The stock of Aqua America Inc (NYSE:WTR) hit a new 52-week low and has $26.38 target or 8.00% below today’s $28.67 share price. The 9 months bearish chart indicates high risk for the $4.99B company. The 1-year low was reported on Nov, 10 by Barchart.com. If the $26.38 price target is reached, the company will be worth $399.20M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock decreased 1.98% or $0.58 during the last trading session, hitting $28.67. About 1.27M shares traded hands or 45.40% up from the average. Aqua America Inc (NYSE:WTR) has declined 7.50% since April 8, 2016 and is downtrending. It has underperformed by 13.14% the S&P500.
Aqua America Inc (NYSE:WTR) Ratings Coverage
Out of 6 analysts covering Aqua America Inc. (NYSE:WTR), 2 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 33% are positive. Aqua America Inc. has been the topic of 11 analyst reports since July 23, 2015 according to StockzIntelligence Inc. As per Thursday, July 23, the company rating was downgraded by Hilliard Lyons. Argus Research maintained it with “Buy” rating and $35 target price in Monday, March 21 report. Argus Research maintained it with “Buy” rating and $34.0 target price in Tuesday, January 26 report. The stock of Aqua America Inc (NYSE:WTR) has “Buy” rating given on Tuesday, October 13 by Ladenburg Thalmann. The firm has “Neutral” rating by Ladenburg Thalmann given on Thursday, January 7. The stock has “Equal Weight” rating given by Barclays Capital on Tuesday, September 6. The firm has “Neutral” rating given on Friday, October 14 by Robert W. Baird. The stock has “Underperform” rating given by Hilliard Lyons on Monday, December 21. The firm has “Equal-Weight” rating given on Friday, March 18 by Barclays Capital.
According to Zacks Investment Research, “Aqua America is one of the largest U.S.-based, publicly traded water utilities and serves nearly 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia.”
Insitutional Activity: The institutional sentiment decreased to 1.1 in 2016 Q2. Its down 0.15, from 1.25 in 2016Q1. The ratio fall, as 19 funds sold all Aqua America Inc shares owned while 118 reduced positions. 31 funds bought stakes while 120 increased positions. They now own 81.01 million shares or 3.23% less from 83.71 million shares in 2016Q1.
Louisiana State Employees Retirement has 0.09% invested in the company for 47,100 shares. Davis R M holds 0.02% or 9,415 shares in its portfolio. Moreover, Texas Permanent School Fund has 0.06% invested in Aqua America Inc (NYSE:WTR) for 135,545 shares. Hanseatic Management Service Inc last reported 1,371 shares in the company. Acadian Asset Ltd Liability holds 0% or 44 shares in its portfolio. Neuberger Berman Group Ltd last reported 0% of its portfolio in the stock. Shelton Capital has 0.05% invested in the company for 16,931 shares. Blackrock Inv Mngmt Limited Liability Company holds 555,092 shares or 0.03% of its portfolio. Federated Pa, a Pennsylvania-based fund reported 755,627 shares. Royal Bank & Trust Of Canada owns 380,979 shares or 0.01% of their US portfolio. Ledyard Financial Bank accumulated 3,067 shares or 0.02% of the stock. Ifc Holdings Fl has 0.1% invested in the company for 26,214 shares. Oppenheimer And owns 22,253 shares or 0.02% of their US portfolio. Hightower Advsr Ltd has 0.02% invested in the company for 35,164 shares. Fmr Lc holds 0% or 14,063 shares in its portfolio.
Insider Transactions: Since September 8, 2016, the stock had 0 insider purchases, and 2 sales for $155,344 net activity. Another trade for 4,650 shares valued at $145,080 was made by GLANTON RICHARD H on Tuesday, September 27.
More notable recent Aqua America Inc (NYSE:WTR) news were published by: Fool.com which released: “Acquisitions Continue to Drive Growth at Aqua America Inc” on February 24, 2016, also Forbes.com with their article: “Aqua America Stock Getting Very Oversold” published on October 06, 2016, Forbes.com published: “Aqua America (WTR) Shares Enter Oversold Territory” on June 06, 2016. More interesting news about Aqua America Inc (NYSE:WTR) were released by: Businesswire.com and their article: “Aqua America Promotes Szczygiel to Vice President, Finance and Treasurer” published on August 05, 2016 as well as Philly.com‘s news article titled: “Business People on the Move: Aqua America Inc. hires HR director” with publication date: August 01, 2016.
WTR Company Profile
Aqua America, Inc. (Aqua America), incorporated on November 14, 1968, 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. The Firm is the holding firm for its primary subsidiary, Aqua Pennsylvania, Inc. The Company’s market activities are conducted through Aqua Resources Inc. and Aqua Infrastructure, LLC. Aqua Resources Inc. provides water and wastewater service through operating and maintenance contracts with municipal authorities and other parties in close proximity to its utility companies’ service territories; offers, through a third party, water and wastewater line repair service and protection solutions to households; inspects, cleans and repairs storm and sanitary wastewater lines; installs and tests devices that manage the contamination of potable water; creates and manufactures water and wastewater systems, and provides other market water and wastewater services. The Company’s non-regulated subsidiary, Aqua Infrastructure LLC, provides non-utility raw water supply services for firms in the natural gas drilling industry.
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