What’s Propelling Aqua America Inc (WTR) to Increase? The Stock Formed a Bullish Double Top

September 23, 2017 - By Henry Gaston

Investors sentiment decreased to 1.1 in Q2 2017. Its down 0.01, from 1.11 in 2017Q1. It worsened, as 25 investors sold Aqua America Inc shares while 109 reduced holdings. 26 funds opened positions while 122 raised stakes. 89.18 million shares or 1.16% more from 88.15 million shares in 2017Q1 were reported.
Rockland has invested 1.94% in Aqua America Inc (NYSE:WTR). Pennsylvania-based Pnc Svcs Grp Incorporated has invested 0.01% in Aqua America Inc (NYSE:WTR). Shelton Capital holds 0.03% or 13,254 shares in its portfolio. Arcadia Inv Mngmt Mi reported 0.08% in Aqua America Inc (NYSE:WTR). 1St Source National Bank & Trust holds 0.03% or 9,239 shares in its portfolio. Moreover, Commerzbank Aktiengesellschaft Fi has 0.01% invested in Aqua America Inc (NYSE:WTR) for 10,251 shares. 104,370 were reported by Duff & Phelps Invest. Clearbridge Invs Limited Liability Co holds 425 shares or 0% of its portfolio. Los Angeles Capital Equity Inc reported 176,077 shares or 0.04% of all its holdings. Blume Capital Mngmt stated it has 0.19% in Aqua America Inc (NYSE:WTR). City Holding holds 0.05% or 3,862 shares. 292,412 were accumulated by Proshare Limited Company. Whittier Trust Com Of Nevada holds 0.05% of its portfolio in Aqua America Inc (NYSE:WTR) for 15,250 shares. Moreover, Raymond James And Assoc has 0.01% invested in Aqua America Inc (NYSE:WTR) for 176,306 shares. Investment Centers Of America invested in 7,009 shares or 0.02% of the stock.

Since June 6, 2017, it had 0 insider purchases, and 2 insider sales for $327,017 activity. 5,750 shares valued at $189,118 were sold by FOX RICHARD SCOTT on Tuesday, June 6.

The chart of Aqua America Inc (WTR) shows a double top with $34.76 target or 3.00 % above today’s $33.75 share price. The 9 months chart pattern indicates low risk for the $6.04 billion company. It was reported on Sep, 23 by Finviz.com. If the $34.76 price target is reached, the company will be worth $181.20M more. Double tops are rare but powerful chart patterns.

The stock increased 0.78% or $0.26 on September 22, reaching $33.75. About 595,696 shares traded or 47.36% up from the average. Aqua America Inc (NYSE:WTR) has risen 0.64% since September 23, 2016 and is uptrending. It has underperformed by 16.06% the S&P500.

Analysts await Aqua America Inc (NYSE:WTR) to report earnings on November, 7. They expect $0.44 earnings per share, up 7.32 % or $0.03 from last year’s $0.41 per share. WTR’s profit will be $78.74 million for 19.18 P/E if the $0.44 EPS becomes a reality. After $0.34 actual earnings per share reported by Aqua America Inc for the previous quarter, Wall Street now forecasts 29.41 % EPS growth.

Aqua America Inc (NYSE:WTR) Ratings Coverage

Among 8 analysts covering Aqua America Inc. (NYSE:WTR), 4 have Buy rating, 1 Sell and 3 Hold. Therefore 50% are positive. Aqua America Inc. had 16 analyst reports since July 23, 2015 according to SRatingsIntel. The company was maintained on Thursday, August 3 by Boenning & Scattergood. On Thursday, July 23 the stock rating was downgraded by Hilliard Lyons to “Hold”. The stock of Aqua America Inc (NYSE:WTR) has “Overweight” rating given on Friday, September 22 by Barclays Capital. The firm has “Buy” rating given on Tuesday, October 13 by Ladenburg Thalmann. The firm earned “Equal Weight” rating on Tuesday, September 6 by Barclays Capital. The stock of Aqua America Inc (NYSE:WTR) earned “Hold” rating by Robert W. Baird on Friday, August 25. The stock of Aqua America Inc (NYSE:WTR) has “Neutral” rating given on Thursday, January 7 by Ladenburg Thalmann. The stock of Aqua America Inc (NYSE:WTR) has “Equal-Weight” rating given on Friday, March 18 by Barclays Capital. Hilliard Lyons downgraded Aqua America Inc (NYSE:WTR) on Monday, December 21 to “Underperform” rating. The stock has “Neutral” rating by Robert W. Baird on Friday, October 14.

More notable recent Aqua America Inc (NYSE:WTR) news were published by: Seekingalpha.com which released: “Aqua America: Slow And Steady” on March 16, 2017, also Fool.com with their article: “Why Aqua America, Inc. Shareholders Have Nothing to Worry About” published on April 11, 2017, Fool.com published: “Better Buy: American Water Works vs. Aqua America” on June 28, 2017. More interesting news about Aqua America Inc (NYSE:WTR) were released by: Fool.com and their article: “3 Things That Could Bring Aqua America Down” published on January 23, 2017 as well as Nasdaq.com‘s news article titled: “Aqua America, Inc. (WTR) Ex-Dividend Date Scheduled for August 14, 2017” with publication date: August 11, 2017.

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