Aqua America Inc (NYSE:WTR) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $38.23 and last traded at $37.55, with a volume of 583300 shares. The stock had previously closed at $37.59.

Several research analysts have issued reports on WTR shares. Robert W. Baird restated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Sunday, October 1st. Barclays lifted their price target on shares of Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd. Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Wells Fargo & Company upgraded shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, October 19th. Finally, Argus lifted their price target on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Aqua America presently has a consensus rating of “Buy” and a consensus price target of $38.67.

The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. The firm has a market capitalization of $6,679.39, a P/E ratio of 28.26, a P/E/G ratio of 5.03 and a beta of 0.59.

Aqua America (NYSE:WTR) last posted its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, hitting analysts’ consensus estimates of $0.43. Aqua America had a net margin of 29.38% and a return on equity of 12.49%. The firm had revenue of $215.01 million during the quarter, compared to analyst estimates of $234.40 million. During the same quarter last year, the business posted $0.41 EPS. The company’s revenue was down 5.1% on a year-over-year basis. sell-side analysts anticipate that Aqua America Inc will post 1.36 EPS for the current year.

The business also recently announced a dec 17 dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a dividend of $0.2047 per share. This represents a dividend yield of 2.3%. The ex-dividend date was Thursday, November 16th. Aqua America’s dividend payout ratio (DPR) is currently 61.65%.

In other Aqua America news, VP David Smeltzer sold 10,000 shares of Aqua America stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total transaction of $363,600.00. Following the completion of the sale, the vice president now owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 75,500 shares of company stock valued at $11,325 in the last three months. Company insiders own 0.25% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in WTR. IFP Advisors Inc lifted its stake in shares of Aqua America by 20.8% in the 2nd quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 809 shares during the last quarter. Headinvest LLC bought a new position in Aqua America in the 3rd quarter worth $203,000. Private Vista LLC bought a new position in Aqua America in the 3rd quarter worth $205,000. Eqis Capital Management Inc. bought a new position in Aqua America in the 3rd quarter worth $206,000. Finally, Oppenheimer Asset Management Inc. bought a new position in Aqua America in the 3rd quarter worth $211,000. 51.70% of the stock is owned by institutional investors and hedge funds.

TRADEMARK VIOLATION NOTICE: This story was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://www.watchlistnews.com/aqua-america-wtr-sets-new-52-week-high-at-38-23/1766413.html.

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).

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.