Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in shares of Aqua America Inc (NYSE:WTR) by 2.4% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 148,045 shares of the utilities provider’s stock after buying an additional 3,524 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. owned approximately 0.08% of Aqua America worth $5,208,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Aqua America by 2.4% during the first quarter. BlackRock Inc. now owns 16,087,084 shares of the utilities provider’s stock worth $547,925,000 after purchasing an additional 377,415 shares during the period. Schwab Charles Investment Management Inc. raised its position in shares of Aqua America by 4.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 835,885 shares of the utilities provider’s stock worth $28,471,000 after purchasing an additional 35,936 shares during the period. Commonwealth Equity Services LLC raised its position in shares of Aqua America by 4.1% during the second quarter. Commonwealth Equity Services LLC now owns 291,506 shares of the utilities provider’s stock worth $10,255,000 after purchasing an additional 11,470 shares during the period. MetLife Investment Advisors LLC raised its position in shares of Aqua America by 97.3% during the first quarter. MetLife Investment Advisors LLC now owns 221,852 shares of the utilities provider’s stock worth $7,556,000 after purchasing an additional 109,425 shares during the period. Finally, Suntrust Banks Inc. raised its position in shares of Aqua America by 84.7% during the first quarter. Suntrust Banks Inc. now owns 34,627 shares of the utilities provider’s stock worth $1,178,000 after purchasing an additional 15,878 shares during the period. Hedge funds and other institutional investors own 54.06% of the company’s stock.

Shares of Aqua America stock opened at $37.71 on Monday. Aqua America Inc has a 52-week low of $32.37 and a 52-week high of $39.55. The company has a market capitalization of $6.63 billion, a P/E ratio of 27.53, a PEG ratio of 5.00 and a beta of 0.42. The company has a current ratio of 0.75, a quick ratio of 0.68 and a debt-to-equity ratio of 1.09.

Aqua America (NYSE:WTR) last announced its earnings results on Wednesday, August 1st. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.01. Aqua America had a return on equity of 12.71% and a net margin of 29.97%. The business had revenue of $211.90 million for the quarter, compared to analyst estimates of $211.73 million. During the same quarter last year, the firm earned $0.34 EPS. Aqua America’s revenue for the quarter was up 4.2% compared to the same quarter last year. research analysts forecast that Aqua America Inc will post 1.4 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, September 1st. Shareholders of record on Friday, August 17th will be paid a $0.219 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.32%. This is an increase from Aqua America’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Thursday, August 16th. Aqua America’s dividend payout ratio (DPR) is currently 59.85%.

A number of equities research analysts recently issued reports on the company. Zacks Investment Research lowered Aqua America from a “hold” rating to a “sell” rating in a research report on Saturday, July 7th. ValuEngine lowered Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, May 10th. Finally, Boenning Scattergood reissued a “hold” rating on shares of Aqua America in a research report on Wednesday, May 9th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.29.

About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.

Recommended Story: Stock Symbol

Want to see what other hedge funds are holding WTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aqua America Inc (NYSE:WTR).

Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

Receive News & Ratings for Aqua America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America and related companies with MarketBeat.com's FREE daily email newsletter.