Swiss National Bank boosted its stake in shares of Aqua America, Inc. (NYSE:WTR) by 0.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 295,573 shares of the utilities provider’s stock after buying an additional 2,600 shares during the period. Swiss National Bank owned approximately 0.17% of Aqua America worth $9,843,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of 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 purchasing an additional 1,095,878 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Aqua America by 2,818.7% in the first quarter. BlackRock Inc. now owns 15,234,276 shares of the utilities provider’s stock valued at $489,782,000 after purchasing an additional 14,712,330 shares during the last quarter. State Street Corp raised its holdings in shares of Aqua America by 4.6% in the first quarter. State Street Corp now owns 11,078,080 shares of the utilities provider’s stock valued at $356,166,000 after purchasing an additional 482,723 shares during the last quarter. Pictet Asset Management Ltd. raised its holdings in shares of Aqua America by 21.0% in the second quarter. Pictet Asset Management Ltd. now owns 4,246,581 shares of the utilities provider’s stock valued at $138,821,000 after purchasing an additional 735,706 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Aqua America by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 2,681,653 shares of the utilities provider’s stock valued at $89,300,000 after purchasing an additional 40,655 shares during the last quarter. Hedge funds and other institutional investors own 51.04% of the company’s stock.

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 transaction, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.25% of the stock is owned by corporate insiders.

A number of analysts have recently issued reports on the stock. BidaskClub downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a report on Friday, August 25th. Northcoast Research assumed coverage on shares of Aqua America in a report on Thursday, May 25th. They issued a “neutral” rating on the stock. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Finally, Zacks Investment Research upgraded shares of Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.25.

Aqua America, Inc. (NYSE WTR) opened at 33.70 on Thursday. The company has a 50 day moving average of $33.74 and a 200 day moving average of $32.82. The company has a market capitalization of $5.99 billion, a PE ratio of 25.73 and a beta of 0.53. Aqua America, Inc. has a 1-year low of $28.03 and a 1-year high of $34.66.

Aqua America (NYSE:WTR) last issued its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, hitting analysts’ consensus estimates 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 in the prior year, the firm earned $0.33 earnings per share. Aqua America’s revenue for the quarter was down .2% on a year-over-year basis. On average, analysts predict that Aqua America, Inc. will post $1.36 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th were given a dividend of $0.2047 per share. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.43%. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, August 14th. Aqua America’s dividend payout ratio is presently 62.60%.

TRADEMARK VIOLATION WARNING: “Aqua America, Inc. (WTR) Shares Bought by Swiss National Bank” was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another site, it was copied illegally and reposted in violation of U.S. and international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/09/14/aqua-america-inc-wtr-shares-bought-by-swiss-national-bank.html.

Aqua America 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).

Want to see what other hedge funds are holding WTR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Aqua America, Inc. (NYSE:WTR).

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

Receive News & Stock Ratings for Aqua America Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America Inc. and related stocks with our FREE daily email newsletter.