Franklin Resources Inc. held its position in Aqua America, Inc. (NYSE:WTR) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,250 shares of the utilities provider’s stock at the close of the second quarter. Franklin Resources Inc.’s holdings in Aqua America were worth $275,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc. raised its position in Aqua America by 6.9% during the 1st quarter. Vanguard Group Inc. now owns 16,930,599 shares of the utilities provider’s stock worth $544,318,000 after buying an additional 1,095,878 shares during the last quarter. BlackRock Inc. raised its position in Aqua America by 2,818.7% during the 1st quarter. BlackRock Inc. now owns 15,234,276 shares of the utilities provider’s stock worth $489,782,000 after buying an additional 14,712,330 shares during the last quarter. State Street Corp raised its position in Aqua America by 4.6% during the 1st quarter. State Street Corp now owns 11,078,080 shares of the utilities provider’s stock worth $356,166,000 after buying an additional 482,723 shares during the last quarter. Pictet Asset Management Ltd. raised its position in Aqua America by 21.0% during the 2nd quarter. Pictet Asset Management Ltd. now owns 4,246,581 shares of the utilities provider’s stock worth $138,821,000 after buying an additional 735,706 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its position in Aqua America by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,681,653 shares of the utilities provider’s stock worth $89,300,000 after buying an additional 40,655 shares during the last quarter. 51.02% of the stock is owned by institutional investors.

Shares of Aqua America, Inc. (NYSE WTR) opened at 34.16 on Thursday. The firm has a market cap of $6.07 billion, a PE ratio of 26.08 and a beta of 0.54. The stock’s 50 day moving average is $33.73 and its 200-day moving average is $33.07. Aqua America, Inc. has a 52 week low of $28.03 and a 52 week high of $34.66.

Aqua America (NYSE:WTR) last released its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The business had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. During the same quarter in the prior year, the business earned $0.33 earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts predict that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.

A number of research firms have issued reports on WTR. Robert W. Baird reissued a “hold” rating and set a $32.00 price target on shares of Aqua America in a research report on Sunday. BidaskClub raised shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Zacks Investment Research raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research report on Tuesday. Boenning Scattergood reissued an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Finally, Barclays PLC raised 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $36.00.

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In other news, insider Robert A. Rubin sold 12,499 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $34.46, for a total transaction of $430,715.54. Following the completion of the sale, the insider now owns 80,604 shares in the company, valued at $2,777,613.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

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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