Birch Hill Investment Advisors LLC Has $214,000 Holding in Aqua America Inc (WTR)

Birch Hill Investment Advisors LLC Has $214,000 Holding in Aqua America Inc (WTR)

Birch Hill Investment Advisors LLC maintained its stake in Aqua America Inc (NYSE:WTR) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,666 shares of the utilities provider’s stock at the end of the first quarter. Birch Hill Investment Advisors LLC’s holdings in Aqua America were worth $214,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. First Manhattan Co. boosted its stake in Aqua America by 2.4% in the first quarter. First Manhattan Co. now owns 364,473 shares of the utilities provider’s stock valued at $11,109,000 after buying an additional 8,612 shares during the period. Rockland Trust Co. boosted its stake in Aqua America by 6.1% in the first quarter. Rockland Trust Co. now owns 373,739 shares of the utilities provider’s stock valued at $12,016,000 after buying an additional 21,582 shares during the period. Cutter & CO Brokerage Inc. acquired a new stake in Aqua America during the fourth quarter valued at approximately $4,531,000. State Street Corp boosted its stake in Aqua America by 19.2% in the fourth quarter. State Street Corp now owns 10,595,357 shares of the utilities provider’s stock valued at $318,285,000 after buying an additional 1,708,561 shares during the period. Finally, CAPROCK Group Inc. boosted its stake in Aqua America by 2.6% in the first quarter. CAPROCK Group Inc. now owns 7,722 shares of the utilities provider’s stock valued at $248,000 after buying an additional 194 shares during the period. 48.08% of the stock is currently owned by institutional investors.

Shares of Aqua America Inc (WTR) traded down 0.03% on Friday, reaching $33.21. The company’s stock had a trading volume of 557,696 shares. The firm has a 50 day moving average price of $32.45 and a 200-day moving average price of $31.11. The stock has a market cap of $5.90 billion, a PE ratio of 25.45 and a beta of 0.46. Aqua America Inc has a 12-month low of $28.03 and a 12-month high of $35.83.

Aqua America (NYSE:WTR) last posted its quarterly earnings results on Wednesday, May 3rd. The utilities provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The firm had revenue of $187.79 million for the quarter. Aqua America had a net margin of 25.97% and a return on equity of 13.19%. Equities research analysts expect that Aqua America Inc will post $1.36 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 1st. Shareholders of record on Wednesday, May 17th were paid a dividend of $0.1913 per share. The ex-dividend date of this dividend was Monday, May 15th. This represents a $0.77 annualized dividend and a yield of 2.30%. Aqua America’s payout ratio is presently 64.71%.

WTR has been the topic of several recent analyst reports. Robert W. Baird reaffirmed a “neutral” rating and set a $32.00 price objective on shares of Aqua America in a research report on Thursday, February 23rd. Zacks Investment Research cut Aqua America from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Boenning Scattergood raised Aqua America from a “neutral” rating to an “outperform” rating in a research report on Monday, March 13th. Barclays PLC raised Aqua America from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $33.00 to $36.00 in a research report on Friday, March 17th. Finally, Northcoast Research initiated coverage on Aqua America in a research report on Thursday, May 25th. They issued a “neutral” rating on the stock. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $32.25.

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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “WTR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Want to see what other hedge funds are holding WTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aqua America Inc (NYSE:WTR).

Related posts

Leave a Comment