Principal Financial Group Inc. increased its position in shares of Aqua America, Inc. (NYSE:WTR) by 0.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,000,136 shares of the utilities provider’s stock after buying an additional 8,898 shares during the quarter. Principal Financial Group Inc. owned 0.56% of Aqua America worth $33,194,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Aqua America by 1.6% during the second quarter. Vanguard Group Inc. now owns 17,208,005 shares of the utilities provider’s stock worth $573,026,000 after buying an additional 277,406 shares in the last quarter. Pictet Asset Management Ltd. grew its position in Aqua America by 4.3% during the third quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock worth $146,940,000 after buying an additional 180,667 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Aqua America by 1.5% during the second quarter. Bank of New York Mellon Corp now owns 2,681,653 shares of the utilities provider’s stock worth $89,300,000 after purchasing an additional 40,655 shares during the period. Stifel Financial Corp lifted its stake in Aqua America by 6.4% during the second quarter. Stifel Financial Corp now owns 916,118 shares of the utilities provider’s stock worth $30,399,000 after purchasing an additional 55,095 shares during the period. Finally, First Trust Advisors LP lifted its stake in Aqua America by 8.1% during the second quarter. First Trust Advisors LP now owns 880,373 shares of the utilities provider’s stock worth $29,316,000 after purchasing an additional 66,291 shares during the period. 51.09% of the stock is currently owned by institutional investors and hedge funds.

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A number of research analysts have commented on the stock. Robert W. Baird restated a “hold” rating and set a $32.00 price target on shares of Aqua America in a research note on Wednesday, November 1st. Zacks Investment Research cut shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. Wells Fargo & Company upgraded shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Thursday, October 19th. Boenning Scattergood reiterated a “buy” rating and issued a $43.00 target price on shares of Aqua America in a research note on Wednesday, November 1st. Finally, BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $38.20.

Shares of Aqua America, Inc. (WTR) opened at $36.37 on Friday. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.01. Aqua America, Inc. has a fifty-two week low of $29.24 and a fifty-two week high of $37.30. The company has a market cap of $6,500.00, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 4.31 and a beta of 0.57.

Aqua America (NYSE:WTR) last released its earnings results 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 in the previous year, the business earned $0.41 EPS. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. equities analysts forecast that Aqua America, Inc. will post 1.36 earnings per share for the current fiscal year.

The firm 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 dividend of $0.2047 per share. This represents a yield of 2.3%. The ex-dividend date is Thursday, November 16th. Aqua America’s dividend payout ratio is presently 61.65%.

In other news, VP David Smeltzer sold 10,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total value of $363,600.00. Following the completion of the transaction, 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 through this link. Also, 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 $34.46, for a total transaction of $430,715.54. Following the completion of the transaction, the insider now directly owns 80,604 shares of the company’s stock, valued at approximately $2,777,613.84. The disclosure for this sale can be found here. Insiders have acquired a total of 75,500 shares of company stock valued at $11,325 in the last ninety days. Company insiders own 0.25% of the company’s stock.

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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