Vanguard Group Inc. boosted its position in Aqua America Inc. (NYSE:WTR) by 3.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,910,774 shares of the company’s stock after buying an additional 545,819 shares during the period. Vanguard Group Inc. owned 8.41% of Aqua America worth $531,718,000 as of its most recent SEC filing.
A number of other large investors have also recently added to or reduced their stakes in the company. BlackRock Fund Advisors increased its stake in Aqua America by 1.1% in the first quarter. BlackRock Fund Advisors now owns 6,171,125 shares of the company’s stock worth $196,365,000 after buying an additional 64,537 shares during the last quarter. Norges Bank purchased a new position in Aqua America during the fourth quarter worth about $40,160,000. Impax Asset Management LTD boosted its position in Aqua America by 1.6% in the second quarter. Impax Asset Management LTD now owns 1,123,992 shares of the company’s stock worth $40,082,000 after buying an additional 17,577 shares during the period. Geode Capital Management LLC boosted its position in Aqua America by 3.3% in the first quarter. Geode Capital Management LLC now owns 1,119,225 shares of the company’s stock worth $35,613,000 after buying an additional 36,235 shares during the period. Finally, BlackRock Group LTD boosted its position in Aqua America by 0.5% in the first quarter. BlackRock Group LTD now owns 724,385 shares of the company’s stock worth $23,052,000 after buying an additional 3,599 shares during the period. 47.76% of the stock is currently owned by institutional investors and hedge funds.
Aqua America Inc. (NYSE:WTR) opened at 30.48 on Friday. The company has a market cap of $5.40 billion, a PE ratio of 26.05 and a beta of 0.42. Aqua America Inc. has a 52-week low of $26.62 and a 52-week high of $35.83. The company has a 50-day moving average of $31.01 and a 200 day moving average of $32.42.
Aqua America (NYSE:WTR) last announced its earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.33. Aqua America had a net margin of 25.44% and a return on equity of 13.05%. The firm had revenue of $203.88 million for the quarter, compared to analyst estimates of $209.61 million. During the same quarter in the prior year, the business posted $0.32 EPS. The business’s revenue was down .9% compared to the same quarter last year. Equities research analysts predict that Aqua America Inc. will post $1.33 EPS for the current year.
A number of research analysts have recently issued reports on WTR shares. Hilliard Lyons reiterated an “underperform” rating and issued a $27.00 target price on shares of Aqua America in a research note on Wednesday, September 14th. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Barclays PLC cut their target price on shares of Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 6th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Aqua America presently has a consensus rating of “Hold” and a consensus price target of $32.71.
In other Aqua America news, Director Richard H. Glanton sold 4,650 shares of the stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $31.20, for a total transaction of $145,080.00. Following the transaction, the director now owns 4,583 shares in the company, valued at approximately $142,989.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company’s stock.
About Aqua America
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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