Aqua America Inc (NYSE:WTR) has earned an average rating of “Hold” from the eleven analysts that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $40.67.
A number of brokerages have issued reports on WTR. HSBC set a $46.00 target price on shares of Aqua America and gave the company a “buy” rating in a research note on Friday, June 28th. UBS Group lowered shares of Huaneng Power International Inc ADR Class N from a “neutral” rating to a “sell” rating in a research note on Tuesday, March 19th. Argus lifted their price objective on shares of Aqua America from $2.00 to $43.00 in a research note on Wednesday, June 5th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. Finally, Janney Montgomery Scott reaffirmed a “buy” rating and issued a $44.00 price objective (up previously from $41.00) on shares of Aqua America in a research note on Monday, May 6th. They noted that the move was a valuation call.
Shares of NYSE:WTR opened at $41.00 on Tuesday. The firm’s fifty day moving average is $40.82. The firm has a market cap of $8.85 billion, a price-to-earnings ratio of 29.08, a P/E/G ratio of 4.64 and a beta of 0.44. Aqua America has a 12-month low of $32.09 and a 12-month high of $42.14. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.24.
Aqua America (NYSE:WTR) last issued its earnings results on Thursday, May 2nd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). The company had revenue of $201.10 million for the quarter, compared to analyst estimates of $201.17 million. Aqua America had a net margin of 18.71% and a return on equity of 12.40%. The company’s quarterly revenue was up 3.5% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. Sell-side analysts expect that Aqua America will post 1.47 earnings per share for the current year.
Several hedge funds have recently added to or reduced their stakes in the stock. 6 Meridian raised its holdings in Aqua America by 1.8% in the 2nd quarter. 6 Meridian now owns 14,182 shares of the utilities provider’s stock worth $587,000 after acquiring an additional 244 shares during the period. ETF Managers Group LLC raised its holdings in Aqua America by 7.7% in the 1st quarter. ETF Managers Group LLC now owns 4,258 shares of the utilities provider’s stock worth $155,000 after acquiring an additional 303 shares during the period. First Personal Financial Services raised its holdings in Aqua America by 1.2% in the 1st quarter. First Personal Financial Services now owns 29,987 shares of the utilities provider’s stock worth $1,093,000 after acquiring an additional 345 shares during the period. Tortoise Index Solutions LLC raised its holdings in Aqua America by 7.8% in the 1st quarter. Tortoise Index Solutions LLC now owns 4,890 shares of the utilities provider’s stock worth $178,000 after acquiring an additional 354 shares during the period. Finally, Mid Atlantic Financial Management Inc. ADV raised its holdings in Aqua America by 4.0% in the 1st quarter. Mid Atlantic Financial Management Inc. ADV now owns 10,301 shares of the utilities provider’s stock worth $375,000 after acquiring an additional 400 shares during the period. 47.52% of the stock is owned by institutional investors and hedge funds.
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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