Aperio Group LLC lowered its stake in Aqua America Inc. (NYSE:WTR) by 8.6% during the third quarter, Holdings Channel reports. The firm owned 183,452 shares of the company’s stock after selling 17,320 shares during the period. Aperio Group LLC’s holdings in Aqua America were worth $5,592,000 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 company. Vanguard Group Inc. increased its stake in Aqua America by 3.8% in the second quarter. Vanguard Group Inc. now owns 14,910,774 shares of the company’s stock valued at $531,718,000 after buying an additional 545,819 shares during the period. State Street Corp increased its stake in Aqua America by 5.2% in the second quarter. State Street Corp now owns 9,250,088 shares of the company’s stock valued at $329,861,000 after buying an additional 458,292 shares during the period. First Trust Advisors LP increased its stake in Aqua America by 233.8% in the third quarter. First Trust Advisors LP now owns 628,197 shares of the company’s stock valued at $19,147,000 after buying an additional 440,013 shares during the period. WBI Investments Inc. purchased a new stake in Aqua America during the second quarter valued at about $13,412,000. Finally, BlackRock Fund Advisors increased its stake in Aqua America by 4.9% in the second quarter. BlackRock Fund Advisors now owns 6,476,132 shares of the company’s stock valued at $230,939,000 after buying an additional 305,007 shares during the period. 48.11% of the stock is currently owned by hedge funds and other institutional investors.
Aqua America Inc. (NYSE:WTR) traded up 1.27% on Monday, hitting $30.99. 609,676 shares of the stock traded hands. Aqua America Inc. has a 12-month low of $28.03 and a 12-month high of $35.83. The stock has a 50-day moving average of $29.64 and a 200-day moving average of $31.85. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 25.82 and a beta of 0.47.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Tuesday, November 1st. The company reported $0.41 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.01. Aqua America had a net margin of 25.97% and a return on equity of 13.19%. The business earned $226.60 million during the quarter, compared to analysts’ expectations of $223.61 million. During the same period in the previous year, the company earned $0.38 earnings per share. Aqua America’s revenue for the quarter was up 2.5% on a year-over-year basis. Analysts forecast that Aqua America Inc. will post $1.32 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 1st. Stockholders of record on Wednesday, November 16th will be paid a $0.1913 dividend. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.50%. The ex-dividend date is Monday, November 14th. Aqua America’s payout ratio is 64.71%.
WTR has been the subject of several recent analyst reports. Hilliard Lyons reissued an “underperform” rating and set a $27.00 price objective on shares of Aqua America in a report on Wednesday, September 14th. Barclays PLC decreased their price objective on shares of Aqua America from $38.00 to $34.00 and set an “equal weight” rating for the company in a report on Tuesday, September 6th. Robert W. Baird initiated coverage on shares of Aqua America in a report on Friday, October 14th. They set a “neutral” rating and a $32.00 price objective for the company. Finally, Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating in a report on Tuesday, September 13th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Aqua America has a consensus rating of “Hold” and a consensus price target of $32.43.
In other news, Director Richard H. Glanton sold 4,650 shares of the business’s stock in a transaction on Tuesday, September 27th. The shares were sold at an average price of $31.20, for a total value of $145,080.00. Following the completion of the sale, the director now directly owns 4,583 shares in the company, valued at $142,989.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.33% of the stock is currently owned by insiders.
About Aqua America
Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.