Aqua America, Inc. was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $34.82–$37.52 in the past one-month time frame, witnessed a sharp increase on Thursday.
The move came after the company’s board of directors approved a hike in quarterly dividend rate by 9.9%.
The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Aqua America currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Utility - Water Supply industry may consider a better-ranked stock like Brady Corporation (BRC - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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