Headinvest LLC acquired a new position in Aqua America Inc (NYSE:WTR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,725 shares of the utilities provider’s stock, valued at approximately $203,000.
Several other large investors have also recently made changes to their positions in WTR. Pictet Asset Management Ltd. grew its holdings in Aqua America by 21.0% in the second quarter. Pictet Asset Management Ltd. now owns 4,246,581 shares of the utilities provider’s stock valued at $138,821,000 after purchasing an additional 735,706 shares during the period. Lord Abbett & CO. LLC acquired a new stake in Aqua America in the second quarter valued at approximately $17,807,000. Vanguard Group Inc. grew its holdings in Aqua America by 1.6% in the second quarter. Vanguard Group Inc. now owns 17,208,005 shares of the utilities provider’s stock valued at $573,026,000 after purchasing an additional 277,406 shares during the period. Kennedy Capital Management Inc. grew its holdings in Aqua America by 159.2% in the second quarter. Kennedy Capital Management Inc. now owns 383,442 shares of the utilities provider’s stock valued at $12,769,000 after purchasing an additional 235,530 shares during the period. Finally, WINTON GROUP Ltd acquired a new stake in Aqua America in the third quarter valued at approximately $6,917,000. Hedge funds and other institutional investors own 51.72% of the company’s stock.
In related news, insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction that occurred on Monday, September 11th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP David Smeltzer sold 10,000 shares of Aqua America stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value 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. In the last quarter, insiders have purchased 75,500 shares of company stock worth $11,325. 0.25% of the stock is currently owned by company insiders.
Shares of Aqua America Inc (NYSE WTR) traded down $0.08 during trading hours on Tuesday, hitting $37.67. The stock had a trading volume of 1,080,000 shares, compared to its average volume of 548,027. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. The firm has a market capitalization of $6,650.00, a price-to-earnings ratio of 28.38, a PEG ratio of 4.38 and a beta of 0.59. Aqua America Inc has a 12-month low of $29.24 and a 12-month high of $38.20.
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, hitting the Zacks’ consensus estimate of $0.43. The firm 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 business’s revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.41 earnings per share. analysts forecast that Aqua America Inc will post 1.36 earnings per share for the current year.
The company also recently declared a dec 17 dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were paid a $0.2047 dividend. This represents a dividend yield of 2.3%. The ex-dividend date was Thursday, November 16th. Aqua America’s dividend payout ratio is presently 61.65%.
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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