Aqua America Inc (NYSE:WTR) – Northcoast Research lifted their Q4 2018 earnings estimates for Aqua America in a research note issued on Wednesday, November 7th. Northcoast Research analyst A. Cohen now expects that the utilities provider will earn $0.32 per share for the quarter, up from their previous forecast of $0.31. Northcoast Research also issued estimates for Aqua America’s Q1 2019 earnings at $0.30 EPS, Q2 2019 earnings at $0.39 EPS, Q3 2019 earnings at $0.48 EPS, Q4 2019 earnings at $0.33 EPS and FY2019 earnings at $1.50 EPS.

A number of other research analysts have also issued reports on the stock. Boenning Scattergood upgraded shares of Aqua America from a “neutral” rating to an “outperform” rating in a research note on Monday, August 20th. Evercore ISI assumed coverage on shares of Aqua America in a research report on Monday, September 17th. They issued an “in-line” rating and a $37.00 price target on the stock. Zacks Investment Research lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Macquarie set a $35.00 price target on shares of Aqua America and gave the stock a “hold” rating in a research report on Thursday, October 25th. Finally, Wells Fargo & Co set a $35.00 price target on shares of Aqua America and gave the stock a “hold” rating in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Aqua America has an average rating of “Hold” and a consensus target price of $38.29.

NYSE:WTR opened at $33.15 on Thursday. Aqua America has a 1 year low of $32.12 and a 1 year high of $39.55. The company has a current ratio of 0.52, a quick ratio of 0.68 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $5.80 billion, a P/E ratio of 24.20, a PEG ratio of 4.35 and a beta of 0.50.

Aqua America (NYSE:WTR) last posted its earnings results on Monday, November 5th. The utilities provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.01. Aqua America had a net margin of 29.81% and a return on equity of 12.64%. The business had revenue of $226.10 million for the quarter, compared to analyst estimates of $238.86 million. During the same period last year, the business posted $0.43 EPS. Aqua America’s revenue was up 5.2% compared to the same quarter last year.

A number of hedge funds and other institutional investors have recently bought and sold shares of WTR. SG Americas Securities LLC grew its position in Aqua America by 700.6% in the 3rd quarter. SG Americas Securities LLC now owns 795,275 shares of the utilities provider’s stock worth $29,346,000 after purchasing an additional 695,935 shares during the last quarter. Fenimore Asset Management Inc. bought a new position in shares of Aqua America during the 2nd quarter worth about $24,199,000. Allianz Asset Management GmbH lifted its holdings in shares of Aqua America by 102.2% during the 1st quarter. Allianz Asset Management GmbH now owns 819,855 shares of the utilities provider’s stock worth $27,924,000 after acquiring an additional 414,464 shares during the period. BlackRock Inc. lifted its holdings in shares of Aqua America by 2.0% during the 2nd quarter. BlackRock Inc. now owns 16,406,497 shares of the utilities provider’s stock worth $577,180,000 after acquiring an additional 319,413 shares during the period. Finally, Millennium Management LLC bought a new position in shares of Aqua America during the 2nd quarter worth about $5,474,000. Institutional investors own 54.07% of the company’s stock.

The business also recently declared a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Friday, November 16th will be given a $0.219 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.88 annualized dividend and a yield of 2.64%. Aqua America’s dividend payout ratio is 64.23%.

About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.

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Earnings History and Estimates for Aqua America (NYSE:WTR)

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