Cedar Hill Associates LLC bought a new stake in Aqua America Inc (NYSE:WTR) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 7,252 shares of the utilities provider’s stock, valued at approximately $241,000.

Other institutional investors have also recently bought and sold shares of the company. Lord Abbett & CO. LLC bought a new position in shares of Aqua America during the second quarter worth about $17,807,000. Vanguard Group Inc. raised its position in shares of 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 acquiring an additional 277,406 shares during the last quarter. Kennedy Capital Management Inc. raised its position in shares of Aqua America by 159.2% during the second quarter. Kennedy Capital Management Inc. now owns 383,442 shares of the utilities provider’s stock worth $12,769,000 after acquiring an additional 235,530 shares during the last quarter. WINTON GROUP Ltd bought a new position in shares of Aqua America during the third quarter worth about $6,917,000. Finally, Legacy Advisors LLC bought a new position in shares of Aqua America during the third quarter worth about $6,310,000. Hedge funds and other institutional investors own 51.70% of the company’s stock.

WTR has been the subject of several recent analyst reports. Boenning Scattergood reaffirmed a “buy” rating and set 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 for the company in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a research note on Sunday, October 1st. Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price objective for the company in a research note on Thursday, October 19th. Finally, Barclays raised their price objective on Aqua America from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Friday, September 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $38.20.

In related news, VP David Smeltzer sold 10,000 shares of Aqua America stock in a transaction on Wednesday, November 8th. The stock was 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 $2,595,994.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased 75,500 shares of company stock worth $11,325 over the last quarter. 0.25% of the stock is currently owned by corporate insiders.

Aqua America Inc (NYSE:WTR) traded down $0.05 during mid-day trading on Tuesday, hitting $38.13. The stock had a trading volume of 767,700 shares, compared to its average volume of 550,771. Aqua America Inc has a 52 week low of $29.41 and a 52 week high of $38.20. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $6,784.23, a price-to-earnings ratio of 28.71, a PEG ratio of 4.43 and a beta of 0.59.

Aqua America (NYSE:WTR) last posted its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, meeting the Zacks’ 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 analyst estimates of $234.40 million. During the same quarter last year, the company earned $0.41 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. research analysts expect that Aqua America Inc will post 1.36 EPS for the current 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. The ex-dividend date was Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio is presently 61.65%.

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About Aqua America

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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