile
Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.
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