Aqua America Inc (NYSE:WTR) has been given a consensus recommendation of “Hold” by the nine analysts that are presently covering the firm, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $36.80.
Several brokerages have weighed in on WTR. ValuEngine raised Aqua America from a “hold” rating to a “buy” rating in a report on Wednesday, August 8th. Boenning Scattergood reissued a “hold” rating on shares of Aqua America in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a report on Monday, July 16th.
NYSE WTR traded up $0.01 on Wednesday, hitting $37.49. 318,900 shares of the company were exchanged, compared to its average volume of 586,716. The company has a market cap of $6.65 billion, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 5.01 and a beta of 0.33. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.09. Aqua America has a 1-year low of $32.37 and a 1-year high of $39.55.
Aqua America (NYSE:WTR) last issued its quarterly earnings results on Wednesday, August 1st. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.01. The business had revenue of $211.90 million for the quarter, compared to the consensus estimate of $211.73 million. Aqua America had a net margin of 29.97% and a return on equity of 12.71%. The firm’s quarterly revenue was up 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.34 EPS. equities analysts expect that Aqua America will post 1.4 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Saturday, September 1st. Stockholders of record on Friday, August 17th were paid a $0.219 dividend. The ex-dividend date was Thursday, August 16th. This is a boost from Aqua America’s previous quarterly dividend of $0.20. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.34%. Aqua America’s dividend payout ratio is 64.23%.
Several hedge funds have recently made changes to their positions in WTR. Tompkins Financial Corp bought a new stake in shares of Aqua America in the 2nd quarter valued at about $128,000. City Holding Co. bought a new stake in shares of Aqua America in the 2nd quarter valued at about $136,000. Envestnet Asset Management Inc. increased its stake in shares of Aqua America by 70.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,295 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 1,780 shares during the last quarter. Headinvest LLC bought a new stake in shares of Aqua America in the 2nd quarter valued at about $201,000. Finally, Planning Directions Inc. bought a new stake in shares of Aqua America in the 2nd quarter valued at about $202,000. 54.02% of the stock is owned by institutional investors.
About Aqua America
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.
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