Creative Planning trimmed its stake in Aqua America Inc (NYSE:WTR) by 2.0% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 78,583 shares of the utilities provider’s stock after selling 1,568 shares during the period. Creative Planning’s holdings in Aqua America were worth $2,864,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in WTR. Bank of New York Mellon Corp boosted its position in Aqua America by 0.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,614,754 shares of the utilities provider’s stock valued at $96,484,000 after buying an additional 9,236 shares during the period. Dimensional Fund Advisors LP boosted its position in Aqua America by 1.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 944,220 shares of the utilities provider’s stock valued at $34,839,000 after buying an additional 11,934 shares during the period. Renaissance Technologies LLC boosted its position in Aqua America by 258.9% in the 3rd quarter. Renaissance Technologies LLC now owns 222,600 shares of the utilities provider’s stock valued at $8,214,000 after buying an additional 160,583 shares during the period. Man Group plc boosted its position in Aqua America by 605.3% in the 3rd quarter. Man Group plc now owns 63,849 shares of the utilities provider’s stock valued at $2,356,000 after buying an additional 54,796 shares during the period. Finally, Thrivent Financial for Lutherans boosted its position in Aqua America by 5.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 42,920 shares of the utilities provider’s stock valued at $1,584,000 after buying an additional 2,387 shares during the period. 56.39% of the stock is owned by institutional investors.
NYSE:WTR opened at $38.64 on Monday. Aqua America Inc has a one year low of $32.09 and a one year high of $38.72. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.37 and a quick ratio of 0.33. The stock has a market capitalization of $6.88 billion, a PE ratio of 27.40, a price-to-earnings-growth ratio of 4.31 and a beta of 0.46.
Aqua America (NYSE:WTR) last posted its quarterly earnings results on Monday, February 18th. The utilities provider reported $0.31 EPS for the quarter, missing the consensus estimate of $0.32 by ($0.01). Aqua America had a net margin of 22.91% and a return on equity of 12.49%. The business had revenue of $205.75 million during the quarter, compared to the consensus estimate of $212.50 million. Research analysts forecast that Aqua America Inc will post 1.49 earnings per share for the current year.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, April 23rd. Macquarie set a $37.00 price target on shares of Aqua America and gave the company a “hold” rating in a report on Monday, April 22nd. ValuEngine lowered shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. UBS Group upgraded shares of Aqua America from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $42.00 in a report on Tuesday, March 19th. Finally, Janney Montgomery Scott restated a “buy” rating on shares of Aqua America in a report on Tuesday, February 5th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $38.83.
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Aqua America Company Profile
Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water 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; and water and sewer line protection solutions, and repair services to households through third-party.
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