Bright Rock Capital Management LLC maintained its position in shares of Aqua America Inc (NYSE:WTR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,500 shares of the utilities provider’s stock at the end of the first quarter. Aqua America accounts for about 2.0% of Bright Rock Capital Management LLC’s investment portfolio, making the stock its 12th largest position. Bright Rock Capital Management LLC owned approximately 0.12% of Aqua America worth $6,735,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FineMark National Bank & Trust raised its position in shares of Aqua America by 93.9% in the third quarter. FineMark National Bank & Trust now owns 3,311 shares of the utilities provider’s stock worth $101,000 after buying an additional 1,603 shares in the last quarter. Sei Investments Co. raised its stake in Aqua America by 15.6% in the third quarter. Sei Investments Co. now owns 3,461 shares of the utilities provider’s stock valued at $106,000 after buying an additional 466 shares during the period. Tuttle Tactical Management LLC raised its stake in Aqua America by 0.6% in the third quarter. Tuttle Tactical Management LLC now owns 5,772 shares of the utilities provider’s stock valued at $176,000 after buying an additional 36 shares during the period. JFS Wealth Advisors LLC raised its stake in Aqua America by 446.0% in the third quarter. JFS Wealth Advisors LLC now owns 5,962 shares of the utilities provider’s stock valued at $182,000 after buying an additional 4,870 shares during the period. Finally, Pacad Investment Ltd. bought a new stake in Aqua America during the fourth quarter valued at about $183,000. 48.08% of the stock is currently owned by hedge funds and other institutional investors.

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

Aqua America Inc (NYSE:WTR) traded down 0.18% during mid-day trading on Thursday, hitting $32.78. The stock had a trading volume of 594,076 shares. The company’s 50 day moving average is $31.94 and its 200-day moving average is $30.47. Aqua America Inc has a 52 week low of $28.03 and a 52 week high of $35.83. The stock has a market capitalization of $5.82 billion, a P/E ratio of 24.83 and a beta of 0.46.

Aqua America (NYSE:WTR) last issued its quarterly earnings results on Wednesday, February 22nd. The utilities provider reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Aqua America had a return on equity of 13.19% and a net margin of 25.97%. The firm had revenue of $196.80 million for the quarter, compared to the consensus estimate of $208.27 million. During the same period last year, the firm earned $0.16 EPS. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts expect that Aqua America Inc will post $1.37 EPS for the current fiscal year.

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Several analysts have recently issued reports on the company. Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Boenning Scattergood raised Aqua America from a “neutral” rating to an “outperform” rating in a report on Monday, March 13th. Barclays PLC raised Aqua America from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $33.00 to $36.00 in a report on Friday, March 17th. Finally, Robert W. Baird reissued a “neutral” rating and set a $32.00 target price on shares of Aqua America in a report on Wednesday, January 18th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $32.25.

About Aqua America

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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