Forsta AP Fonden Cuts Position in Aqua America Inc (WTR)

Forsta AP Fonden reduced its position in Aqua America Inc (NYSE:WTR) by 25.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,100 shares of the utilities provider’s stock after selling 13,900 shares during the quarter. Forsta AP Fonden’s holdings in Aqua America were worth $1,517,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Truvestments Capital LLC raised its position in shares of Aqua America by 6.2% in the 3rd quarter. Truvestments Capital LLC now owns 23,301 shares of the utilities provider’s stock worth $860,000 after buying an additional 1,350 shares during the period. Flinton Capital Management LLC raised its position in shares of Aqua America by 5.4% in the 2nd quarter. Flinton Capital Management LLC now owns 28,288 shares of the utilities provider’s stock worth $995,000 after buying an additional 1,462 shares during the period. BRYN MAWR TRUST Co raised its position in shares of Aqua America by 3.0% in the 2nd quarter. BRYN MAWR TRUST Co now owns 52,281 shares of the utilities provider’s stock worth $1,839,000 after buying an additional 1,543 shares during the period. Trillium Asset Management LLC raised its position in shares of Aqua America by 3.1% in the 2nd quarter. Trillium Asset Management LLC now owns 56,497 shares of the utilities provider’s stock worth $1,988,000 after buying an additional 1,692 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in shares of Aqua America by 70.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 4,295 shares of the utilities provider’s stock worth $151,000 after buying an additional 1,780 shares during the period. 54.49% of the stock is currently owned by institutional investors and hedge funds.

NYSE:WTR opened at $32.59 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.46 and a current ratio of 0.52. Aqua America Inc has a 12 month low of $32.12 and a 12 month high of $39.55. The stock has a market capitalization of $5.88 billion, a price-to-earnings ratio of 23.79, a P/E/G ratio of 4.38 and a beta of 0.50.

Aqua America (NYSE:WTR) last released its quarterly earnings data on Monday, November 5th. The utilities provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.43 by $0.01. Aqua America had a return on equity of 12.64% and a net margin of 29.81%. The company had revenue of $226.10 million for the quarter, compared to analyst estimates of $238.86 million. During the same period last year, the company posted $0.43 earnings per share. The firm’s revenue was up 5.2% compared to the same quarter last year. Equities research analysts anticipate that Aqua America Inc will post 1.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Shareholders of record on Friday, November 16th will be given a $0.219 dividend. This represents a $0.88 annualized dividend and a yield of 2.69%. The ex-dividend date is Thursday, November 15th. Aqua America’s dividend payout ratio (DPR) is presently 64.23%.

WTR has been the topic of several research reports. Boenning Scattergood raised Aqua America from a “neutral” rating to an “outperform” rating in a research report on Monday, August 20th. Evercore ISI initiated coverage on Aqua America in a research report on Monday, September 17th. They issued an “in-line” rating and a $37.00 target price on the stock. Macquarie set a $35.00 target price on Aqua America and gave the stock a “hold” rating in a research report on Thursday, October 25th. Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a research report on Monday, October 22nd. Finally, ValuEngine lowered Aqua America from a “buy” rating to a “hold” rating in a research report on Saturday, October 27th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $38.29.

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About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater 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.

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

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