Aqua America Inc (NYSE:WTR) Shares Sold by Mitchell Sinkler & Starr PA

Mitchell Sinkler & Starr PA decreased its stake in Aqua America Inc (NYSE:WTR) by 4.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,162 shares of the utilities provider’s stock after selling 823 shares during the quarter. Mitchell Sinkler & Starr PA’s holdings in Aqua America were worth $662,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Ruggie Capital Group bought a new stake in shares of Aqua America during the fourth quarter worth $26,000. Resources Investment Advisors Inc. bought a new stake in shares of Aqua America during the fourth quarter worth $34,000. Bell Rock Capital LLC raised its position in shares of Aqua America by 308.3% during the fourth quarter. Bell Rock Capital LLC now owns 1,327 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 1,002 shares during the last quarter. First Command Bank bought a new stake in shares of Aqua America during the fourth quarter worth $46,000. Finally, First Command Financial Services Inc. bought a new stake in shares of Aqua America during the fourth quarter worth $46,000. 56.38% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently weighed in on WTR shares. Janney Montgomery Scott restated a “buy” rating on shares of Aqua America in a research report on Tuesday, February 5th. UBS Group upgraded Aqua America from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $42.00 in a research report on Tuesday, March 19th. Finally, Boenning Scattergood restated a “buy” rating and set a $43.00 target price on shares of Aqua America in a research report on Wednesday, January 30th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Aqua America presently has an average rating of “Hold” and an average target price of $38.50.

Shares of Aqua America stock traded down $0.30 during trading hours on Monday, hitting $36.48. The company’s stock had a trading volume of 2,193,800 shares, compared to its average volume of 738,319. Aqua America Inc has a 12 month low of $32.09 and a 12 month high of $38.24. The company has a market capitalization of $6.29 billion, a P/E ratio of 25.87, a price-to-earnings-growth ratio of 3.81 and a beta of 0.46. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.37 and a quick ratio of 0.33.

Aqua America (NYSE:WTR) last announced its quarterly earnings results on Monday, February 18th. The utilities provider reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.01). The business had revenue of $205.75 million during the quarter, compared to the consensus estimate of $212.50 million. Aqua America had a return on equity of 12.49% and a net margin of 22.91%. On average, equities analysts anticipate that Aqua America Inc will post 1.49 EPS for the current fiscal year.

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Aqua America Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater 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.

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

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