Tower Research Capital LLC TRC Sells 1,948 Shares of Aqua America Inc. (WTR)
Tower Research Capital LLC TRC decreased its position in Aqua America Inc. (NYSE:WTR) by 26.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,532 shares of the company’s stock after selling 1,948 shares during the period. Tower Research Capital LLC TRC’s holdings in Aqua America were worth $197,000 at the end of the most recent reporting period.
Other institutional investors have also added to or reduced their stakes in the company. Geode Capital Management LLC raised 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 in the last quarter. BlackRock Inc. raised its position in Aqua America by 3.9% in the first quarter. BlackRock Inc. now owns 359,648 shares of the company’s stock worth $11,444,000 after buying an additional 13,356 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. raised its position in Aqua America by 57.6% in the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 85,013 shares of the company’s stock worth $2,704,000 after buying an additional 31,085 shares in the last quarter. Icon Advisers Inc. Co. acquired a new position in Aqua America during the first quarter worth approximately $439,000. Finally, Canada Pension Plan Investment Board acquired a new position in Aqua America during the first quarter worth approximately $372,000. 47.76% of the stock is currently owned by institutional investors and hedge funds.
Shares of Aqua America Inc. (NYSE:WTR) opened at 30.89 on Friday. The stock has a 50 day moving average of $31.07 and a 200-day moving average of $32.43. Aqua America Inc. has a 1-year low of $26.23 and a 1-year high of $35.83. The firm has a market capitalization of $5.48 billion, a P/E ratio of 26.40 and a beta of 0.42.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. The business had revenue of $203.88 million for the quarter, compared to the consensus estimate of $209.61 million. Aqua America had a net margin of 25.44% and a return on equity of 13.05%. The company’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.32 earnings per share. On average, equities analysts expect that Aqua America Inc. will post $1.33 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 1st. Shareholders of record on Thursday, August 18th were issued a dividend of $0.1913 per share. The ex-dividend date was Tuesday, August 16th. This is an increase from Aqua America’s previous quarterly dividend of $0.18. This represents a $0.77 annualized dividend and a yield of 2.48%. Aqua America’s dividend payout ratio is 66.38%.
A number of equities analysts recently commented on WTR shares. Hilliard Lyons reaffirmed an “underperform” rating and set a $27.00 price target 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 Tuesday, September 13th. Finally, Barclays PLC decreased 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 report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. Aqua America has an average rating of “Hold” and an average price target of $32.71.
In other news, Director Richard H. Glanton sold 4,650 shares of the company’s stock in a transaction dated Tuesday, September 27th. The stock was sold at an average price of $31.20, for a total transaction of $145,080.00. Following the sale, the director now directly owns 4,583 shares in the company, valued at $142,989.60. The sale was disclosed in a document filed with the SEC, which is available at this link. 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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