Robert W. Baird began coverage on shares of Aqua America Inc. (NYSE:WTR) in a report released on Friday. The firm set a “neutral” rating and a $32.00 price target on the stock. Robert W. Baird’s price target would suggest a potential upside of 7.78% from the stock’s previous close.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a research note on Friday, September 2nd. Barclays PLC cut their target price on Aqua America from $38.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 6th. Finally, Hilliard Lyons restated an “underperform” rating and issued a $27.00 target price on shares of Aqua America in a research note on Wednesday, September 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $32.43.
Aqua America (NYSE:WTR) opened at 29.69 on Friday. Aqua America has a 52 week low of $28.05 and a 52 week high of $35.83. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 25.38 and a beta of 0.43. The stock’s 50 day moving average price is $30.35 and its 200-day moving average price is $32.26.
Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.33. The business earned $203.88 million during the quarter, compared to the consensus estimate of $209.61 million. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The company’s quarterly revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.32 EPS. On average, equities research analysts forecast that Aqua America will post $1.33 earnings per share for the current fiscal year.
In related news, Director Richard H. Glanton sold 4,650 shares of Aqua America stock in a transaction that occurred on Tuesday, September 27th. The shares were sold at an average price of $31.20, for a total value of $145,080.00. Following the sale, the director now owns 4,583 shares of the company’s stock, valued at approximately $142,989.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is currently owned by corporate insiders.
Large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Aqua America by 3.8% in the second quarter. Vanguard Group Inc. now owns 14,910,774 shares of the company’s stock worth $531,718,000 after buying an additional 545,819 shares during the period. State Street Corp boosted its stake in shares of Aqua America by 5.2% in the second quarter. State Street Corp now owns 9,250,088 shares of the company’s stock worth $329,861,000 after buying an additional 458,292 shares during the last quarter. Nuveen Asset Management LLC boosted its stake in shares of Aqua America by 598.1% in the first quarter. Nuveen Asset Management LLC now owns 499,314 shares of the company’s stock worth $15,888,000 after buying an additional 427,794 shares during the last quarter. WBI Investments Inc. acquired a new stake in shares of Aqua America during the second quarter worth about $13,412,000. Finally, BlackRock Fund Advisors boosted its stake in shares of Aqua America by 4.9% in the second quarter. BlackRock Fund Advisors now owns 6,476,132 shares of the company’s stock worth $230,939,000 after buying an additional 305,007 shares during the last quarter. 47.73% of the stock is currently 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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