Penobscot Investment Management Company Inc. increased its position in Aqua America, Inc. (NYSE:WTR) by 7.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,115 shares of the utilities provider’s stock after purchasing an additional 1,500 shares during the period. Penobscot Investment Management Company Inc.’s holdings in Aqua America were worth $701,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the stock. Private Vista LLC purchased a new stake in Aqua America in the third quarter worth $205,000. Rockland Trust Co. grew its stake in Aqua America by 1.4% in the third quarter. Rockland Trust Co. now owns 378,277 shares of the utilities provider’s stock worth $12,555,000 after purchasing an additional 5,267 shares during the period. Legacy Advisors LLC purchased a new stake in shares of Aqua America in the third quarter worth $6,310,000. Stevens Capital Management LP purchased a new stake in shares of Aqua America in the third quarter worth $2,055,000. Finally, IFP Advisors Inc grew its stake in shares of Aqua America by 31.8% in the third quarter. IFP Advisors Inc now owns 6,196 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 1,495 shares during the last quarter. 50.96% of the stock is currently owned by institutional investors.

WTR has been the topic of a number of recent research reports. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Boenning Scattergood reissued a “buy” rating and issued a $43.00 target price on shares of Aqua America in a research note on Wednesday, November 1st. Zacks Investment Research raised Aqua America from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and issued a $32.00 target price on shares of Aqua America in a research note on Wednesday, November 1st. Finally, Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a research note on Thursday, October 19th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $38.20.

Aqua America, Inc. (NYSE WTR) traded up $0.10 during trading on Tuesday, hitting $36.03. The company had a trading volume of 597,934 shares, compared to its average volume of 488,246. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. Aqua America, Inc. has a 12 month low of $28.03 and a 12 month high of $36.27. The stock has a market capitalization of $6,430.00, a PE ratio of 27.09, a PEG ratio of 4.18 and a beta of 0.57.

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

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

In other Aqua America news, insider Robert A. Rubin sold 12,499 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the transaction, the insider now owns 80,604 shares of the company’s stock, valued at $2,777,613.84. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.25% of the stock is currently owned by corporate insiders.

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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).

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

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