Texas Permanent School Fund Has $4.32 Million Stake in Aqua America, Inc. (NYSE:WTR)
Texas Permanent School Fund boosted its stake in shares of Aqua America, Inc. (NYSE:WTR) by 0.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 129,668 shares of the utilities provider’s stock after buying an additional 1,196 shares during the period. Texas Permanent School Fund owned about 0.07% of Aqua America worth $4,318,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Thompson Davis & CO. Inc. raised its position in shares of Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock valued at $106,000 after buying an additional 132 shares during the period. IFP Advisors Inc raised its position in shares of Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock valued at $125,000 after buying an additional 53 shares during the period. Benjamin F. Edwards & Company Inc. raised its position in shares of Aqua America by 10.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock worth $149,000 after buying an additional 431 shares during the last quarter. Huntington National Bank raised its position in shares of Aqua America by 6.7% in the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock worth $199,000 after buying an additional 375 shares during the last quarter. Finally, National Asset Management Inc. bought a new position in shares of Aqua America during the first quarter worth $202,000. 50.90% of the stock is owned by institutional investors.
Shares of Aqua America, Inc. (WTR) traded down 1.00% during midday trading on Friday, reaching $33.60. 519,058 shares of the company’s stock traded hands. Aqua America, Inc. has a 12 month low of $28.03 and a 12 month high of $34.41. The stock has a market cap of $5.97 billion, a P/E ratio of 25.65 and a beta of 0.52. The stock has a 50 day moving average of $33.29 and a 200-day moving average of $32.23.
Aqua America (NYSE:WTR) last announced 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. The business had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.33 earnings per share. On average, equities research analysts forecast that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th will be given a $0.2047 dividend. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Monday, August 14th. This represents a $0.82 annualized dividend and a yield of 2.44%. Aqua America’s payout ratio is currently 58.78%.
Several equities research analysts have commented on WTR shares. Zacks Investment Research cut shares of Aqua America from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Northcoast Research started coverage on shares of Aqua America in a research report on Thursday, May 25th. They set a “neutral” rating on the stock. Finally, BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $32.25.
In other news, Director Richard H. Glanton sold 4,200 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total value of $137,886.00. Following the sale, the director now owns 2,207 shares of the company’s stock, valued at $72,455.81. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, COO Richard Scott Fox sold 5,750 shares of the business’s stock in a transaction that occurred on 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 sale, the chief operating officer now directly owns 18,788 shares in the company, valued at approximately $617,937.32. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
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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