CIBC Asset Management Inc purchased a new stake in shares of Aqua America Inc (NYSE:WTR) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 5,998 shares of the utilities provider’s stock, valued at approximately $235,000.
Several other institutional investors also recently bought and sold shares of the company. Pictet Asset Management Ltd. lifted its stake in shares of Aqua America by 4.3% during the third quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock worth $146,940,000 after buying an additional 180,667 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Aqua America by 0.5% during the third quarter. Bank of New York Mellon Corp now owns 2,695,154 shares of the utilities provider’s stock worth $89,451,000 after buying an additional 13,501 shares during the period. Impax Asset Management LTD lifted its stake in shares of Aqua America by 7.0% during the third quarter. Impax Asset Management LTD now owns 2,103,413 shares of the utilities provider’s stock worth $69,812,000 after buying an additional 137,582 shares during the period. Principal Financial Group Inc. lifted its position in Aqua America by 0.9% during the third quarter. Principal Financial Group Inc. now owns 1,000,136 shares of the utilities provider’s stock valued at $33,194,000 after purchasing an additional 8,898 shares during the period. Finally, Stifel Financial Corp lifted its position in Aqua America by 8.8% during the third quarter. Stifel Financial Corp now owns 996,823 shares of the utilities provider’s stock valued at $33,023,000 after purchasing an additional 80,705 shares during the period. 52.86% of the stock is owned by hedge funds and other institutional investors.
Shares of Aqua America Inc (NYSE:WTR) opened at $33.89 on Thursday. Aqua America Inc has a fifty-two week low of $30.26 and a fifty-two week high of $39.55. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.01. The stock has a market cap of $6,132.10, a P/E ratio of 25.95, a price-to-earnings-growth ratio of 4.35 and a beta of 0.44.
The company also recently disclosed a mar 18 dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 16th will be given a $0.2047 dividend. This represents a dividend yield of 0.00579722458227131%. The ex-dividend date of this dividend is Thursday, February 15th. Aqua America’s dividend payout ratio is presently 61.65%.
WTR has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday, January 15th. Boenning Scattergood reiterated a “buy” rating and issued a $43.00 price objective on shares of Aqua America in a research report on Wednesday, November 1st. Argus boosted their target price on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, December 13th. Hilliard Lyons raised shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Finally, Robert W. Baird reissued a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research note on Wednesday, November 1st. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.17.
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Aqua America Company 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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