Mesirow Financial Investment Management Equity Management Has $1,484,000 Position in Aqua America, Inc. (WTR)
Mesirow Financial Investment Management Equity Management maintained its stake in shares of Aqua America, Inc. (NYSE:WTR) during the second quarter, Holdings Channel reports. The fund owned 44,555 shares of the utilities provider’s stock at the end of the second quarter. Mesirow Financial Investment Management Equity Management’s holdings in Aqua America were worth $1,484,000 at the end of the most recent quarter.
A number of other large investors also recently made changes to their positions in WTR. Thompson Davis & CO. Inc. raised its stake in shares of Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock valued at $106,000 after buying an additional 132 shares in the last quarter. IFP Advisors Inc raised its stake 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 in the last quarter. Benjamin F. Edwards & Company Inc. raised its stake in shares of 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. Huntington National Bank raised its stake in shares of Aqua America by 6.7% in the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock valued at $199,000 after buying an additional 375 shares in the last quarter. Finally, National Asset Management Inc. bought a new stake in shares of Aqua America during the first quarter valued at approximately $202,000. Hedge funds and other institutional investors own 50.90% of the company’s stock.
Aqua America, Inc. (NYSE WTR) opened at 34.25 on Thursday. Aqua America, Inc. has a 1-year low of $28.03 and a 1-year high of $34.41. The firm has a 50-day moving average of $33.28 and a 200-day moving average of $32.19. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 26.15 and a beta of 0.52.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The firm had revenue of $203.40 million for the quarter, compared to the consensus estimate of $208.28 million. During the same period in the prior year, the firm posted $0.33 EPS. The firm’s revenue was down .2% compared to the same quarter last year. On average, analysts expect that Aqua America, Inc. will post $1.36 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th will be paid a dividend of $0.2047 per share. This represents a $0.82 dividend on an annualized basis and a yield of 2.39%. This is an increase from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date is Monday, August 14th. Aqua America’s dividend payout ratio is 58.78%.
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Several equities research analysts recently commented on WTR shares. BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Finally, Northcoast Research started coverage on shares of Aqua America in a research note on Thursday, May 25th. They set a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.25.
In other Aqua America news, Director Richard H. Glanton sold 4,200 shares of the stock in a transaction on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the sale, the director now directly owns 2,207 shares of the company’s stock, valued at $72,455.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction of $189,117.50. Following the sale, the chief operating officer now directly owns 18,788 shares in the company, valued at $617,937.32. The disclosure for this sale can be found here. Corporate 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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