Aqua America, Inc. (WTR) VP David Smeltzer Sells 10,000 Shares
Aqua America, Inc. (NYSE:WTR) VP David Smeltzer sold 10,000 shares of Aqua America stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total value of $363,600.00. Following the completion of the transaction, the vice president now directly owns 71,397 shares of the company’s stock, valued at $2,595,994.92. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Aqua America, Inc. (WTR) traded down $0.19 on Monday, hitting $35.98. The stock had a trading volume of 390,800 shares, compared to its average volume of 552,219. Aqua America, Inc. has a one year low of $28.57 and a one year high of $36.62. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55. The company has a market cap of $6,480.00, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 4.18 and a beta of 0.57.
Aqua America (NYSE:WTR) last issued its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.43. The company had revenue of $215.01 million for the quarter, compared to analyst estimates of $234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. equities analysts expect that Aqua America, Inc. will post 1.36 earnings per share for the current fiscal year.
The company also recently disclosed a dec 17 dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be given a dividend of $0.2047 per share. The ex-dividend date is Thursday, November 16th. This represents a yield of 2.3%. Aqua America’s dividend payout ratio is currently 61.65%.
Several brokerages have recently issued reports on WTR. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research note on Wednesday, November 1st. BidaskClub upgraded Aqua America from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, Wells Fargo & Company upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research note on Thursday, October 19th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $38.20.
Hedge funds have recently modified their holdings of the stock. Benjamin F. Edwards & Company Inc. grew its position in Aqua America by 10.6% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 431 shares during the last quarter. IFP Advisors Inc grew its position in Aqua America by 20.8% during the 2nd quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock worth $157,000 after acquiring an additional 809 shares during the last quarter. Barrett Asset Management LLC bought a new stake in Aqua America during the 2nd quarter worth $197,000. Huntington National Bank grew its position in Aqua America by 6.7% during the 2nd quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock worth $199,000 after acquiring an additional 375 shares during the last quarter. Finally, Private Vista LLC bought a new stake in Aqua America during the 3rd quarter worth $205,000. Institutional investors and hedge funds own 51.09% 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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