Vident Investment Advisory LLC grew its holdings in shares of Aqua America Inc (NYSE:WTR) by 74.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,537 shares of the utilities provider’s stock after purchasing an additional 7,064 shares during the period. Vident Investment Advisory LLC’s holdings in Aqua America were worth $648,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Capital Analysts LLC acquired a new position in shares of Aqua America during the 4th quarter worth approximately $1,165,000. Sei Investments Co. boosted its position in shares of Aqua America by 23.3% during the 3rd quarter. Sei Investments Co. now owns 16,284 shares of the utilities provider’s stock worth $541,000 after acquiring an additional 3,074 shares in the last quarter. Ameriprise Financial Inc. boosted its position in shares of Aqua America by 1.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 538,489 shares of the utilities provider’s stock worth $17,872,000 after acquiring an additional 6,437 shares in the last quarter. Personal Capital Advisors Corp boosted its position in shares of Aqua America by 5.4% during the 4th quarter. Personal Capital Advisors Corp now owns 603,144 shares of the utilities provider’s stock worth $23,661,000 after acquiring an additional 30,632 shares in the last quarter. Finally, Jackson Wealth Management LLC boosted its position in shares of Aqua America by 30.9% during the 3rd quarter. Jackson Wealth Management LLC now owns 19,641 shares of the utilities provider’s stock worth $679,000 after acquiring an additional 4,636 shares in the last quarter. Hedge funds and other institutional investors own 53.85% of the company’s stock.
Several analysts recently issued reports on the stock. Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 21st. Argus increased their price target on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Zacks Investment Research lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Wells Fargo lowered shares of Aqua America from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $43.00 to $37.00 in a research report on Monday, February 26th. Finally, UBS assumed coverage on shares of Aqua America in a research report on Thursday, March 8th. They set a “neutral” rating and a $36.00 price target on the stock. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Aqua America has a consensus rating of “Hold” and an average target price of $38.29.
WTR stock opened at $32.59 on Friday. The company has a market cap of $5,911.98, a P/E ratio of 24.28, a P/E/G ratio of 3.94 and a beta of 0.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.46 and a quick ratio of 0.41. Aqua America Inc has a 52 week low of $31.18 and a 52 week high of $39.55.
Aqua America (NYSE:WTR) last issued its quarterly earnings data on Tuesday, February 27th. The utilities provider reported $0.32 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The business had revenue of $203.30 million during the quarter, compared to the consensus estimate of $208.26 million. Aqua America had a net margin of 29.61% and a return on equity of 12.68%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.28 EPS. equities analysts expect that Aqua America Inc will post 1.41 earnings per share for the current year.
The business also recently disclosed a mar 18 dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 16th were paid a $0.2047 dividend. This represents a yield of 0.00579722458227131%. The ex-dividend date was Thursday, February 15th. Aqua America’s payout ratio is 60.74%.
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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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