Aqua America, Inc. (NYSE:WTR) Shares Bought by Cambiar Investors LLC
Cambiar Investors LLC increased its stake in shares of Aqua America, Inc. (NYSE:WTR) by 1.2% during the second quarter, Holdings Channel reports. The institutional investor owned 120,535 shares of the utilities provider’s stock after buying an additional 1,472 shares during the period. Cambiar Investors LLC’s holdings in Aqua America were worth $4,014,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. CAPROCK Group Inc. boosted its position in Aqua America by 0.4% in the second quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock valued at $258,000 after buying an additional 30 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. bought a new position in Aqua America during the second quarter valued at about $206,000. Great West Life Assurance Co. Can boosted its position in Aqua America by 0.9% in the second quarter. Great West Life Assurance Co. Can now owns 107,654 shares of the utilities provider’s stock valued at $3,582,000 after buying an additional 1,004 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Aqua America by 0.8% in the second quarter. Janney Montgomery Scott LLC now owns 92,373 shares of the utilities provider’s stock valued at $3,076,000 after buying an additional 688 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in Aqua America by 10.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock valued at $149,000 after buying an additional 431 shares in the last quarter. Institutional investors and hedge funds own 50.44% of the company’s stock.
Aqua America, Inc. (NYSE:WTR) opened at 33.71 on Friday. The stock has a 50 day moving average of $33.29 and a 200 day moving average of $32.05. The company has a market cap of $5.99 billion, a PE ratio of 25.73 and a beta of 0.52. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $34.41.
Aqua America (NYSE:WTR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The firm had revenue of $203.40 million during the quarter, compared to the consensus estimate of $208.28 million. During the same quarter in the previous year, the company posted $0.33 earnings per share. The company’s revenue was down .2% compared to the same quarter last year. Equities research analysts predict that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 16th will be issued a dividend of $0.2047 per share. This is an increase from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.43%. Aqua America’s payout ratio is 58.78%.
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Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. BidaskClub cut shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. Finally, Northcoast Research assumed coverage on shares of Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $32.25.
In related news, Director Richard H. Glanton sold 4,200 shares of Aqua America stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total transaction of $137,886.00. Following the completion of the sale, the director now owns 2,207 shares of the company’s stock, valued at $72,455.81. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Richard Scott Fox sold 5,750 shares of Aqua America stock in a transaction dated Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total value of $189,117.50. Following the sale, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at approximately $617,937.32. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
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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