Barclays Upgrades Aqua America Inc to Overweight with Price Target $36

Brokerage firm Barclays Upgrades its rating on Aqua America Inc(WTR). As per the latest information, Barclays Raises the price target to $36 per share from a prior target of $33. The shares have been rated Overweight. Previously, the analysts had a Equal-Weight rating on the shares. The rating by the stock financial advisor at Barclays was issued on Mar 17, 2017 in a research report to their Investors and Clients.

Aqua America Inc (WTR) made into the market gainers list on Wednesdays trading session with the shares advancing 0.19% or 0.06 points. Due to strong positive momentum, the stock ended at $31.96, which is also near the day’s high of $32.21. The stock began the session at $31.91 and the volume stood at 4,82,198 shares. The 52-week high of the shares is $35.83 and the 52 week low is $28.03. The company has a current market capitalization of $5,671 M and it has 17,74,45,990 shares in outstanding.

Aqua America Inc(WTR) last announced its earnings results on Feb 22, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $196.799M. Analysts had an estimated revenue of $208.270M. Earnings per share were $0.28. Analysts had estimated an EPS of $0.29.

Several Insider Transactions has been reported to the SEC. On Sep 29, 2016, Richard H Glanton (director) sold 4,650 shares at $31.20 per share price.Also, On May 19, 2016, David Smeltzer (Executive VP & CFO) sold 20,000 shares at $32.55 per share price.On May 12, 2016, Chris Franklin (Chief Executive Officer) sold 17,243 shares at $32.83 per share price, according to the Form-4 filing with the securities and exchange commission.

Aqua America Inc. 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. Its 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. Its other regulated utility subsidiaries provide similar services in seven other states. In addition its non-regulated subsidiary Aqua Resources Inc. provides liquid waste hauling and disposal; water and wastewater services; water and wastewater line repair service and protection solutions to households; designs and builds water and wastewater systems and provides other non-regulated water and wastewater services among others. 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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