Aqua America (WTR) Getting Somewhat Favorable Press Coverage, Report Finds
Media headlines about Aqua America (NYSE:WTR) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Aqua America earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave media coverage about the utilities provider an impact score of 46.6878021791978 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:
- ETFs with exposure to Aqua America, Inc. : November 20, 2017 (finance.yahoo.com)
- American Water Unit Acquires Georgetown Water for $6.4M – Nasdaq (nasdaq.com)
- $204.65 Million in Sales Expected for Aqua America, Inc. (WTR) This Quarter (americanbankingnews.com)
- Aqua America, Inc. : WTR-US: Dividend Analysis : November 17th, 2017 (record date) : By the numbers : November 17, 2017 (finance.yahoo.com)
- $0.31 EPS Expected for Aqua America, Inc. (WTR) This Quarter (americanbankingnews.com)
Shares of Aqua America (NYSE WTR) traded up $0.09 during trading hours on Thursday, hitting $36.54. 327,400 shares of the company’s stock traded hands, compared to its average volume of 549,439. Aqua America has a 12 month low of $29.24 and a 12 month high of $37.30. The firm has a market capitalization of $6,510.00, a price-to-earnings ratio of 27.41, a P/E/G ratio of 4.23 and a beta of 0.57. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01.
Aqua America (NYSE:WTR) last announced its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. The company had revenue of $215.01 million for the quarter, compared to analyst estimates of $234.40 million. During the same quarter last year, the business earned $0.41 earnings per share. Aqua America’s revenue was down 5.1% compared to the same quarter last year. sell-side analysts anticipate that Aqua America will post 1.36 EPS for the current fiscal year.
The business also recently disclosed a dec 17 dividend, which will be paid on Friday, December 1st. Investors of record on Friday, November 17th will be paid a dividend of $0.2047 per share. The ex-dividend date of this dividend is Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio is presently 61.65%.
WTR has been the topic of several research reports. Robert W. Baird reiterated a “hold” rating and set a $32.00 price objective on shares of Aqua America in a research note on Friday, August 25th. Barclays PLC increased their price objective on shares of Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research note on Friday, September 22nd. Zacks Investment Research upgraded shares of Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research note on Tuesday, October 3rd. Wells Fargo & Company upgraded shares of 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. Finally, Boenning Scattergood restated a “buy” rating and issued a $43.00 price target on shares of Aqua America in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $38.20.
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In related news, insider Robert A. Rubin sold 12,499 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $34.46, for a total transaction of $430,715.54. Following the transaction, the insider now owns 80,604 shares in the company, valued at $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP David Smeltzer sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total transaction of $363,600.00. Following the transaction, the vice president now owns 71,397 shares in the company, valued at approximately $2,595,994.92. The disclosure for this sale can be found here. Insiders have purchased 75,500 shares of company stock worth $11,325 in the last quarter. 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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