Aqua America (NYSE:WTR) Rating Upped
Aqua America (NYSE:WTR)’s “Market Perform” rating is no longer valid. Equities researchers at Wells Fargo upped WTR’s rating to “Outperform”.
Out of 7 analysts covering Aqua America, 5 rate it a Buy, 5 indicate a Hold while 1 suggest a Sell. The highest target is $36 and the lowest is $27 according to Thomson/First Call. The 12-month mean target is $32.43, which means downside potential of 9.49% over the current price.
Wills Financial Group Inc. had the biggest stake with ownership of 181,491 shares as of Q2 2015 for 4.83% of the US equity exposure. Water Asset Management Llc is another notably bullish fund who is owning 131,310 shares of Aqua America or 3.39% of their US equity exposure. Furthermore, Mitchell Sinkler & Starr Pa have 2.62% of their US equity exposure invested in the company for 54,779 shares. The Missouri-based fund Cutter & Co Brokerage Inc. revealed it had purchased so far a stake worth about 2.02% of the fund’s stock portfolio in Aqua America. The Massachusetts-based fund Contravisory Investment Management Inc. is also positive about the stock, possessing 151,928 shares or 1.88% of their US equity exposure.
Aqua America (NYSE:WTR) Profile
Aqua America, Inc. is a holding company. The Company is engaged 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.
Aqua America (NYSE:WTR) traded up 1.50% on 19 October, hitting $35.83. A total of 117,651 shares of the company’s stock traded hands. This is down from average of 422,976 shares. Aqua America has a 52 week low of $28.03 and a 52 week high of $36.06. The company has a market cap of $6.37 billion and a P/E ratio of 27.36.
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