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Aqua America
Type
Public
Traded as NYSE: WTR
S&P 400 Component
Industry Water Services
Founded 1886
Headquarters Bryn Mawr, Pennsylvania
Key people
Christopher H. Franklin, CEO
Revenue IncreaseUS$671M (FY 2009)
Net income
IncreaseUS$104M (FY 2009)
Total assets IncreaseUS$3.76B (FY 2009)
Total equity IncreaseUS$1.11B (FY 2009)
Number of employees
1700
Website www.aquaamerica.com

Aqua America is a water and wastewater utility company that serves about 3 million people in Pennsylvania, Ohio, North Carolina, Illinois, Texas, New Jersey, Indiana and Virginia. The company provides drinking water and wastewater treatment infrastructure and services.

The company began in Pennsylvania and remains headquartered in Bryn Mawr.

The company began January 4, 1886 by the founding of the Springfield Water Company. The company changed its name to the Philadelphia Suburban Water Company (PSW). By 1925 the company provided water to 58 municipalities.

The company was incorporated in 1989.

The current CEO, Christopher H. Franklin, took his position in 2015.

The company partners with Penn Virginia operating subsidiaries to provide water to hydraulic fracturing operations in the Marcellus Shale formation. The company commits to transitioning its Pennsylvania vehicle fleet to compressed natural gas (CNG) within five years.

In the United States, many water utilities remain publicly owned. Water was supplied by 55,000 separate water systems in 2006. However, US and global companies have business models which involve the privatization of utilities to achieve profitability from economy of scale. Additionally, cash-strapped municipalities see benefit to selling their water supply assets.

From 1993 to 2013 Aqua America completed 300 acquisitions. In recent years the company has purchased smaller private utilities across the 12 states, gradually extending southward. Such acquisition comprises the bulk of Aqua America's stated business model.

In January 1998 Aqua America, then known as the Philadelphia Suburban Water Company (PSW) purchased the West Chester, PA municipal water utility assets. Acquisitions of large private companies included the purchases of AquaSource in 2003, Heater and Florida Water Services in 2004, and the New York Water Service Corporation in 2007.

The company's largest subsidiary is Aqua Pennsylvania, which has been a part of Aqua America since 1996 and accounts for slightly more than half of 2007 operating revenue and provides water services to 50% of the company's total customer base. Aqua Pennsylvania operates in the greater urban and suburban Philadelphia area.

The non-utility subsidiary Aqua Resources, Inc. is not regulated. They provide operations and maintenance contracts, liquid waste hauling, and water and wastewater system maintenance and repair.


Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q3 2019 2019-11-04 0.48 0.38
Q2 2019 2019-08-06 0.37 0.25
Q1 2019 2019-05-02 0.28 0.09
Q4 2018 2019-02-18 0.31 -0.02
Q3 2018 2018-11-05 0.44 0.44

