Ingalls & Snyder LLC Has $1,074,000 Stake in Aqua America, Inc. (NYSE:WTR)
Ingalls & Snyder LLC maintained its position in shares of Aqua America, Inc. (NYSE:WTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 32,266 shares of the utilities provider’s stock at the end of the second quarter. Ingalls & Snyder LLC’s holdings in Aqua America were worth $1,074,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. CAPROCK Group Inc. increased its position in shares of 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 during the last quarter. IFP Advisors Inc increased its position in shares of Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock valued at $125,000 after buying an additional 53 shares during the last quarter. Wetherby Asset Management Inc. increased its position in shares of Aqua America by 0.9% in the first quarter. Wetherby Asset Management Inc. now owns 7,571 shares of the utilities provider’s stock valued at $244,000 after buying an additional 70 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Aqua America by 0.7% in the second quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock valued at $337,000 after buying an additional 71 shares during the last quarter. Finally, Utah Retirement Systems increased its position in shares of Aqua America by 0.3% in the first quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock valued at $1,039,000 after buying an additional 100 shares during the last quarter. 50.90% of the stock is currently owned by institutional investors.
Shares of Aqua America, Inc. (WTR) opened at 33.71 on Monday. The company has a market cap of $5.99 billion, a PE ratio of 25.73 and a beta of 0.52. The company has a 50-day moving average of $33.29 and a 200 day moving average of $32.05. Aqua America, Inc. has a 12-month low of $28.03 and a 12-month high of $34.41.
Aqua America (NYSE:WTR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The business had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. During the same quarter last year, the firm posted $0.33 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. On average, equities research analysts expect that Aqua America, Inc. will post $1.36 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th will be paid a $0.2047 dividend. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, August 14th. This represents a $0.82 dividend on an annualized basis and a yield of 2.43%. Aqua America’s dividend payout ratio (DPR) is presently 58.78%.
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Several brokerages recently commented on WTR. Northcoast Research began coverage on shares of Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Aqua America currently has a consensus rating of “Hold” and an average target price of $32.25.
In other Aqua America news, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction on 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 owns 18,788 shares in the company, valued at $617,937.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total value of $137,886.00. Following the completion of the sale, the director now owns 2,207 shares in the company, valued at approximately $72,455.81. The disclosure for this sale can be found here. Company insiders own 0.25% of the company’s stock.
About Aqua America
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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