Aqua America Inc (NYSE:WTR) Declares Quarterly Dividend of $0.23

Aqua America Inc (NYSE:WTR) announced a quarterly dividend on Thursday, October 31st, RTT News reports. Shareholders of record on Friday, November 15th will be given a dividend of 0.2343 per share by the utilities provider on Sunday, December 1st. This represents a $0.94 dividend on an annualized basis and a yield of 2.16%. The ex-dividend date is Thursday, November 14th.

WTR stock opened at $43.32 on Tuesday. Aqua America has a 12-month low of $32.09 and a 12-month high of $46.90. The company has a quick ratio of 6.14, a current ratio of 6.19 and a debt-to-equity ratio of 0.75. The company has a market cap of $9.41 billion, a price-to-earnings ratio of 30.72, a PEG ratio of 4.91 and a beta of 0.33. The company has a 50 day moving average of $45.11 and a two-hundred day moving average of $42.31.

Aqua America (NYSE:WTR) last released its earnings results on Monday, November 4th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Aqua America had a net margin of 18.02% and a return on equity of 8.81%. The company had revenue of $243.60 million during the quarter, compared to the consensus estimate of $259.99 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The company’s revenue was up 7.7% compared to the same quarter last year. On average, research analysts anticipate that Aqua America will post 1.47 EPS for the current year.

In other Aqua America news, Director Daniel J. Hilferty III purchased 1,153 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $43.35 per share, for a total transaction of $49,982.55. Following the acquisition, the director now owns 8,720 shares of the company’s stock, valued at $378,012. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Daniel J. Hilferty III purchased 1,152 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were acquired at an average price of $43.38 per share, for a total transaction of $49,973.76. Following the acquisition, the director now directly owns 9,872 shares in the company, valued at approximately $428,247.36. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

WTR has been the subject of a number of research analyst reports. Bank of America initiated coverage on shares of Aqua America in a research report on Monday, July 15th. They issued a “buy” rating and a $45.00 target price for the company. Evercore ISI reiterated a “hold” rating and issued a $37.00 target price on shares of Aqua America in a research report on Sunday, August 11th. Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating and set a $48.00 target price for the company in a research report on Saturday, October 12th. Janney Montgomery Scott increased their target price on shares of Aqua America from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Monday, October 7th. Finally, Argus increased their target price on shares of Aqua America to $50.00 and gave the stock a “buy” rating in a research report on Monday, September 30th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $46.09.

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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Dividend History for Aqua America (NYSE:WTR)

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