LS Investment Advisors LLC lessened its stake in Aqua America Inc (NYSE:WTR) by 19.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,983 shares of the utilities provider’s stock after selling 2,618 shares during the period. LS Investment Advisors LLC’s holdings in Aqua America were worth $431,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Sei Investments Co. increased its position in Aqua America by 23.3% in the 3rd quarter. Sei Investments Co. now owns 16,284 shares of the utilities provider’s stock valued at $541,000 after acquiring an additional 3,074 shares during the period. Ameriprise Financial Inc. increased its position in 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 purchasing an additional 6,437 shares during the period. Jackson Wealth Management LLC increased its position in 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 purchasing an additional 4,636 shares during the period. Lord Abbett & CO. LLC acquired a new position in Aqua America during the 2nd quarter worth approximately $17,807,000. Finally, Personal Capital Advisors Corp increased its position in 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 purchasing an additional 30,632 shares during the period. Hedge funds and other institutional investors own 51.70% of the company’s stock.
Several equities analysts have issued reports on the company. Robert W. Baird reiterated a “hold” rating and set a $32.00 target price on shares of Aqua America in a research report on Wednesday, November 1st. Argus boosted 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, December 13th. Boenning Scattergood reiterated a “buy” rating and set a $43.00 target price on shares of Aqua America in a research report on Wednesday, November 1st. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. Finally, Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $39.17.
Aqua America Inc (NYSE WTR) opened at $34.87 on Friday. 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 Inc has a 52-week low of $29.91 and a 52-week high of $39.55. The stock has a market capitalization of $6,114.33, a P/E ratio of 26.22, a price-to-earnings-growth ratio of 4.34 and a beta of 0.44.
The firm also recently announced a mar 18 dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 16th will be given a dividend of $0.2047 per share. This represents a yield of 0.00579722458227131%. The ex-dividend date of this dividend is Thursday, February 15th. Aqua America’s payout ratio is 61.65%.
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Aqua America Profile
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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