California State Teachers Retirement System Sells 30,667 Shares of Aqua America Inc (WTR)
California State Teachers Retirement System lowered its position in shares of Aqua America Inc (NYSE:WTR) by 9.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 297,228 shares of the utilities provider’s stock after selling 30,667 shares during the quarter. California State Teachers Retirement System owned 0.17% of Aqua America worth $9,865,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Investment Centers of America Inc. boosted its position in Aqua America by 0.4% during the 2nd quarter. Investment Centers of America Inc. now owns 7,009 shares of the utilities provider’s stock worth $233,000 after acquiring an additional 27 shares during the last quarter. Suntrust Banks Inc. boosted its position in Aqua America by 0.8% during the 2nd quarter. Suntrust Banks Inc. now owns 18,574 shares of the utilities provider’s stock worth $618,000 after acquiring an additional 154 shares during the last quarter. ELCO Management Co. LLC boosted its position in Aqua America by 1.5% during the 2nd quarter. ELCO Management Co. LLC now owns 11,056 shares of the utilities provider’s stock worth $368,000 after acquiring an additional 166 shares during the last quarter. Utah Retirement Systems boosted its position in Aqua America by 0.6% during the 2nd quarter. Utah Retirement Systems now owns 32,521 shares of the utilities provider’s stock worth $1,083,000 after acquiring an additional 200 shares during the last quarter. Finally, Buckingham Asset Management LLC boosted its holdings in shares of Aqua America by 2.8% in the 2nd quarter. Buckingham Asset Management LLC now owns 9,080 shares of the utilities provider’s stock valued at $302,000 after buying an additional 250 shares during the last quarter. 51.60% of the stock is owned by hedge funds and other institutional investors.
In related news, VP David Smeltzer sold 10,000 shares of the stock in a transaction 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 sale, the vice president now owns 71,397 shares in the company, valued at approximately $2,595,994.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last 90 days, insiders purchased 108,500 shares of company stock worth $14,175. 0.25% of the stock is owned by company insiders.
Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $215.01 million during the quarter, compared to the consensus estimate of $234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.41 EPS. analysts forecast that Aqua America Inc will post 1.36 earnings per share for the current year.
The firm also recently declared a dec 17 dividend, which was paid on Friday, December 1st. Investors of record on Friday, November 17th were paid a $0.2047 dividend. This represents a yield of 2.3%. The ex-dividend date of this dividend was Thursday, November 16th. Aqua America’s dividend payout ratio (DPR) is presently 61.65%.
Several equities research analysts have recently commented on the company. Robert W. Baird reissued a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a report on Wednesday, November 1st. Hilliard Lyons raised Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Zacks Investment Research downgraded Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Argus increased their price objective on Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Finally, Wells Fargo & Co raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a report on Thursday, October 19th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Aqua America currently has a consensus rating of “Buy” and a consensus target price of $38.67.
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Aqua America 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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