Shares of Aqua America Inc (NYSE:WTR) have earned a consensus rating of “Hold” from the nine ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $38.20.
A number of brokerages have recently issued reports on WTR. Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 21st. Argus boosted their price target on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Zacks Investment Research downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Robert W. Baird restated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Wednesday, November 1st. Finally, Boenning Scattergood restated a “buy” rating and issued a $43.00 price target on shares of Aqua America in a research report on Wednesday, November 1st.
Aqua America (NYSE:WTR) traded up $0.21 during trading hours on Friday, reaching $35.21. 102,558 shares of the company traded hands, compared to its average volume of 757,834. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.01. Aqua America has a twelve month low of $30.38 and a twelve month high of $39.55. The firm has a market cap of $6,219.17, a P/E ratio of 26.32, a PEG ratio of 4.41 and a beta of 0.45.
Hedge funds and other institutional investors have recently modified their holdings of the company. Alliancebernstein L.P. increased its stake in shares of Aqua America by 898.2% in the 4th quarter. Alliancebernstein L.P. now owns 1,634,841 shares of the utilities provider’s stock valued at $64,135,000 after acquiring an additional 1,471,060 shares in the last quarter. Amundi Pioneer Asset Management Inc. bought a new stake in shares of Aqua America in the 4th quarter valued at $18,629,000. Allianz Asset Management GmbH bought a new stake in shares of Aqua America in the 4th quarter valued at $15,903,000. BlackRock Inc. increased its stake in shares of Aqua America by 2.0% in the 4th quarter. BlackRock Inc. now owns 15,709,669 shares of the utilities provider’s stock valued at $616,290,000 after acquiring an additional 312,765 shares in the last quarter. Finally, WINTON GROUP Ltd bought a new stake in shares of Aqua America in the 3rd quarter valued at $6,917,000. Hedge funds and other institutional investors own 52.86% 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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