Penn Capital Management Co. Inc. Raises Holdings in Aqua America Inc (WTR)

Penn Capital Management Co. Inc. grew its holdings in shares of Aqua America Inc (NYSE:WTR) by 34.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 85,155 shares of the utilities provider’s stock after buying an additional 21,643 shares during the period. Penn Capital Management Co. Inc.’s holdings in Aqua America were worth $3,478,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also modified their holdings of the business. UBS Asset Management Americas Inc. boosted its position in Aqua America by 14.3% during the fourth quarter. UBS Asset Management Americas Inc. now owns 228,312 shares of the utilities provider’s stock worth $8,957,000 after purchasing an additional 28,617 shares during the period. BlackRock Inc. boosted its position in Aqua America by 2.0% during the fourth quarter. BlackRock Inc. now owns 15,709,669 shares of the utilities provider’s stock worth $616,290,000 after purchasing an additional 312,765 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in Aqua America by 5.6% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 74,970 shares of the utilities provider’s stock worth $2,941,000 after purchasing an additional 3,979 shares during the period. Arizona State Retirement System boosted its position in Aqua America by 27.1% during the fourth quarter. Arizona State Retirement System now owns 127,898 shares of the utilities provider’s stock worth $5,017,000 after purchasing an additional 27,244 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its position in Aqua America by 12.7% during the fourth quarter. The Manufacturers Life Insurance Company now owns 293,937 shares of the utilities provider’s stock worth $11,532,000 after purchasing an additional 33,233 shares during the period. Hedge funds and other institutional investors own 51.70% of the company’s stock.

A number of brokerages have weighed in on WTR. 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. Zacks Investment Research lowered shares of Aqua America from a “buy” rating to a “hold” rating in a research report on Sunday, January 21st. 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 report on Wednesday, December 13th. Finally, Boenning Scattergood reissued a “buy” rating and issued a $43.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $39.17.

Shares of Aqua America Inc (NYSE:WTR) opened at $34.87 on Monday. The stock has a market cap of $6,200.00, a PE ratio of 26.22, a PEG ratio of 4.40 and a beta of 0.44. 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 Inc has a fifty-two week low of $29.91 and a fifty-two week high of $39.55.

The business also recently announced a mar 18 dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 16th will be paid a $0.2047 dividend. This represents a yield of 0.00579722458227131%. The ex-dividend date is Thursday, February 15th. Aqua America’s dividend payout ratio is currently 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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Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

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