Is Aqua America, Inc. (WTR) a Buy? The Stock Formed Bullish Multiple Top Chart Pattern

Aqua America, Inc. (NYSE:WTR) Logo

Investors sentiment increased to 1.29 in Q2 2018. Its up 0.26, from 1.03 in 2018Q1. It increased, as 15 investors sold Aqua America, Inc. shares while 114 reduced holdings. 47 funds opened positions while 119 raised stakes. 94.11 million shares or 0.08% more from 94.04 million shares in 2018Q1 were reported.
Wells Fargo And Commerce Mn reported 591,767 shares or 0.01% of all its holdings. Envestnet Asset Inc holds 4,295 shares or 0% of its portfolio. Indexiq Advisors Limited Liability owns 74,604 shares. Reaves W H And has invested 0.09% in Aqua America, Inc. (NYSE:WTR). Mitsubishi Ufj Tru Corp holds 22,107 shares. Miller Howard Investments invested in 0.04% or 50,096 shares. 18,150 were accumulated by Connor Clark & Lunn Investment Mgmt. The Pennsylvania-based Pennsylvania Co has invested 0.12% in Aqua America, Inc. (NYSE:WTR). 383,745 are held by Massachusetts Fin Ma. Cetera Advisor Net Ltd Com invested 0.02% of its portfolio in Aqua America, Inc. (NYSE:WTR). City Holdg accumulated 3,862 shares. Tower Rech Lc (Trc) invested in 5,409 shares. Smithfield invested in 0.06% or 15,082 shares. Veritable Limited Partnership reported 5,947 shares. Employees Retirement System Of Ohio holds 77,297 shares.

Since November 14, 2018, it had 5 buys, and 0 selling transactions for $1.47 million activity. Hilferty Daniel J III bought $99,929 worth of Aqua America, Inc. (NYSE:WTR) on Thursday, November 15. The insider SCHULLER DANIEL bought $100,528. Another trade for 3,096 shares valued at $100,156 was made by FOX RICHARD SCOTT on Thursday, November 15. STEWART LEE C also bought $329,500 worth of Aqua America, Inc. (NYSE:WTR) on Wednesday, November 14.

The stock of Aqua America, Inc. (WTR) shows a multiple tops pattern with $37.03 target or 8.00 % above today’s $34.29 share price. The 5 months chart pattern indicates low risk for the $6.10B company. It was reported on Dec, 2 by Finviz.com. If the $37.03 price target is reached, the company will be worth $488.16M more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock increased 1.42% or $0.48 during the last trading session, reaching $34.29. About 1.34M shares traded or 95.53% up from the average. Aqua America, Inc. (NYSE:WTR) has risen 10.66% since December 2, 2017 and is uptrending. It has underperformed by 4.96% the S&P500.

Aqua America, Inc. (NYSE:WTR) Ratings Coverage

Among 2 analysts covering Aqua America (NYSE:WTR), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Aqua America had 2 analyst reports since August 20, 2018 according to SRatingsIntel. The stock has “Outperform” rating by Boenning \u0026 Scattergood on Monday, August 20.

More notable recent Aqua America, Inc. (NYSE:WTR) news were published by: Seekingalpha.com which released: “Should I Trade Aqua America For American Water Works? – Seeking Alpha” on November 26, 2018, also Seekingalpha.com with their article: “Dividend Champion Spotlight: Aqua America – Seeking Alpha” published on July 06, 2018, Bizjournals.com published: “Aqua America plans to acquire East Norriton’s wastewater assets for $21M – Philadelphia Business Journal” on November 05, 2018. More interesting news about Aqua America, Inc. (NYSE:WTR) were released by: Seekingalpha.com and their article: “Aqua America Will Hedge My Portfolio – Seeking Alpha” published on October 09, 2018 as well as Fool.com‘s news article titled: “3 Dividend Stocks That Are Perfect for Retirement – The Motley Fool” with publication date: November 15, 2018.

Aqua America, Inc., through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. The company has market cap of $6.10 billion. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. It has a 24.49 P/E ratio. The firm also provides water and wastewater line repair services, and protection solutions to households; and non-utility raw water supply services for firms in the natural gas drilling industry.

Aqua America, Inc. (NYSE:WTR) Ratings Chart

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