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. It serves approximately three million residential water, commercial water, fire protection, industrial water, wastewater, and other water and utility customers in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia. The company was formerly known as Philadelphia Suburban Corporation and changed its name to Aqua America, Inc. in 2004. Aqua America, Inc. was founded in 1968 and is based in Bryn Mawr, Pennsylvania.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Water supply
Sub-IndustryWater Utilities
SectorUtilities
SymbolNYSE:WTR
CUSIP03836W10
Phone610-527-8000
Debt
Debt-to-Equity Ratio1.09
Current Ratio0.75
Quick Ratio0.68
Price-To-Earnings
Trailing P/E Ratio27.53
Forward P/E Ratio26.94
P/E Growth5
Sales & Book Value
Annual Sales$809.53 million
Price / Sales8.29
Cash Flow$2.1610 per share
Price / Cash17.45
Book Value$11.02 per share
Price / Book3.42
Profitability
EPS (Most Recent Fiscal Year)$1.37
Net Income$239.73 million
Net Margins29.97%
Return on Equity12.71%
Return on Assets3.87%
Miscellaneous
Employees1,530
Outstanding Shares177,910,000
Market Cap$6.63 billion
Aqua America (NYSE:WTR) Frequently Asked Questions
What is Aqua America's stock symbol?
Aqua America trades on the New York Stock Exchange (NYSE) under the ticker symbol "WTR."
How often does Aqua America pay dividends? What is the dividend yield for Aqua America?
Aqua America declared a quarterly dividend on Friday, July 20th. Shareholders of record on Friday, August 17th will be paid a dividend of $0.219 per share on Saturday, September 1st. This represents a $0.88 annualized dividend and a yield of 2.32%. The ex-dividend date of this dividend is Thursday, August 16th. This is a boost from Aqua America's previous quarterly dividend of $0.20. View Aqua America's Dividend History.
How were Aqua America's earnings last quarter?
Aqua America Inc (NYSE:WTR) posted its quarterly earnings data on Wednesday, August, 1st. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.01. The utilities provider had revenue of $211.90 million for the quarter, compared to the consensus estimate of $211.73 million. Aqua America had a net margin of 29.97% and a return on equity of 12.71%. The business's quarterly revenue was up 4.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 earnings per share. View Aqua America's Earnings History.
When is Aqua America's next earnings date?
What guidance has Aqua America issued on next quarter's earnings?
Aqua America issued an update on its FY18 earnings guidance on Wednesday, August, 1st. The company provided EPS guidance of $1.37 -1.42 for the period, compared to the Thomson Reuters consensus estimate of $1.40.
What price target have analysts set for WTR?
7 Wall Street analysts have issued twelve-month price targets for Aqua America's stock. Their forecasts range from $32.00 to $43.00. On average, they expect Aqua America's stock price to reach $37.8333 in the next year. This suggests a possible upside of 0.3% from the stock's current price. View Analyst Price Targets for Aqua America.
What is the consensus analysts' recommendation for Aqua America?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Aqua America in the last year. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Aqua America.
What are Wall Street analysts saying about Aqua America stock?
Here are some recent quotes from research analysts about Aqua America stock:
- 1. According to Zacks Investment Research, "In a year’s time of Aqua America’s shares have outperformed its industry’s rally. Aqua America continues to benefit from its expanding customer base resulting from acquisitions and organic initiatives. The company aims to invest more than $1.4 billion in the 2018-2020-time frame, which will improve its capability to serve its expanding customer base and lower dependence on other water suppliers. Aqua America, like other water utilities, was impacted by unfavorable weather conditions that reduce demand for water and increase expenses needed for repair of damaged infrastructure. Adherence to stringent regulations and increasing interest rates will increase the cost of financing capital projects. Moreover, contamination of water supplied might result in disruption of water services and lead the company to incur extra cost." (7/16/2018)
- 2. Boenning Scattergood analysts commented, "We lower WTR (which at a P/E of 25 times trades in-line with peers) to Neutral. Key Points: HB 1782 proposes decoupling in Pennsylvania. House Bill 1782 (link to pdf HERE) recently emerged from committee in the PA General Assembly, focusing on “Alternative Ratemaking” for regulated utilities. While a variety of mechanisms are outlined in the bill, including formula rates, performance-based rates, and multi-year rate plans, by far the biggest development in HB 1782 is the proposed adoption of decoupling. Pioneered in California, decoupling enables water utilities to offset lower volume sales with higher rates (thereby “decoupling” the top-line from volumetric sales). Overall, while HB 1782 does have some constructive elements, the potential implementation of decoupling in PA is concerning given the precedent set in other states, where the adoption of decoupling was the catalyst for a prolonged slide in regulatory climate." (4/24/2018)
- 3. Wells Fargo & Co analysts commented, "tuck-in" M&A arena and expectations for a constructive outcome in the upcoming PA rate relief case.As such, the firm upgraded shares of Aqua America from Market Perform to Outperform and raised its price target from $35 to $40.At the time of writing, shares of Aqua America were up 1.53 percent at $35.84.Analysts Jonathan Reeder, Neil Kalton and Sarah Akers said they are now increasingly convinced that potentially pursuing growth outside of the regulated water/wastewater space, namely gas LDC purchase or a non-regulated venture, is on the backburner for now.Instead, the analysts said the company is focused on capitalizing on the budding opportunities in the "tuck-in" (10/19/2017)
Who are some of Aqua America's key competitors?
