Private Advisor Group LLC grew its position in Aqua America Inc (NYSE:WTR) by 2.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,132 shares of the utilities provider’s stock after purchasing an additional 1,852 shares during the quarter. Private Advisor Group LLC’s holdings in Aqua America were worth $2,268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Aqua America by 1.6% in the second quarter. Vanguard Group Inc. now owns 17,208,005 shares of the utilities provider’s stock worth $573,026,000 after purchasing an additional 277,406 shares during the period. Pictet Asset Management Ltd. boosted its position in shares of Aqua America by 4.3% in the third quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock worth $146,940,000 after purchasing an additional 180,667 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Aqua America by 0.5% in the third quarter. Bank of New York Mellon Corp now owns 2,695,154 shares of the utilities provider’s stock worth $89,451,000 after purchasing an additional 13,501 shares during the period. Impax Asset Management LTD boosted its position in shares of Aqua America by 7.0% in the third quarter. Impax Asset Management LTD now owns 2,103,413 shares of the utilities provider’s stock worth $69,812,000 after purchasing an additional 137,582 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Aqua America by 0.9% in the third quarter. Principal Financial Group Inc. now owns 1,000,136 shares of the utilities provider’s stock worth $33,194,000 after purchasing an additional 8,898 shares during the period. Institutional investors and hedge funds own 51.72% of the company’s stock.

A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a research report on Friday, August 11th. Boenning Scattergood reiterated an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Robert W. Baird reiterated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Wednesday, November 1st. Zacks Investment Research lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Thursday, October 12th. Finally, Wells Fargo & Company upgraded shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Thursday, October 19th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $38.20.

Aqua America Inc (NYSE WTR) traded down $0.27 during mid-day trading on Wednesday, hitting $37.40. 685,700 shares of the stock traded hands, compared to its average volume of 548,615. Aqua America Inc has a 1 year low of $29.32 and a 1 year high of $38.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. The stock has a market capitalization of $6,693.60, a P/E ratio of 28.32, a PEG ratio of 4.37 and a beta of 0.59.

Aqua America (NYSE:WTR) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, hitting the consensus estimate 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 for the quarter, compared to the consensus estimate of $234.40 million. During the same quarter in the previous year, the firm earned $0.41 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. equities analysts expect that Aqua America Inc will post 1.36 EPS for the current fiscal year.

The business also recently announced a dec 17 dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a $0.2047 dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, November 16th. Aqua America’s dividend payout ratio (DPR) is presently 61.65%.

In related news, insider Robert A. Rubin sold 12,499 shares of the company’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 sale, the insider now owns 80,604 shares of the company’s stock, valued at $2,777,613.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, VP David Smeltzer sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total transaction of $363,600.00. Following the sale, the vice president now directly owns 71,397 shares in the company, valued at approximately $2,595,994.92. The disclosure for this sale can be found here. Insiders bought 75,500 shares of company stock worth $11,325 in the last three months. Insiders own 0.25% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: “Aqua America Inc (WTR) Holdings Boosted by Private Advisor Group LLC” was first reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & international trademark and copyright laws. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/12/06/aqua-america-inc-wtr-holdings-boosted-by-private-advisor-group-llc.html.

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).

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.