Aqua America, Inc. (WTR) Shares Sold by MML Investors Services LLC
MML Investors Services LLC decreased its position in Aqua America, Inc. (NYSE:WTR) by 41.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 104,357 shares of the utilities provider’s stock after selling 74,507 shares during the quarter. MML Investors Services LLC owned 0.06% of Aqua America worth $3,475,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Investment Centers of America Inc. raised its position in Aqua America by 0.4% in the second quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock valued at $233,000 after purchasing an additional 27 shares during the period. CAPROCK Group Inc. raised 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 purchasing an additional 30 shares during the period. CENTRAL TRUST Co raised its position in 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 purchasing an additional 71 shares during the period. Utah Retirement Systems raised its position in 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 purchasing an additional 100 shares during the period. Finally, NEXT Financial Group Inc raised its position in Aqua America by 2.3% in the second quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock valued at $216,000 after purchasing an additional 144 shares during the period. 51.02% of the stock is currently owned by institutional investors.
Shares of Aqua America, Inc. (NYSE WTR) traded down 0.03% during mid-day trading on Friday, reaching $33.48. The company’s stock had a trading volume of 73,363 shares. Aqua America, Inc. has a 1-year low of $28.03 and a 1-year high of $34.66. The firm’s 50 day moving average price is $33.80 and its 200-day moving average price is $32.89. The company has a market capitalization of $5.95 billion, a price-to-earnings ratio of 25.56 and a beta of 0.53.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.34. The company had revenue of $203.40 million for the quarter, compared to the consensus estimate of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. Aqua America’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.33 earnings per share. On average, analysts predict that Aqua America, Inc. will post $1.36 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th were paid a dividend of $0.2047 per share. The ex-dividend date was Monday, August 14th. This represents a $0.82 dividend on an annualized basis and a yield of 2.43%. This is an increase from Aqua America’s previous quarterly dividend of $0.19. Aqua America’s dividend payout ratio (DPR) is currently 62.60%.
A number of brokerages have issued reports on WTR. BidaskClub lowered Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Robert W. Baird reissued a “hold” rating and issued a $32.00 target price on shares of Aqua America in a research report on Friday, August 25th. Northcoast Research began coverage on Aqua America in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. Boenning Scattergood reissued an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Finally, Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a research report on Thursday, July 13th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.00.
In other news, insider Robert A. Rubin sold 12,499 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $34.46, for a total value of $430,715.54. Following the transaction, the insider now owns 80,604 shares of the company’s stock, valued at approximately $2,777,613.84. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.25% of the company’s stock.
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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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