BRYN MAWR TRUST Co lessened its holdings in shares of Aqua America Inc (NYSE:WTR) by 54.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 43,414 shares of the utilities provider’s stock after selling 51,663 shares during the period. BRYN MAWR TRUST Co’s holdings in Aqua America were worth $1,703,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Taylor Hoffman Wealth Management bought a new stake in Aqua America during the 4th quarter valued at approximately $139,000. Sigma Planning Corp bought a new stake in Aqua America during the 4th quarter valued at approximately $200,000. Headinvest LLC bought a new stake in Aqua America during the 3rd quarter valued at approximately $203,000. Telemus Capital LLC bought a new stake in Aqua America during the 4th quarter valued at approximately $204,000. Finally, Ironwood Investment Counsel LLC bought a new stake in Aqua America during the 4th quarter valued at approximately $205,000. 53.85% of the stock is currently owned by institutional investors.

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Shares of Aqua America stock opened at $33.62 on Thursday. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 1.03. Aqua America Inc has a 12 month low of $31.18 and a 12 month high of $39.55. The stock has a market capitalization of $5,999.08, a P/E ratio of 24.90, a price-to-earnings-growth ratio of 3.99 and a beta of 0.48.

Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.32 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.31 by $0.01. Aqua America had a return on equity of 12.68% and a net margin of 29.61%. The business had revenue of $203.30 million for the quarter, compared to the consensus estimate of $208.26 million. During the same quarter in the previous year, the company posted $0.28 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. sell-side analysts expect that Aqua America Inc will post 1.41 earnings per share for the current year.

The company also recently disclosed a mar 18 dividend, which was paid on Thursday, March 1st. Shareholders of record on Friday, February 16th were paid a $0.2047 dividend. This represents a yield of 0.00579722458227131%. The ex-dividend date was Thursday, February 15th. Aqua America’s payout ratio is 60.74%.

Several brokerages recently issued reports on WTR. UBS began coverage on Aqua America in a research note on Thursday, March 8th. They set a “neutral” rating and a $36.00 target price on the stock. Wells Fargo downgraded Aqua America from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $43.00 to $37.00 in a research note on Monday, February 26th. Zacks Investment Research downgraded Aqua America from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Hilliard Lyons raised Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Finally, Argus lifted their target price on Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.29.

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Aqua America Company Profile

Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).

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

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