Are Aqua America Inc (NYSE:WTR) Shares a Sell Now? Hilliard Lyons Has Downgraded Stock


Aqua America Inc (NYSE:WTR) Receives a Downgrade

In analysts report revealed to clients and investors today, Hilliard Lyons cut shares of Aqua America Inc (NYSE:WTR) to a “Underperform” rating from the previous “Neutral” rating.

From a total of 7 analysts covering Aqua America Inc. (NYSE:WTR) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $35 while the lowest target price is $26.5. The mean of all analyst targets is $30.93 with a -4.13% below today’s ($30.51) stock price. Aqua America Inc. was the topic of 3 analyst reports since July 23, 2015 according to the firm StockzIntelligence Inc. Ladenburg Thalmann maintained shares on October 13 with “Buy” rating.

The stock increased 1.40% or $0.42 on December 18, striking $30.51. Approximately shares of stock traded hands. Aqua America Inc (NYSE:WTR) has risen 14.10% since May 18, 2015 and is uptrending. It has outperformed by 19.91% the S&P500.

The overall sentiment of institutions has increased to 1.25 in Q2 2015. Its up 0.15, from 1.1 in 2015Q2. The ratio is positive, as 23 institutions have sold all the shares of Aqua America Inc that they owned while 108 funds have taken shares off the table. 40 funds have purchased shares for the first time while 124 added to their positions. These institutions now hold 92.07 million shares or 14.76% more than the 80.23 million shares they owned in 2015Q2.

The Fund Water Asset Management Llc currently is holding shares equating to 8.21% of its total portfolio in Aqua America Inc representing a total of 540,860 shares. Another fund,Wills Financial Group Inc., is holding a total of 195,027 shares equating to 4.76% of their holdings. Additionally, Robecosam Usa Inc. has a 97,330 share stake in Aqua America Inc which represents 3.72% of their total portfolio. The Fund, Mitchell Sinkler & Starr Pa, based out of Pennsylvania, has also built up a stake in the stock, which represents a total of 2.5% of their total portfolio. Finally Impax Asset Management Ltd, a fund which is based in the state of United Kingdom reported a total holdings of 1.20 million shares.

Insider activity is a very important aspect to track on any stock. Going back to March 25, 2015, shareholders of Aqua America Inc have witnessed 0 insider buys, and a total of 4 insider sales equating to a net activity of approximately $979,920 . Franklin Chris sold 10,000 shares worth approximately $251,976. Luning Christopher Paul sold 24,677 shares worth approximately $666,279. Ross William C sold 1,203 shares worth approximately $32,481. Glanton Richard H sold 2,300 shares worth approximately $59,229. The company insider Smeltzer David sold 18,750 shares worth $506,250.

Aqua America, Inc. is a holding company. The company has a market cap of $5.38 billion. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana, and Virginia. It has 24.38 P/E ratio. The Company’s largest operating subsidiary is Aqua Pennsylvania, Inc., which provides water or wastewater services to approximately one-half of the total number of people the Company serves.

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.”