Shares of Aqua America Inc (NYSE:WTR) have been given a consensus rating of “Buy” by the eight brokerages that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $38.80.

A number of equities analysts have recently commented on the company. Argus lifted their target price on Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday. Robert W. Baird reiterated a “hold” rating and issued a $32.00 target price on shares of Aqua America in a report on Wednesday, November 1st. Boenning Scattergood reiterated a “buy” rating and issued a $43.00 target price on shares of Aqua America in a report on Wednesday, November 1st. 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 report on Thursday, October 19th. Finally, Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, October 12th.

In related news, VP David Smeltzer sold 10,000 shares of the firm’s stock in a transaction that occurred 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 directly owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased a total of 75,500 shares of company stock valued at $11,325 over the last three months. 0.25% of the stock is owned by corporate insiders.

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

Aqua America (NYSE WTR) traded up $0.59 during midday trading on Monday, reaching $38.14. The company’s stock had a trading volume of 1,378,329 shares, compared to its average volume of 510,298. The stock has a market cap of $6,672.28, a PE ratio of 28.23, a PEG ratio of 5.02 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 has a fifty-two week low of $29.41 and a fifty-two week high of $38.42.

Aqua America (NYSE:WTR) last announced its earnings results on Tuesday, October 31st. The utilities provider reported $0.43 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.43. The firm had revenue of $215.01 million during the quarter, compared to analysts’ expectations of $234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.41 EPS. equities analysts predict that Aqua America 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 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).

Analyst Recommendations for Aqua America (NYSE:WTR)

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