Aqua America Inc. (WTR) Shares Sold by BlackRock Advisors LLC
BlackRock Advisors LLC cut its position in shares of Aqua America Inc. (NYSE:WTR) by 5.5% during the second quarter, Holdings Channel reports. The fund owned 190,161 shares of the company’s stock after selling 11,006 shares during the period. BlackRock Advisors LLC owned 0.11% of Aqua America worth $6,781,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in shares of 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. Vanguard Group Inc. increased its stake in shares of 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. BlackRock Inc. increased its stake in shares of 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 during the period. Ladenburg Thalmann Financial Services Inc. increased its stake in shares of 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 during the period. Finally, Canada Pension Plan Investment Board bought a new stake in shares of Aqua America during the first quarter worth $372,000. Institutional investors and hedge funds own 47.76% of the company’s stock.
Aqua America Inc. (NYSE:WTR) opened at 29.77 on Friday. The company has a market capitalization of $5.28 billion, a P/E ratio of 25.44 and a beta of 0.43. Aqua America Inc. has a one year low of $27.85 and a one year high of $35.83. The company’s 50-day moving average is $30.44 and its 200 day moving average is $32.29.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.33 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.33. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The company earned $203.88 million during the quarter, compared to the consensus estimate of $209.61 million. During the same quarter in the prior year, the firm posted $0.32 earnings per share. The firm’s revenue was down .9% compared to the same quarter last year. Analysts predict that Aqua America Inc. will post $1.33 EPS for the current year.
A number of equities analysts have recently commented on WTR shares. Robert W. Baird started coverage on shares of Aqua America in a report on Friday. They set a “neutral” rating and a $32.00 price objective for the company. Barclays PLC reduced their price objective on shares of Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, September 6th. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a report on Friday, September 2nd. Finally, Hilliard Lyons reaffirmed an “underperform” rating and set a $27.00 price objective on shares of Aqua America in a report on Wednesday, September 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.43.
In other Aqua America news, Director Richard H. Glanton sold 4,650 shares of Aqua America 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 completion of the transaction, 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 can be accessed through this link. Company insiders own 0.33% of the company’s stock.
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.
Want to see what other hedge funds are holding WTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aqua America Inc. (NYSE:WTR).
Receive News & Ratings for Aqua America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America Inc. and related companies with MarketBeat.com's FREE daily email newsletter.