Shares of Aqua America, Inc. (NYSE:WTR) have been given an average rating of “Hold” by the seven analysts that are currently covering the stock. Two research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $32.00.
A number of research analysts recently issued reports on the stock. Zacks Investment Research downgraded shares of Aqua America from a “hold” rating to a “sell” rating in a research report on Wednesday. Robert W. Baird restated a “neutral” rating and set a $32.00 target price on shares of Aqua America in a research report on Wednesday.
Shares of Aqua America (NYSE:WTR) traded down 1.033% on Wednesday, hitting $30.175. The stock had a trading volume of 273,222 shares. Aqua America has a 12 month low of $28.03 and a 12 month high of $35.83. The firm has a market cap of $5.35 billion, a P/E ratio of 25.146 and a beta of 0.44. The firm’s 50-day moving average price is $30.11 and its 200 day moving average price is $31.03.
Aqua America (NYSE:WTR) last posted its earnings results on Tuesday, November 1st. The company reported $0.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.01. The company earned $226.60 million during the quarter, compared to the consensus estimate of $223.61 million. Aqua America had a net margin of 25.97% and a return on equity of 13.19%. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period in the previous year, the firm posted $0.38 earnings per share. Analysts anticipate that Aqua America will post $1.32 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. FineMark National Bank & Trust increased its position in shares of Aqua America by 93.9% in the third quarter. FineMark National Bank & Trust now owns 3,311 shares of the company’s stock worth $101,000 after buying an additional 1,603 shares during the period. Sei Investments Co. increased its position in shares of Aqua America by 15.6% in the third quarter. Sei Investments Co. now owns 3,461 shares of the company’s stock worth $106,000 after buying an additional 466 shares during the period. Whittier Trust Co. increased its position in shares of Aqua America by 3.1% in the second quarter. Whittier Trust Co. now owns 3,952 shares of the company’s stock worth $141,000 after buying an additional 120 shares during the period. Hexavest Inc. purchased a new position in shares of Aqua America during the third quarter worth $150,000. Finally, Tuttle Tactical Management LLC increased its position in shares of Aqua America by 0.6% in the third quarter. Tuttle Tactical Management LLC now owns 5,772 shares of the company’s stock worth $176,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 47.89% of the company’s stock.
About Aqua America
Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.