Aqua America Inc (WTR) was Reiterated by Barclays to “Equal Weight” according to the research note released today. The brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 . Barclays advised their investors in a research report released on May 5, 2016.
Many Wall Street Analysts have commented on Aqua America Inc. Company shares were Reiterated by Argus on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .
On the company’s financial health, Aqua America Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $192.60 million for the quarter, compared to analysts expectations of $197.66 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.
Aqua America Inc opened for trading at $31.74 and hit $32.9 on the upside on Wednesday, eventually ending the session at $32.62, with a gain of 1.02% or 0.33 points. The heightened volatility saw the trading volume jump to 9,75,422 shares. Company has a market cap of $5,775 M.
In a different news, on Mar 16, 2016, Robert A Rubin (Chief Accounting Officer) sold 9,375 shares at $31.68 per share price. According to the SEC, on Mar 16, 2016, Nicholas Debenedictis (director) sold 100,531 shares at $31.52 per share price. On Mar 7, 2016, David Smeltzer (Executive VP & CFO) sold 10,000 shares at $31.42 per share price, according to the Form-4 filing with the securities and exchange commission.
Aqua America Inc. 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. Its largest operating subsidiary is Aqua Pennsylvania Inc. which provides water or wastewater services to approximately one-half of the total number of people the Company serves. Its other regulated utility subsidiaries provide similar services in seven other states. In addition its non-regulated subsidiary Aqua Resources Inc. provides liquid waste hauling and disposal; water and wastewater services; water and wastewater line repair service and protection solutions to households; designs and builds water and wastewater systems and provides other non-regulated water and wastewater services among others. The Companys non-regulated subsidiary Aqua Infrastructure LLC provides non-utility raw water supply services for firms in the natural gas drilling industry.