Taylor Hoffman Wealth Management grew its stake in Aqua America Inc (NYSE:WTR) by 29.5% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 21,928 shares of the utilities provider’s stock after purchasing an additional 5,000 shares during the period. Taylor Hoffman Wealth Management’s holdings in Aqua America were worth $983,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Krane Funds Advisors LLC purchased a new stake in Aqua America during the second quarter worth $25,000. Strategic Blueprint LLC purchased a new stake in shares of Aqua America in the third quarter valued at $28,000. Northern Oak Wealth Management Inc. purchased a new stake in shares of Aqua America in the third quarter valued at $31,000. Oakworth Capital Inc. purchased a new stake in shares of Aqua America in the second quarter valued at $28,000. Finally, Centersquare Investment Management LLC purchased a new stake in shares of Aqua America in the second quarter valued at $32,000. 65.06% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently commented on the company. ValuEngine lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co set a $47.00 target price on Aqua America and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Bank of America assumed coverage on Aqua America in a research note on Monday, July 15th. They issued a “buy” rating and a $45.00 target price for the company. UBS Group lowered Aqua America from a “buy” rating to a “neutral” rating and upped their target price for the company from $42.00 to $45.00 in a research note on Thursday, August 8th. They noted that the move was a valuation call. Finally, Evercore ISI reiterated a “hold” rating and issued a $37.00 target price on shares of Aqua America in a research note on Sunday, August 11th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $46.09.

In related news, Director Daniel J. Hilferty III bought 1,152 shares of the stock in a transaction dated Monday, September 9th. The stock was acquired at an average price of $43.38 per share, for a total transaction of $49,973.76. Following the completion of the purchase, the director now owns 9,872 shares in the company, valued at $428,247.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Daniel J. Hilferty III bought 1,153 shares of the stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of $43.35 per share, with a total value of $49,982.55. Following the purchase, the director now owns 8,720 shares of the company’s stock, valued at approximately $378,012. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

NYSE:WTR traded down $0.13 on Friday, hitting $43.59. 1,806,849 shares of the stock were exchanged, compared to its average volume of 1,206,212. The stock has a market cap of $9.56 billion, a PE ratio of 30.91, a PEG ratio of 4.96 and a beta of 0.33. The company has a current ratio of 6.19, a quick ratio of 5.27 and a debt-to-equity ratio of 0.75. The stock has a fifty day moving average of $45.14 and a 200-day moving average of $42.25. Aqua America Inc has a fifty-two week low of $32.09 and a fifty-two week high of $46.90.

Aqua America (NYSE:WTR) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $0.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.05. The company had revenue of $243.60 million during the quarter, compared to analyst estimates of $259.99 million. Aqua America had a return on equity of 8.81% and a net margin of 18.02%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. As a group, analysts predict that Aqua America Inc will post 1.48 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Sunday, December 1st. Stockholders of record on Friday, November 15th will be paid a $0.2343 dividend. The ex-dividend date of this dividend is Thursday, November 14th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 2.15%. Aqua America’s dividend payout ratio (DPR) is currently 66.67%.

Aqua America Company Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through third-party.

See Also: How are institutional investors different from individual investors?

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

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