152,677 Shares in Aqua America Inc (NYSE:WTR) Acquired by Point72 Asset Management L.P.

Point72 Asset Management L.P. acquired a new position in Aqua America Inc (NYSE:WTR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 152,677 shares of the utilities provider’s stock, valued at approximately $6,316,000. Point72 Asset Management L.P. owned about 0.07% of Aqua America at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bremer Bank National Association bought a new position in shares of Aqua America in the first quarter worth approximately $25,000. Signaturefd LLC boosted its stake in Aqua America by 1,365.2% in the first quarter. Signaturefd LLC now owns 674 shares of the utilities provider’s stock worth $25,000 after buying an additional 628 shares in the last quarter. Krane Funds Advisors LLC purchased a new stake in Aqua America in the second quarter worth approximately $25,000. Oakworth Capital Inc. purchased a new stake in Aqua America in the second quarter worth approximately $28,000. Finally, Centersquare Investment Management LLC purchased a new stake in Aqua America in the second quarter worth approximately $32,000. Institutional investors own 65.17% of the company’s stock.

In other Aqua America news, Director Daniel J. Hilferty III purchased 1,152 shares of the company’s stock in a transaction that occurred on Monday, September 9th. The stock was bought at an average price of $43.38 per share, with a total value of $49,973.76. Following the completion of the purchase, the director now directly owns 9,872 shares of the company’s stock, valued at approximately $428,247.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Daniel J. Hilferty III purchased 1,153 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $43.35 per share, with a total value of $49,982.55. Following the purchase, the director now directly owns 8,720 shares of the company’s stock, valued at $378,012. The disclosure for this purchase can be found here. Corporate insiders own 0.30% of the company’s stock.



Several analysts have issued reports on WTR shares. Evercore ISI reaffirmed a “hold” rating and issued a $37.00 target price on shares of Aqua America in a research note on Sunday, August 11th. Wells Fargo & Co set a $47.00 target price on Aqua America and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. UBS Group lowered Aqua America from a “buy” rating to a “neutral” rating and upped their target price for the stock from $42.00 to $45.00 in a research note on Thursday, August 8th. They noted that the move was a valuation call. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating and set a $47.00 target price for the company in a research note on Thursday, August 22nd. Finally, HSBC set a $46.00 target price on Aqua America and gave the stock a “buy” rating in a research note on Friday, June 28th. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $43.00.

Shares of NYSE:WTR traded up $0.49 during trading on Tuesday, reaching $44.90. 487,678 shares of the company traded hands, compared to its average volume of 976,248. The firm has a market capitalization of $9.66 billion, a price-to-earnings ratio of 31.84, a P/E/G ratio of 5.00 and a beta of 0.37. Aqua America Inc has a 52-week low of $32.09 and a 52-week high of $45.50. The company has a current ratio of 5.31, a quick ratio of 5.27 and a debt-to-equity ratio of 0.72. The business’s fifty day moving average is $43.73 and its 200-day moving average is $40.22.

Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.02). The company had revenue of $218.90 million for the quarter, compared to analysts’ expectations of $221.07 million. Aqua America had a net margin of 17.18% and a return on equity of 10.13%. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $0.37 EPS. On average, sell-side analysts predict that Aqua America Inc will post 1.47 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 1st. Stockholders of record on Friday, August 16th were paid a dividend of $0.2343 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.09%. The ex-dividend date was Thursday, August 15th. This is a positive change from Aqua America’s previous quarterly dividend of $0.22. Aqua America’s dividend payout ratio is 66.67%.

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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Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

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