Ratings

2016-05-05 Boost Price Target Barclays Equal Weight $33.00 to $35.00
2016-05-05 Boost Price Target Barclays PLC Equal Weight $33.00 to $35.00
2016-04-19 Reiterated Rating US Capital Advisors Hold
2016-03-21 Boost Price Target Argus Buy $34.00 to $35.00
2016-03-18 Boost Price Target Barclays Equal Weight $31.00 to $33.00
2016-03-04 Initiated Coverage Boenning Scattergood Neutral
2016-03-03 Reiterated Rating Robert W. Baird Outperform $34.00
2016-01-26 Boost Price Target Argus Buy $29.00 to $34.00
2016-01-15 Boost Price Target HSBC Buy $32.00 to $33.00
2016-01-07 Downgrade Ladenburg Thalmann Buy to Neutral $33.00
2016-01-04 Lower Price Target Barclays Equal Weight $31.00 to $30.00
2015-12-21 Downgrade Hilliard Lyons Neutral to Underperform $27.00
2015-10-13 Boost Price Target Ladenburg Thalmann Buy $30.00 to $32.00
2015-09-22 Boost Price Target Macquarie $26.00 to $26.50
2015-07-22 Downgrade Hilliard Lyons Buy to Neutral
2015-06-09 Reiterated Rating HSBC Overweight $31.00 to $32.00
2015-03-25 Upgrade Robert W. Baird Neutral to Outperform
2015-03-24 Initiated Coverage Janney Montgomery Scott Buy
2014-11-04 Upgrade Hilliard Lyons Neutral to Buy $30.00
2014-09-05 Reiterated Rating Argus Buy $29.00
2014-08-05 Upgrade Macquarie Underperform to Neutral $23.00
2014-06-18 Boost Price Target Argus Buy $26.00 to $29.00
2014-03-03 Lower Price Target Brean Capital $33.00 to $31.00
2013-12-16 Upgrade Hilliard Lyons Neutral to Buy
2013-11-11 Boost Price Target Brean Capital Buy $30.00 to $33.00
2013-05-02 Reiterated Brean Capital Buy $36 to $38
2013-02-26 Reiterated Brean Capital Buy $35 to $36
2013-02-07 Reiterated Brean Capital Buy $29 to $35
2012-11-05 Upgrade Hilliard Lyons Neutral to Long-term Buy $29
2012-08-23 Reiterated Ladenburg Thalmann Buy $25 to $27.50
2011-06-09 Initiated Ladenburg Thalmann Buy
2011-05-09 Reiterated Brean Murray Buy $26 to $29
2011-02-28 Reiterated Hilliard Lyons Buy $23 to $25
2011-01-31 Downgrade HSBC Securities Overweight to Underweight
2009-08-10 Initiated Longbow Neutral
2009-08-07 Downgrade HSBC Securities Overweight to Neutral $24 to $20
2009-05-19 Upgrade Janney Mntgmy Scott Neutral to Buy
2016-05-05 Boost Price Target Barclays Equal Weight $33.00 to $35.00
2016-05-05 Boost Price Target Barclays PLC Equal Weight $33.00 to $35.00
2016-04-19 Reiterated Rating US Capital Advisors Hold
2016-03-21 Boost Price Target Argus Buy $34.00 to $35.00
2016-03-18 Boost Price Target Barclays Equal Weight $31.00 to $33.00

There is presents forecasts of rating agencies and recommendations for investors about this ticker

Major Shareholders

Name Relationship Total Shares Holding stocks
Franklin Chris Exec. VP & COO Reg. Ops 0.07%  (118947) ITC / WTR /
SMELTZER DAVID Executive VP & CFO 0.05%  (81273) WTR /
SORDONI ANDREW J III 0.04%  (72607) HSC / WTR /
RUBIN ROBERT A Chief Accounting Officer 0.04%  (70915) WTR /
KYRISS KARL Exec. VP/ Pres. Cap Ventures 0.03%  (44369) WTR /
DEBENEDICTIS NICHOLAS CHAIRMAN & PRESIDENT 0.02%  (44030) EXC / GLT / MG / WTR /
Luning Christopher Paul Sr. VP, General Counsel & Sec 0.02%  (43929) WTR /
GREENBERG LON R 0.02%  (33361) ABC / AMP / APU / UGI / WTR /
HANKOWSKY WILLIAM P 0.02%  (30253) CFG / LPT / WTR /
Ruff Ellen T 0.01%  (25428) MG / WTR /
CARROLL MARY 0.01%  (24079) WTR /
FOX RICHARD SCOTT Chief Operating Officer 0.01%  (18004) WTR /
SCHULLER DANIEL Executive Vice President 0.01%  (17733) WTR /
Ross William C Sr. VP Engineering and Environ 0.01%  (16772) WTR /
Mele Mario 0.01%  (14800) WTR /
HOLLAND WENDELL F 0.01%  (14178) BMTC / WTR /