Fmr LLC grew its stake in shares of Aqua America, Inc. (NYSE:WTR) by 35.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,583 shares of the company’s stock after buying an additional 3,565 shares during the period. Fmr LLC’s holdings in Aqua America were worth $452,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. grew its holdings in shares of Aqua America by 1.6% in the second quarter. Vanguard Group Inc. now owns 17,208,005 shares of the company’s stock valued at $573,026,000 after purchasing an additional 277,406 shares in the last quarter. Citigroup Inc. grew its holdings in shares of Aqua America by 102.8% in the second quarter. Citigroup Inc. now owns 12,153 shares of the company’s stock valued at $405,000 after purchasing an additional 6,160 shares in the last quarter. UBS Asset Management Americas Inc. grew its holdings in shares of Aqua America by 16.1% in the second quarter. UBS Asset Management Americas Inc. now owns 178,671 shares of the company’s stock valued at $5,950,000 after purchasing an additional 24,738 shares in the last quarter. Mutual of America Capital Management LLC grew its holdings in shares of Aqua America by 2.5% in the second quarter. Mutual of America Capital Management LLC now owns 144,859 shares of the company’s stock valued at $4,824,000 after purchasing an additional 3,502 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of Aqua America by 0.9% in the second quarter. New York State Common Retirement Fund now owns 500,000 shares of the company’s stock valued at $16,650,000 after purchasing an additional 4,399 shares in the last quarter. 50.96% of the stock is owned by hedge funds and other institutional investors.

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A number of research analysts recently weighed in on the stock. Robert W. Baird reissued a “hold” rating and issued a $32.00 target price on shares of Aqua America in a report on Wednesday, November 1st. Boenning Scattergood reaffirmed a “buy” rating and set a $43.00 price objective on shares of Aqua America in a research note on Wednesday, November 1st. Wells Fargo & Company raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Thursday, October 19th. Zacks Investment Research lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Finally, BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of C$38.20.

In other news, insider Robert A. Rubin sold 12,499 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of C$34.46, for a total transaction of C$430,715.54. Following the completion of the sale, the insider now directly owns 80,604 shares of the company’s stock, valued at C$2,777,613.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have bought 75,500 shares of company stock valued at $11,325 over the last three months. Insiders own 0.25% of the company’s stock.

Aqua America, Inc. (WTR) opened at C$35.98 on Friday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55. The company has a market cap of $6,393.32, a price-to-earnings ratio of 27.05, a price-to-earnings-growth ratio of 4.18 and a beta of 0.57. Aqua America, Inc. has a one year low of C$28.57 and a one year high of C$36.62.

Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, October 31st. The company reported C$0.43 EPS for the quarter, hitting the consensus estimate of C$0.43. The company had revenue of C$215.01 million during the quarter, compared to analyst estimates of C$234.40 million. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. Aqua America’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.41 earnings per share. equities analysts anticipate that Aqua America, Inc. will post 1.36 EPS for the current fiscal year.

The company also recently disclosed a dec 17 dividend, which will be paid on Friday, December 1st. Shareholders of record on Friday, November 17th will be paid a dividend of $0.2047 per share. This represents a yield of 2.3%. The ex-dividend date is Thursday, November 16th. Aqua America’s payout ratio is 61.65%.

Aqua America 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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