Aqua America Inc (NYSE:WTR) Short Interest Down 6.9% in May

Aqua America Inc (NYSE:WTR) was the recipient of a significant decline in short interest in the month of May. As of May 31st, there was short interest totalling 10,445,000 shares, a decline of 6.9% from the April 30th total of 11,215,500 shares. Currently, 5.9% of the company’s shares are sold short. Based on an average trading volume of 1,700,000 shares, the short-interest ratio is currently 6.1 days.

Several institutional investors have recently bought and sold shares of the company. Bremer Bank National Association acquired a new stake in Aqua America during the first quarter worth approximately $25,000. Signaturefd LLC grew its position in Aqua America by 1,365.2% during the first quarter. Signaturefd LLC now owns 674 shares of the utilities provider’s stock worth $25,000 after buying an additional 628 shares in the last quarter. Resources Investment Advisors Inc. acquired a new stake in Aqua America during the fourth quarter worth approximately $34,000. Meridian Wealth Management LLC acquired a new stake in Aqua America during the first quarter worth approximately $36,000. Finally, Norway Savings Bank acquired a new stake in Aqua America during the second quarter worth approximately $37,000. 47.52% of the stock is currently owned by institutional investors.

WTR has been the subject of a number of research analyst reports. Zacks Investment Research cut Guaranty Federal Bancshares from a “hold” rating to a “sell” rating in a research note on Tuesday, April 23rd. HSBC set a $46.00 price target on Aqua America and gave the company a “buy” rating in a report on Friday, June 28th. Janney Montgomery Scott restated a “buy” rating and issued a $44.00 price target (up from $41.00) on shares of Aqua America in a report on Monday, May 6th. They noted that the move was a valuation call. UBS Group lowered Huaneng Power International Inc ADR Class N from a “neutral” rating to a “sell” rating in a report on Tuesday, March 19th. Finally, ValuEngine lowered Acceleron Pharma from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $40.67.

WTR traded down $0.19 on Friday, hitting $41.00. 1,266,543 shares of the company were exchanged, compared to its average volume of 818,760. Aqua America has a 12 month low of $32.09 and a 12 month high of $42.14. The company has a market cap of $8.89 billion, a P/E ratio of 29.08, a PEG ratio of 4.66 and a beta of 0.44. The company has a current ratio of 0.33, a quick ratio of 0.29 and a debt-to-equity ratio of 1.24. The company has a fifty day moving average price of $40.82.

Aqua America (NYSE:WTR) last released its quarterly earnings data on Thursday, May 2nd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.30 by ($0.02). Aqua America had a net margin of 18.71% and a return on equity of 12.40%. The business had revenue of $201.10 million during the quarter, compared to the consensus estimate of $201.17 million. During the same quarter in the prior year, the company earned $0.29 EPS. Aqua America’s quarterly revenue was up 3.5% on a year-over-year basis. On average, equities research analysts predict that Aqua America will post 1.47 earnings per share for the current fiscal year.

Aqua America Company Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through third-party.

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