Some companies that are related to Aqua America include American Water Works (AWK), Companhia de Saneamento Basico (SBS), American States Water (AWR), California Water Service Group (CWT), SJW Group (SJW), Connecticut Water Service (CTWS), Middlesex Water (MSEX), AquaVenture (WAAS), York Water (YORW), Artesian Resources Co. Class A (ARTNA), Cadiz (CDZI), Pure Cycle (PCYO), Global Water Resources (GWRS) and Consolidated Water (CWCO).
Who are Aqua America's key executives?
Aqua America's management team includes the folowing people:
- Mr. Christopher H. Franklin, Chairman, Pres & CEO (Age 53)
- Mr. David P. Smeltzer, Exec. VP & CFO (Age 59)
- Mr. Richard Scott Fox, Exec. VP & COO (Age 56)
- Mr. Christopher Paul Luning, Sr. VP, Gen. Counsel & Sec. (Age 50)
- Mr. Daniel J. Schuller, Exec. VP & Deputy CFO (Age 48)
Has Aqua America been receiving favorable news coverage?
News coverage about WTR stock has been trending somewhat positive this week, Accern reports. Accern scores the sentiment of press coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Aqua America earned a news and rumor sentiment score of 0.14 on Accern's scale. They also assigned press coverage about the utilities provider an impact score of 47.14 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term. View Recent Headlines for Aqua America.
Who are Aqua America's major shareholders?
Aqua America's stock is owned by a number of of retail and institutional investors. Top institutional investors include BlackRock Inc. (9.22%), Bank of New York Mellon Corp (1.46%), Dimensional Fund Advisors LP (0.52%), Legal & General Group Plc (0.52%), First Trust Advisors LP (0.52%) and Schwab Charles Investment Management Inc. (0.49%). Company insiders that own Aqua America stock include David Smeltzer, Jeff Sheppard, Richard H Glanton, Richard Scott Fox, Robert A Rubin and Tom Macneill. View Institutional Ownership Trends for Aqua America.
Which major investors are selling Aqua America stock?
WTR stock was sold by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, MetLife Investment Advisors LLC, Bank of America Corp DE, First Trust Advisors LP, IndexIQ Advisors LLC, Metropolitan Life Insurance Co. NY, California Public Employees Retirement System and Paloma Partners Management Co. Company insiders that have sold Aqua America company stock in the last year include David Smeltzer and Robert A Rubin. View Insider Buying and Selling for Aqua America.
Which major investors are buying Aqua America stock?
WTR stock was purchased by a variety of institutional investors in the last quarter, including Fenimore Asset Management Inc., BlackRock Inc., Rockland Trust Co., Millennium Management LLC, BLB&B Advisors LLC, Bright Rock Capital Management LLC, KBC Group NV and Farmers Trust Co.. Company insiders that have bought Aqua America stock in the last two years include Jeff Sheppard and Tom Macneill. View Insider Buying and Selling for Aqua America.
How do I buy shares of Aqua America?
Shares of WTR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Aqua America's stock price today?
One share of WTR stock can currently be purchased for approximately $37.71.
How big of a company is Aqua America?
Aqua America has a market capitalization of $6.63 billion and generates $809.53 million in revenue each year. The utilities provider earns $239.73 million in net income (profit) each year or $1.37 on an earnings per share basis. Aqua America employs 1,530 workers across the globe.
How can I contact Aqua America?
Aqua America's mailing address is 762 W. LANCASTER AVENUE, BRYN MAWR PA, 19010. The utilities provider can be reached via phone at 610-527-8000 or via email at [email protected]
MarketBeat Community Rating for Aqua America (NYSE WTR)
MarketBeat's community ratings are surveys of what our community members think about Aqua America and other stocks. Vote "Outperform" if you believe WTR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe WTR will underperform the S&P 500 over the long term. You may vote once every thirty days.
