Today’s Stock Alert: Aqua America Inc (NYSE:WTR) Institutional Investor Positioning

November 29, 2016 - By Louis Casey   ·   0 Comments

Today's Stock Alert: Aqua America Inc (NYSE:WTR) Institutional Investor Positioning

Sentiment for Aqua America Inc (NYSE:WTR)

Aqua America Inc (NYSE:WTR) institutional sentiment decreased to 1.08 in Q2 2016. Its down -0.02, from 1.1 in 2016Q1. The ratio worsened, as 151 funds started new or increased stock positions, while 137 decreased and sold their stakes in Aqua America Inc. The funds in our partner’s database now have: 81.01 million shares, down from 83.71 million shares in 2016Q1. Also, the number of funds holding Aqua America Inc in their top 10 stock positions was flat from 4 to 4 for the same number . Sold All: 19 Reduced: 118 Increased: 120 New Position: 31.

Aqua America, Inc. is a holding company. The company has a market cap of $5.61 billion. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It has a 26.06 P/E ratio. It is the holding firm for its subsidiary, Aqua Pennsylvania, Inc.

About 296,195 shares traded hands. Aqua America Inc (NYSE:WTR) has declined 1.59% since April 26, 2016 and is downtrending. It has underperformed by 6.85% the S&P500.

Analysts await Aqua America Inc (NYSE:WTR) to report earnings on February, 28. They expect $0.29 earnings per share, up 3.57% or $0.01 from last year’s $0.28 per share. WTR’s profit will be $52.11 million for 26.91 P/E if the $0.29 EPS becomes a reality. After $0.41 actual earnings per share reported by Aqua America Inc for the previous quarter, Wall Street now forecasts -29.27% negative EPS growth.

According to Zacks Investment Research, “Aqua America is one of the largest U.S.-based, publicly traded water utilities and serves nearly 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia.”

Water Asset Management Llc holds 12.07% of its portfolio in Aqua America Inc for 368,310 shares. Wills Financial Group Inc. owns 188,422 shares or 5.59% of their US portfolio. Moreover, Mitchell Sinkler & Starr Pa has 2.7% invested in the company for 55,529 shares. The Missouri-based Cutter & Co Brokerage Inc. has invested 2.43% in the stock. Contravisory Investment Management Inc., a Massachusetts-based fund reported 200,903 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 0 insider purchases, and 2 insider sales for $155,344 net activity.

Aqua America Inc (NYSE:WTR) Ratings Coverage

Ratings analysis reveals 33% of Aqua America Inc.’s analysts are positive. Out of 6 Wall Street analysts rating Aqua America Inc., 2 give it “Buy”, 1 “Sell” rating, while 3 recommend “Hold”. The lowest target is $26.50 while the high is $35. The stock’s average target of $32.08 is 2.75% above today’s ($31.22) share price. WTR was included in 11 notes of analysts from July 23, 2015. Argus Research maintained Aqua America Inc (NYSE:WTR) rating on Tuesday, January 26. Argus Research has “Buy” rating and $34.0 price target. Hilliard Lyons downgraded Aqua America Inc (NYSE:WTR) on Thursday, July 23 to “Hold” rating. Barclays Capital maintained it with “Equal-Weight” rating and $33 target price in Friday, March 18 report. Argus Research maintained Aqua America Inc (NYSE:WTR) on Monday, March 21 with “Buy” rating. The rating was maintained by Ladenburg Thalmann on Tuesday, October 13 with “Buy”. As per Friday, October 14, the company rating was initiated by Robert W. Baird. As per Thursday, January 7, the company rating was downgraded by Ladenburg Thalmann. The rating was downgraded by Hilliard Lyons to “Underperform” on Monday, December 21. The firm earned “Equal Weight” rating on Tuesday, September 6 by Barclays Capital.

WTR Company Profile

Aqua America, Inc. (Aqua America), incorporated on November 14, 1968, is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Firm is the holding firm for its primary subsidiary, Aqua Pennsylvania, Inc. The Company’s market activities are conducted through Aqua Resources Inc. and Aqua Infrastructure, LLC. Aqua Resources Inc. provides water and wastewater service through operating and maintenance contracts with municipal authorities and other parties in close proximity to its utility companies’ service territories; offers, through a third party, water and wastewater line repair service and protection solutions to households; inspects, cleans and repairs storm and sanitary wastewater lines; installs and tests devices that manage the contamination of potable water; creates and manufactures water and wastewater systems, and provides other market water and wastewater services. The Company’s non-regulated subsidiary, Aqua Infrastructure LLC, provides non-utility raw water supply services for firms in the natural gas drilling industry.

More notable recent Aqua America Inc (NYSE:WTR) news were published by: Forbes.com which released: “Aqua America Stock Getting Very Oversold” on October 06, 2016, also Fool.com with their article: “Acquisitions Continue to Drive Growth at Aqua America Inc” published on February 24, 2016, Forbes.com published: “Aqua America (WTR) Shares Enter Oversold Territory” on August 11, 2016. More interesting news about Aqua America Inc (NYSE:WTR) were released by: Philly.com and their article: “Did Aqua America court a power company?” published on March 27, 2016 as well as Nasdaq.com‘s news article titled: “Aqua America, Inc. (WTR) Ex-Dividend Date Scheduled for November 14, 2016” with publication date: November 11, 2016.

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By Louis Casey

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