Crossmark Global Holdings Inc. Has $622,000 Stake in Aqua America Inc (WTR)

Share on StockTwits

Crossmark Global Holdings Inc. reduced its stake in Aqua America Inc (NYSE:WTR) by 5.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,182 shares of the utilities provider’s stock after selling 1,047 shares during the period. Crossmark Global Holdings Inc.’s holdings in Aqua America were worth $622,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Farmers Trust Co. grew its stake in shares of Aqua America by 0.4% in the 4th quarter. Farmers Trust Co. now owns 96,628 shares of the utilities provider’s stock valued at $3,304,000 after purchasing an additional 393 shares during the period. Steward Partners Investment Advisory LLC grew its stake in shares of Aqua America by 2.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 21,032 shares of the utilities provider’s stock valued at $719,000 after purchasing an additional 528 shares during the period. BB&T Corp grew its stake in shares of Aqua America by 6.4% in the 4th quarter. BB&T Corp now owns 8,985 shares of the utilities provider’s stock valued at $307,000 after purchasing an additional 539 shares during the period. Benedict Financial Advisors Inc. grew its stake in shares of Aqua America by 0.9% in the 4th quarter. Benedict Financial Advisors Inc. now owns 73,466 shares of the utilities provider’s stock valued at $2,512,000 after purchasing an additional 642 shares during the period. Finally, Retirement Systems of Alabama grew its stake in shares of Aqua America by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 230,710 shares of the utilities provider’s stock valued at $7,888,000 after purchasing an additional 790 shares during the period. Institutional investors own 55.74% of the company’s stock.

Several equities research analysts have recently weighed in on WTR shares. Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Monday, October 22nd. Macquarie set a $35.00 price objective on Aqua America and gave the company a “hold” rating in a research note on Thursday, October 25th. ValuEngine lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Saturday, October 27th. Boenning Scattergood restated a “buy” rating and set a $43.00 price target on shares of Aqua America in a research report on Tuesday, November 6th. Finally, Wells Fargo & Co set a $35.00 price target on Aqua America and gave the stock a “hold” rating in a research report on Tuesday, November 6th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Aqua America currently has an average rating of “Hold” and a consensus target price of $37.50.

NYSE WTR opened at $35.86 on Thursday. The company has a market cap of $6.39 billion, a P/E ratio of 26.18, a price-to-earnings-growth ratio of 4.54 and a beta of 0.47. Aqua America Inc has a one year low of $32.09 and a one year high of $38.24. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.46 and a current ratio of 0.52.

The firm also recently declared a mar 19 dividend, which will be paid on Friday, March 1st. Investors of record on Friday, February 15th will be given a dividend of $0.219 per share. The ex-dividend date of this dividend is Thursday, February 14th. This represents a yield of 2.5%. Aqua America’s dividend payout ratio (DPR) is presently 64.23%.

ILLEGAL ACTIVITY WARNING: This piece of content was first reported by Macon Daily and is owned by of Macon Daily. If you are reading this piece of content on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this piece of content can be read at https://macondaily.com/2019/02/14/crossmark-global-holdings-inc-has-622000-stake-in-aqua-america-inc-wtr.html.

About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater 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.

See Also: How do buyers and sellers choose a strike price?

Want to see what other hedge funds are holding WTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aqua America Inc (NYSE:WTR).

Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

Receive News & Ratings for Aqua America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply