Ameritas Investment Partners Inc. increased its holdings in Aqua America, Inc. (NYSE:WTR) by 1.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 67,048 shares of the utilities provider’s stock after buying an additional 839 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in Aqua America were worth $2,232,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the stock. Investment Centers of America Inc. grew its holdings in Aqua America by 0.4% in the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock worth $233,000 after buying an additional 27 shares in the last quarter. CAPROCK Group Inc. grew its holdings in Aqua America by 0.4% in the 2nd quarter. CAPROCK Group Inc. now owns 7,752 shares of the utilities provider’s stock worth $258,000 after buying an additional 30 shares in the last quarter. CENTRAL TRUST Co grew its holdings in Aqua America by 0.7% in the 2nd quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock worth $337,000 after buying an additional 71 shares in the last quarter. Utah Retirement Systems grew its holdings in Aqua America by 0.3% in the 1st quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock worth $1,039,000 after buying an additional 100 shares in the last quarter. Finally, NEXT Financial Group Inc grew its holdings in Aqua America by 2.3% in the 2nd quarter. NEXT Financial Group Inc now owns 6,489 shares of the utilities provider’s stock worth $216,000 after buying an additional 144 shares in the last quarter. 51.02% of the stock is owned by institutional investors and hedge funds.
WTR has been the subject of a number of recent analyst reports. Zacks Investment Research raised Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Tuesday, October 3rd. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Robert W. Baird reaffirmed a “hold” rating and set a $32.00 price target on shares of Aqua America in a research note on Friday, August 25th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. Finally, Barclays PLC increased their price target on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Aqua America presently has a consensus rating of “Buy” and an average target price of $36.00.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction 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 completion of the sale, the insider now owns 80,604 shares of the company’s stock, valued at approximately $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.25% of the stock is currently owned by insiders.
Shares of Aqua America, Inc. (NYSE:WTR) traded up 0.49% during trading on Friday, reaching $35.07. The company’s stock had a trading volume of 68,047 shares. The company’s 50-day moving average is $33.87 and its 200-day moving average is $33.18. Aqua America, Inc. has a 12 month low of $28.03 and a 12 month high of $35.15. The company has a market capitalization of $6.23 billion, a P/E ratio of 26.77 and a beta of 0.54.
Aqua America (NYSE:WTR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting analysts’ consensus estimates of $0.34. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The firm had revenue of $203.40 million during the quarter, compared to analyst estimates of $208.28 million. During the same quarter in the previous year, the business earned $0.33 EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. On average, analysts forecast that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
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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