Nisa Investment Advisors LLC cut its position in Aqua America, Inc. (NYSE:WTR) by 33.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,150 shares of the utilities provider’s stock after selling 26,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Aqua America were worth $1,766,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in WTR. BlackRock Inc. increased its position in Aqua America by 2,818.7% in the first quarter. BlackRock Inc. now owns 15,234,276 shares of the utilities provider’s stock worth $489,782,000 after buying an additional 14,712,330 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Aqua America by 6.9% in the first quarter. Vanguard Group Inc. now owns 16,930,599 shares of the utilities provider’s stock worth $544,318,000 after buying an additional 1,095,878 shares in the last quarter. State Street Corp increased its position in shares of Aqua America by 4.6% in the first quarter. State Street Corp now owns 11,078,080 shares of the utilities provider’s stock worth $356,166,000 after buying an additional 482,723 shares in the last quarter. Impax Asset Management LTD increased its position in shares of Aqua America by 26.4% in the first quarter. Impax Asset Management LTD now owns 1,673,172 shares of the utilities provider’s stock worth $53,792,000 after buying an additional 349,580 shares in the last quarter. Finally, Asset Management One Co. Ltd. increased its position in shares of Aqua America by 2,748.1% in the first quarter. Asset Management One Co. Ltd. now owns 357,269 shares of the utilities provider’s stock worth $11,434,000 after buying an additional 344,725 shares in the last quarter. 50.90% of the stock is owned by institutional investors.
Aqua America, Inc. (WTR) opened at 33.56 on Friday. Aqua America, Inc. has a 52-week low of $28.03 and a 52-week high of $34.41. The company has a market capitalization of $5.96 billion, a P/E ratio of 25.62 and a beta of 0.52. The firm has a 50-day moving average of $33.32 and a 200 day moving average of $32.36.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting the consensus estimate of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The business had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. During the same period in the previous year, the firm earned $0.33 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Equities analysts predict that Aqua America, Inc. will post $1.36 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Wednesday, August 16th will be given a $0.2047 dividend. The ex-dividend date of this dividend is Monday, August 14th. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 annualized dividend and a dividend yield of 2.44%. Aqua America’s payout ratio is currently 62.60%.
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A number of equities research analysts have recently commented on WTR shares. Zacks Investment Research cut shares of Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Finally, Northcoast Research assumed coverage on shares of Aqua America in a report on Thursday, May 25th. They set a “neutral” rating on the stock. One analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $32.25.
In related news, Director Richard H. Glanton sold 4,200 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the completion of the transaction, the director now owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Richard Scott Fox sold 5,750 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total transaction of $189,117.50. Following the completion of the transaction, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at approximately $617,937.32. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
Aqua America Company Profile
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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