Aqua America, Inc. (NYSE:WTR) declared a dec 17 dividend on Thursday, October 26th, RTT News reports. Stockholders of record on Friday, November 17th will be paid a dividend of 0.2047 per share by the utilities provider on Friday, December 1st. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, November 16th.
Aqua America has raised its dividend by an average of 5.9% per year over the last three years and has raised its dividend every year for the last 9 years. Aqua America has a dividend payout ratio of 60.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Aqua America to earn $1.44 per share next year, which means the company should continue to be able to cover its $0.82 annual dividend with an expected future payout ratio of 56.9%.
Shares of Aqua America (NYSE WTR) opened at $37.09 on Wednesday. The firm has a market cap of $6,475.04, a PE ratio of 27.40, a P/E/G ratio of 4.23 and a beta of 0.57. Aqua America has a 1-year low of $29.02 and a 1-year high of $37.12. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48.
Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, hitting the consensus estimate of $0.43. The business had revenue of $215.01 million during the quarter, compared to the consensus estimate of $234.40 million. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.41 earnings per share. analysts forecast that Aqua America will post 1.36 EPS for the current fiscal year.
Several research firms recently weighed in on WTR. reaffirmed a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a report on Sunday, October 1st. raised shares of Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Aqua America in a report on Wednesday, November 1st. raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Tuesday, October 3rd. Finally, Barclays PLC upped their price objective on shares of Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, September 22nd. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Aqua America presently has a consensus rating of “Buy” and an average price target of $38.20.
In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $34.46, for a total value of $430,715.54. Following the sale, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, VP David Smeltzer sold 10,000 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total transaction of $363,600.00. Following the completion of the sale, the vice president now owns 71,397 shares in the company, valued at $2,595,994.92. The disclosure for this sale can be found here. Over the last quarter, insiders acquired 75,500 shares of company stock worth $11,325. 0.25% of the stock is owned by company 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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