Wealthcare Advisory Partners LLC acquired a new position in Aqua America Inc (NYSE:WTR) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 20,478 shares of the utilities provider’s stock, valued at approximately $680,000.

A number of other hedge funds have also modified their holdings of WTR. IFP Advisors Inc grew its holdings in Aqua America by 20.8% in the 2nd quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock worth $157,000 after buying an additional 809 shares in the last quarter. Headinvest LLC bought a new position in Aqua America in the 3rd quarter worth approximately $203,000. Private Vista LLC bought a new position in Aqua America in the 3rd quarter worth approximately $205,000. Eqis Capital Management Inc. acquired a new stake in Aqua America in the third quarter worth approximately $206,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in Aqua America in the third quarter worth approximately $211,000. 51.70% of the stock is owned by institutional investors and hedge funds.

In other news, VP David Smeltzer sold 10,000 shares of the 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 completion of the sale, the vice president now owns 71,397 shares in the company, valued at approximately $2,595,994.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 75,500 shares of company stock valued at $11,325 in the last quarter. Insiders own 0.25% of the company’s stock.

WTR has been the subject of a number of research analyst reports. Robert W. Baird restated a “hold” rating and issued a $32.00 target price on shares of Aqua America in a research report on Sunday, October 1st. Barclays upped 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. Boenning Scattergood restated an “outperform” rating on shares of Aqua America in a research report on Tuesday, September 5th. Wells Fargo & Company upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Thursday, October 19th. Finally, Argus upped their target price on Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $38.67.

Aqua America Inc (WTR) traded down $0.86 on Wednesday, reaching $37.27. The company’s stock had a trading volume of 636,100 shares, compared to its average volume of 551,128. The firm has a market capitalization of $6,775.34, a P/E ratio of 28.67, a price-to-earnings-growth ratio of 4.43 and a beta of 0.59. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. Aqua America Inc has a 12-month low of $29.41 and a 12-month high of $38.20.

Aqua America (NYSE:WTR) last released its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.43. The firm had revenue of $215.01 million during the quarter, compared to the consensus estimate of $234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.41 earnings per share. research analysts predict that Aqua America Inc will post 1.36 earnings per share for the current fiscal year.

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