Sigma Planning Corp Has $633,000 Stake in Aqua America Inc (WTR)

Sigma Planning Corp lifted its position in Aqua America Inc (NYSE:WTR) by 13.3% in the first quarter, Holdings Channel reports. The institutional investor owned 17,366 shares of the utilities provider’s stock after purchasing an additional 2,036 shares during the period. Sigma Planning Corp’s holdings in Aqua America were worth $633,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc raised its stake in shares of Aqua America by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 18,400,307 shares of the utilities provider’s stock valued at $678,972,000 after buying an additional 256,460 shares in the last quarter. Legal & General Group Plc grew its holdings in shares of Aqua America by 4.3% in the 4th quarter. Legal & General Group Plc now owns 950,380 shares of the utilities provider’s stock worth $32,494,000 after purchasing an additional 39,453 shares during the last quarter. Penn Capital Management Co. Inc. grew its holdings in shares of Aqua America by 12.3% in the 4th quarter. Penn Capital Management Co. Inc. now owns 25,387 shares of the utilities provider’s stock worth $2,571,000 after purchasing an additional 2,789 shares during the last quarter. Massey Quick Simon & CO. LLC grew its holdings in shares of Aqua America by 120.5% in the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,098 shares of the utilities provider’s stock worth $40,000 after purchasing an additional 600 shares during the last quarter. Finally, Community Bank N.A. grew its holdings in shares of Aqua America by 18.9% in the 4th quarter. Community Bank N.A. now owns 9,830 shares of the utilities provider’s stock worth $336,000 after purchasing an additional 1,560 shares during the last quarter. Institutional investors and hedge funds own 56.28% of the company’s stock.

Shares of NYSE:WTR opened at $38.65 on Friday. Aqua America Inc has a 12 month low of $32.09 and a 12 month high of $39.08. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.33 and a current ratio of 0.33. The stock has a market cap of $8.14 billion, a price-to-earnings ratio of 27.41, a P/E/G ratio of 4.23 and a beta of 0.48.

Aqua America (NYSE:WTR) last issued its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Aqua America had a return on equity of 12.40% and a net margin of 18.71%. The company had revenue of $201.10 million for the quarter, compared to the consensus estimate of $201.17 million. During the same period in the prior year, the company earned $0.29 EPS. The firm’s revenue was up 3.5% compared to the same quarter last year. Analysts expect that Aqua America Inc will post 1.49 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, June 1st. Shareholders of record on Friday, May 17th will be issued a dividend of $0.219 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Thursday, May 16th. Aqua America’s dividend payout ratio is currently 62.41%.

Several equities research analysts have recently weighed in on WTR shares. Boenning Scattergood reaffirmed a “buy” rating and issued a $43.00 target price on shares of Aqua America in a report on Wednesday, January 30th. Janney Montgomery Scott reissued a “buy” rating on shares of Aqua America in a report on Tuesday, February 5th. UBS Group raised shares of Aqua America from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $42.00 in a report on Tuesday, March 19th. ValuEngine lowered shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Macquarie set a $37.00 price objective on shares of Aqua America and gave the stock a “hold” rating in a report on Monday, April 22nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $39.57.

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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 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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