Blue Bell Private Wealth Management LLC Has $392,000 Position in Aqua America Inc. (WTR)
Blue Bell Private Wealth Management LLC maintained its position in Aqua America Inc. (NYSE:WTR) during the second quarter, Holdings Channel reports. The firm owned 10,981 shares of the company’s stock at the end of the second quarter. Blue Bell Private Wealth Management LLC’s holdings in Aqua America were worth $392,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of WTR. BlackRock Fund Advisors boosted 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. Geode Capital Management LLC raised its position 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. BlackRock Group LTD raised its position in shares of 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. Nuveen Asset Management LLC raised its position 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 period. Finally, TIAA CREF Investment Management LLC raised its position in shares of Aqua America by 33.9% in the first quarter. TIAA CREF Investment Management LLC now owns 481,886 shares of the company’s stock worth $15,334,000 after buying an additional 122,089 shares during the period. 47.76% of the stock is owned by institutional investors and hedge funds.
Aqua America Inc. (NYSE:WTR) traded down 0.71% during midday trading on Friday, hitting $29.56. The company had a trading volume of 698,924 shares. The company has a market cap of $5.24 billion, a P/E ratio of 25.26 and a beta of 0.43. The company’s 50 day moving average is $30.44 and its 200-day moving average is $32.29. Aqua America Inc. has a one year low of $27.85 and a one year high of $35.83.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Tuesday, August 2nd. The company reported $0.33 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.33. The business had revenue of $203.88 million for the quarter, compared to analyst estimates of $209.61 million. Aqua America had a return on equity of 13.05% and a net margin of 25.44%. The firm’s revenue for the quarter was down .9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.32 EPS. On average, equities analysts predict that Aqua America Inc. will post $1.33 EPS for the current year.
A number of equities analysts recently weighed in on WTR shares. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Friday, September 2nd. Barclays PLC cut their price target on 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. Hilliard Lyons reaffirmed an “underperform” rating and set a $27.00 price target on shares of Aqua America in a research note on Wednesday, September 14th. Finally, Robert W. Baird initiated coverage on Aqua America in a research note on Friday. They set a “neutral” rating and a $32.00 price target for the company. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $32.43.
In other Aqua America news, Director Richard H. Glanton sold 4,650 shares of the firm’s stock in a transaction that occurred on Tuesday, September 27th. The stock was 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 accessible through this link. 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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