Cullen Frost Bankers Inc. Decreases Stock Position in Aqua America Inc (NYSE:WTR)

Cullen Frost Bankers Inc. cut its holdings in Aqua America Inc (NYSE:WTR) by 1.7% during the 4th quarter, Holdings reports. The institutional investor owned 77,243 shares of the utilities provider’s stock after selling 1,357 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Aqua America were worth $3,626,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the stock. Strategic Blueprint LLC acquired a new position in Aqua America in the 3rd quarter valued at about $28,000. Tobias Financial Advisors Inc. acquired a new position in shares of Aqua America during the 4th quarter valued at about $29,000. Northern Oak Wealth Management Inc. acquired a new position in shares of Aqua America during the 3rd quarter valued at about $31,000. AdvisorNet Financial Inc increased its stake in shares of Aqua America by 305.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 810 shares of the utilities provider’s stock valued at $36,000 after acquiring an additional 610 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC acquired a new position in shares of Aqua America during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 66.47% of the company’s stock.

Separately, Bank of America cut Aqua America from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a report on Tuesday, January 21st. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $48.00.

NYSE WTR opened at $53.72 on Friday. The stock has a market cap of $11.59 billion, a PE ratio of 76.74, a P/E/G ratio of 5.32 and a beta of 0.32. Aqua America Inc has a fifty-two week low of $34.21 and a fifty-two week high of $52.58. The business has a 50 day moving average price of $49.99 and a two-hundred day moving average price of $45.79. The company has a quick ratio of 6.14, a current ratio of 6.19 and a debt-to-equity ratio of 0.75.

The business also recently declared a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 14th will be issued a $0.2343 dividend. This represents a $0.94 dividend on an annualized basis and a yield of 1.74%. Aqua America’s dividend payout ratio is presently 66.67%.

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 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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