Neuburgh Advisers LLC increased its stake in Aqua America Inc (NYSE:WTR) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,694 shares of the utilities provider’s stock after buying an additional 2,420 shares during the quarter. Neuburgh Advisers LLC’s holdings in Aqua America were worth $810,000 as of its most recent filing with the SEC.
Other hedge funds also recently bought and sold shares of the company. Ruggie Capital Group acquired a new stake in shares of Aqua America in the fourth quarter valued at about $26,000. Resources Investment Advisors Inc. acquired a new stake in Aqua America during the 4th quarter valued at approximately $34,000. Bell Rock Capital LLC grew its stake in Aqua America by 308.3% during the 4th quarter. Bell Rock Capital LLC now owns 1,327 shares of the utilities provider’s stock valued at $45,000 after purchasing an additional 1,002 shares in the last quarter. First Command Bank acquired a new stake in Aqua America during the 4th quarter valued at approximately $46,000. Finally, First Command Financial Services Inc. acquired a new stake in Aqua America during the 4th quarter valued at approximately $46,000. Institutional investors and hedge funds own 55.67% of the company’s stock.
Shares of NYSE WTR opened at $35.47 on Friday. Aqua America Inc has a fifty-two week low of $32.09 and a fifty-two week high of $38.24. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 1.19. The company has a market cap of $6.37 billion, a price-to-earnings ratio of 25.16, a price-to-earnings-growth ratio of 4.00 and a beta of 0.46.
The company also recently announced a mar 19 dividend, which was paid on Friday, March 1st. Shareholders of record on Friday, February 15th were issued a dividend of $0.219 per share. This represents a yield of 2.5%. The ex-dividend date of this dividend was Thursday, February 14th. Aqua America’s dividend payout ratio is presently 62.41%.
A number of brokerages have weighed in on WTR. Janney Montgomery Scott restated a “buy” rating on shares of Aqua America in a research note on Tuesday, February 5th. Boenning Scattergood restated a “buy” rating and set a $43.00 price objective on shares of Aqua America in a research note on Wednesday, January 30th. Finally, Robert W. Baird upgraded Aqua America from a “neutral” rating to an “outperform” rating and set a $39.00 price objective for the company in a research note on Thursday, December 6th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $37.80.
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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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