Trading was heavy with 1,704K shares changing hands by the end of trading on Tuesday. Shares saw a steep increase in trading volume of 259.63% over the normal average daily volume.
Short traders are feeling a little more bearish on the company recently as evidenced by the rise in short interest. The company recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 0.99%. Short shares increased 66,774 over that period. Days to cover increased from 14.0 to 21.0 and the percentage of shorted shares is 0.04% as of October 13.
Aqua America, Inc. (NYSE:WTR) has been the object of insider selling activity recently. Robert A. Rubin, CAO reported the sale of 12,499 shares. The shares were purchased at an average price of $34.46. Rubin now owns $2,346,890 of the stock according to the SEC filing.
These firms have modified their investment in WTR. As of quarter end Duff & Phelps Investment Management Co had disposed of a total of 1,440 shares trimming its holdings by 1.4%. The value of the investment in WTR went from $3,476,000 to $3,416,000 a change of $60,000 since the last quarter. As of the end of the quarter Raymond James Financial Services Advisors, Inc. had bought 3,391 shares growing its stake by 5.0%. The value in dollars increased from $2,251,000 to $2,356,000 a change of 4.7% for the reporting period.
As of quarter end Aperio Group, LLC had bought 35,635 shares growing its position 17.5%. The value of the investment in (WTR) went from $6,790,000 to $7,950,000 increasing 17.1% quarter over quarter. As of quarter end Clear Harbor Asset Management, LLC had bought a total of 1,150 shares growing its stake by 4.3%. The value of the total investment in Aqua America, Inc. increased from $871,000 to $922,000 a change of $51,000 quarter to quarter.
September 22 investment analysts at Barclays made no change to the stock rating of “Overweight” and raised the price target from $34.00 to $38.00.
The company is up by 0.17% since yesterday’s close of $35.48. The company also announced a dividend payable on Friday the 1st of December 2017. The dividend payment will be $0.205 per share for the quarter which is $0.82 annualized. This dividend amount will represent a yield of $2.30. The ex-dividend date is as of Monday the 14th of August 2017.
Shares last traded at $35.48 which is just over $34.46, the 50 day moving average and slightly over the 200 day moving average of $33.48. The 50 day moving average was up $1.02 whereas the 200 day average was up by +5.99%.
The P/E ratio is 27.08 and the market cap is 6.30B. In the last earnings report the EPS was $1.31 and is projected to be $1.36 for the current year with 177,651,000 shares outstanding. Next quarter’s EPS is expected be $0.31 with next year’s EPS anticipated to be $1.44.
Aqua America, Inc. (Aqua America), launched on November 14, 1968, is a holding company. The Company, through its subsidiaries, is involved in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc. Its market-based activities are conducted through Aqua Resources, Inc. (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure). Aqua Resources provides water and wastewater service through operating and maintenance contracts with municipal authorities and other parties close to its utility companies’ service territories, and offers, through a third-party, water and sewer line repair service and protection solutions to households. Aqua Infrastructure provides non-utility raw water supply services for firms in the natural gas drilling industry..