Robert W. Baird restated their hold rating on shares of Aqua America, Inc. (NYSE:WTR) in a report issued on Sunday. The firm currently has a $32.00 price target on the utilities provider’s stock.

Several other research analysts have also commented on WTR. BidaskClub raised Aqua America from a hold rating to a buy rating in a research report on Friday, August 11th. Zacks Investment Research raised Aqua America from a sell rating to a hold rating in a research report on Thursday, July 13th. Boenning Scattergood reaffirmed an outperform rating on shares of Aqua America in a research report on Tuesday, September 5th. Finally, Barclays PLC lifted their target price on Aqua America from $36.00 to $38.00 and gave the stock an overweight rating in a research report on Friday, September 22nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Aqua America presently has a consensus rating of Buy and an average target price of $36.00.

Shares of Aqua America (NYSE:WTR) opened at 34.16 on Friday. The firm’s 50-day moving average price is $33.73 and its 200 day moving average price is $33.07. The stock has a market cap of $6.07 billion, a P/E ratio of 26.08 and a beta of 0.54. Aqua America has a one year low of $28.03 and a one year high of $34.66.

Aqua America (NYSE:WTR) last released its quarterly earnings data on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting the consensus estimate of $0.34. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The company had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. During the same period last year, the company posted $0.33 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. Equities research analysts expect that Aqua America will post $1.36 EPS for the current fiscal year.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Boulegeris Investments Inc. increased its position in shares of Aqua America by 24.1% during the second quarter. Boulegeris Investments Inc. now owns 17,754 shares of the utilities provider’s stock worth $591,000 after acquiring an additional 3,450 shares during the last quarter. Geode Capital Management LLC increased its holdings in Aqua America by 7.3% in the first quarter. Geode Capital Management LLC now owns 1,397,830 shares of the utilities provider’s stock valued at $44,940,000 after buying an additional 95,204 shares during the last quarter. Blair William & Co. IL bought a new stake in Aqua America in the second quarter valued at about $832,000. Legal & General Group Plc increased its holdings in Aqua America by 25.0% in the first quarter. Legal & General Group Plc now owns 607,794 shares of the utilities provider’s stock valued at $19,540,000 after buying an additional 121,405 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Aqua America by 6.9% in the first quarter. Vanguard Group Inc. now owns 16,930,599 shares of the utilities provider’s stock valued at $544,318,000 after buying an additional 1,095,878 shares during the last quarter. 51.02% of the stock is currently owned by institutional investors and hedge funds.

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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