Los Angeles Capital Management & Equity Research Inc. decreased its position in Aqua America Inc (NYSE:WTR) by 5.3% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 62,257 shares of the utilities provider’s stock after selling 3,500 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Aqua America were worth $2,190,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in Aqua America in the fourth quarter valued at approximately $2,970,000. Stanley Laman Group Ltd. lifted its position in Aqua America by 7.3% in the first quarter. Stanley Laman Group Ltd. now owns 28,975 shares of the utilities provider’s stock valued at $987,000 after purchasing an additional 1,962 shares during the last quarter. Whittier Trust Co. lifted its position in Aqua America by 266.1% in the first quarter. Whittier Trust Co. now owns 14,470 shares of the utilities provider’s stock valued at $493,000 after purchasing an additional 10,518 shares during the last quarter. SG Americas Securities LLC lifted its position in Aqua America by 58.9% in the first quarter. SG Americas Securities LLC now owns 102,777 shares of the utilities provider’s stock valued at $3,501,000 after purchasing an additional 38,114 shares during the last quarter. Finally, Community Bank N.A. lifted its position in Aqua America by 122.4% in the first quarter. Community Bank N.A. now owns 5,170 shares of the utilities provider’s stock valued at $176,000 after purchasing an additional 2,845 shares during the last quarter. Hedge funds and other institutional investors own 54.06% of the company’s stock.
Shares of Aqua America stock opened at $37.23 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.75 and a debt-to-equity ratio of 1.09. The company has a market cap of $6.63 billion, a P/E ratio of 27.20, a price-to-earnings-growth ratio of 5.00 and a beta of 0.42. Aqua America Inc has a 52 week low of $32.37 and a 52 week high of $39.55.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, September 1st. Investors of record on Friday, August 17th will be issued a dividend of $0.219 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.35%. The ex-dividend date is Thursday, August 16th. This is an increase from Aqua America’s previous quarterly dividend of $0.20. Aqua America’s dividend payout ratio is currently 59.85%.
A number of equities analysts recently commented on WTR shares. Zacks Investment Research downgraded Aqua America from a “hold” rating to a “sell” rating in a report on Saturday, July 7th. Boenning Scattergood restated a “neutral” rating on shares of Aqua America in a report on Tuesday, April 24th. Finally, ValuEngine downgraded Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, May 10th. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $38.29.
Aqua America Company Profile
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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