YHB Investment Advisors Inc. Increases Position in Aqua America, Inc. (NYSE:WTR)
YHB Investment Advisors Inc. boosted its position in Aqua America, Inc. (NYSE:WTR) by 14.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,717 shares of the utilities provider’s stock after buying an additional 9,261 shares during the period. YHB Investment Advisors Inc.’s holdings in Aqua America were worth $2,421,000 at the end of the most recent quarter.
Other institutional investors also recently modified their holdings of the company. Sei Investments Co. increased its position in Aqua America by 11.8% in the second quarter. Sei Investments Co. now owns 13,210 shares of the utilities provider’s stock worth $440,000 after buying an additional 1,398 shares in the last quarter. First Manhattan Co. increased its position in Aqua America by 5.0% in the second quarter. First Manhattan Co. now owns 354,635 shares of the utilities provider’s stock worth $11,809,000 after buying an additional 17,012 shares in the last quarter. Texas Permanent School Fund boosted its stake in Aqua America by 0.9% in the second quarter. Texas Permanent School Fund now owns 129,668 shares of the utilities provider’s stock worth $4,318,000 after buying an additional 1,196 shares during the last quarter. World Asset Management Inc boosted its stake in Aqua America by 2.3% in the second quarter. World Asset Management Inc now owns 11,273 shares of the utilities provider’s stock worth $375,000 after buying an additional 250 shares during the last quarter. Finally, Benedict Financial Advisors Inc. boosted its stake in Aqua America by 2.4% in the second quarter. Benedict Financial Advisors Inc. now owns 70,880 shares of the utilities provider’s stock worth $2,387,000 after buying an additional 1,686 shares during the last quarter. Institutional investors and hedge funds own 50.90% of the company’s stock.
Aqua America, Inc. (NYSE:WTR) traded down 1.00% during trading on Friday, reaching $33.60. 519,058 shares of the company were exchanged. The stock has a 50 day moving average price of $33.29 and a 200 day moving average price of $32.23. The firm has a market capitalization of $5.97 billion, a PE ratio of 25.65 and a beta of 0.52. Aqua America, Inc. has a 12 month low of $28.03 and a 12 month high of $34.41.
Aqua America (NYSE:WTR) last posted its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The firm had revenue of $203.40 million during the quarter, compared to analyst estimates of $208.28 million. During the same period in the previous year, the company earned $0.33 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts expect that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be issued a dividend of $0.2047 per share. The ex-dividend date is Monday, August 14th. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.44%. Aqua America’s payout ratio is 58.78%.
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A number of research analysts have issued reports on WTR shares. BidaskClub cut shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Zacks Investment Research cut shares of Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. Finally, Northcoast Research assumed coverage on shares of Aqua America in a report on Thursday, May 25th. They set a “neutral” rating for the company. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Aqua America presently has an average rating of “Hold” and a consensus price target of $32.25.
In other Aqua America news, Director Richard H. Glanton sold 4,200 shares of the company’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.83, for a total value of $137,886.00. Following the sale, the director now directly owns 2,207 shares in the company, valued at $72,455.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Richard Scott Fox sold 5,750 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $32.89, for a total value of $189,117.50. Following the sale, the chief operating officer now owns 18,788 shares in the company, valued at approximately $617,937.32. The disclosure for this sale can be found here. 0.25% of the stock is owned by insiders.
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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