Aqua America Inc (WTR) was Reiterated by Barclays to “Equal Weight” while Lowering the Price Target of the company shares to $ 34 from a previous price target of $38 . Barclays advised their investors in a research report released on Sep 6, 2016.
On the company’s financial health, Aqua America Inc reported $0.33 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $203.88 million for the quarter, compared to analysts expectations of $209.61 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.
Aqua America Inc closed down -0.04 points or -0.13% at $30.37 with 11,67,744 shares getting traded on Thursday. Post opening the session at $30.46, the shares hit an intraday low of $30.29 and an intraday high of $30.535 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.
In a different news, on May 26, 2016, Richard H Glanton (director) sold 280 shares at $31.77 per share price. According to the SEC, on May 19, 2016, David Smeltzer (Executive VP & CFO) sold 20,000 shares at $32.55 per share price. On May 12, 2016, Chris Franklin (Chief Executive Officer) sold 17,243 shares at $32.83 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.