First Citizens Bank & Trust Co. acquired a new stake in Aqua America Inc (NYSE:WTR) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 11,727 shares of the utilities provider’s stock, valued at approximately $460,000.

Several other large investors have also recently bought and sold shares of WTR. Lord Abbett & CO. LLC bought a new stake in shares of Aqua America in the 2nd quarter valued at $17,807,000. Vanguard Group Inc. boosted its stake in shares of Aqua America by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,208,005 shares of the utilities provider’s stock valued at $573,026,000 after purchasing an additional 277,406 shares during the last quarter. WINTON GROUP Ltd bought a new stake in shares of Aqua America in the 3rd quarter valued at $6,917,000. Legacy Advisors LLC bought a new stake in shares of Aqua America in the 3rd quarter valued at $6,310,000. Finally, Pictet Asset Management Ltd. boosted its stake in shares of Aqua America by 4.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock valued at $146,940,000 after purchasing an additional 180,667 shares during the last quarter. 51.57% of the stock is currently owned by institutional investors.

A number of equities research analysts have recently commented on WTR shares. Argus upped their price objective on shares of Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Boenning Scattergood reaffirmed a “buy” rating and issued a $43.00 price objective on shares of Aqua America in a research note on Wednesday, November 1st. Zacks Investment Research raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Tuesday, October 3rd. Robert W. Baird reissued a “hold” rating and set a $32.00 target price on shares of Aqua America in a research note on Sunday, October 1st. Finally, Hilliard Lyons raised shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Aqua America presently has a consensus rating of “Buy” and an average target price of $38.67.

In related news, VP David Smeltzer sold 10,000 shares of the 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 transaction, the vice president now directly owns 71,397 shares of the company’s stock, valued at $2,595,994.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last three months, insiders have purchased 70,500 shares of company stock worth $8,475. 0.25% of the stock is owned by insiders.

Aqua America Inc (NYSE:WTR) opened at $35.12 on Friday. The stock has a market cap of $6,240.00, a price-to-earnings ratio of 26.41, a P/E/G ratio of 4.77 and a beta of 0.59. Aqua America Inc has a 12 month low of $29.41 and a 12 month high of $39.55. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55.

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

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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).

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

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