Aqua America Inc (NYSE:WTR) Stock Holdings Lessened by Clean Yield Group

Clean Yield Group trimmed its stake in Aqua America Inc (NYSE:WTR) by 5.8% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,931 shares of the utilities provider’s stock after selling 1,229 shares during the quarter. Clean Yield Group’s holdings in Aqua America were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. AdvisorNet Financial Inc raised its position in Aqua America by 305.0% during the third quarter. AdvisorNet Financial Inc now owns 810 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 610 shares in the last quarter. State of New Jersey Common Pension Fund D raised its position in Aqua America by 121.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 199,500 shares of the utilities provider’s stock valued at $8,944,000 after acquiring an additional 109,500 shares in the last quarter. Arcadia Investment Management Corp MI raised its position in Aqua America by 8.9% during the third quarter. Arcadia Investment Management Corp MI now owns 11,050 shares of the utilities provider’s stock valued at $495,000 after acquiring an additional 900 shares in the last quarter. EagleClaw Capital Managment LLC raised its position in Aqua America by 110.6% during the third quarter. EagleClaw Capital Managment LLC now owns 13,602 shares of the utilities provider’s stock valued at $610,000 after acquiring an additional 7,142 shares in the last quarter. Finally, Moors & Cabot Inc. raised its position in Aqua America by 8.3% during the third quarter. Moors & Cabot Inc. now owns 15,107 shares of the utilities provider’s stock valued at $677,000 after acquiring an additional 1,155 shares in the last quarter. 65.17% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have commented on the company. ValuEngine downgraded Aqua America from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Bank of America assumed coverage on Aqua America in a report on Monday, July 15th. They set a “buy” rating and a $45.00 price target on the stock. Wells Fargo & Co set a $47.00 price target on Aqua America and gave the company a “hold” rating in a report on Tuesday, September 3rd. HSBC set a $46.00 price target on Aqua America and gave the company a “buy” rating in a report on Friday, June 28th. Finally, UBS Group downgraded Aqua America from a “buy” rating to a “neutral” rating and increased their price target for the company from $42.00 to $45.00 in a report on Thursday, August 8th. They noted that the move was a valuation call. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $46.09.

WTR stock traded up $0.23 during midday trading on Thursday, hitting $46.62. 17,618 shares of the company traded hands, compared to its average volume of 1,006,594. The business has a 50 day simple moving average of $44.89 and a 200-day simple moving average of $41.59. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of 33.05, a price-to-earnings-growth ratio of 5.27 and a beta of 0.35. The company has a quick ratio of 5.27, a current ratio of 5.31 and a debt-to-equity ratio of 0.72. Aqua America Inc has a twelve month low of $32.09 and a twelve month high of $46.90.

Aqua America (NYSE:WTR) last announced its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.02). The company had revenue of $218.90 million during the quarter, compared to analyst estimates of $221.07 million. Aqua America had a return on equity of 10.13% and a net margin of 17.18%. The company’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.37 EPS. Equities research analysts forecast that Aqua America Inc will post 1.46 EPS for the current year.

In related news, Director Daniel J. Hilferty III acquired 1,153 shares of the stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of $43.35 per share, for a total transaction of $49,982.55. Following the completion of the purchase, the director now owns 8,720 shares in the company, valued at approximately $378,012. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Daniel J. Hilferty III acquired 1,152 shares of the stock in a transaction dated Monday, September 9th. The stock was bought at an average price of $43.38 per share, for a total transaction of $49,973.76. Following the purchase, the director now owns 9,872 shares of the company’s stock, valued at approximately $428,247.36. The disclosure for this purchase can be found here. Company insiders own 0.30% of the company’s stock.

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 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; and water and sewer line protection solutions, and repair services to households through third-party.

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

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