Tokio Marine Asset Management Co. Ltd. bought a new position in Aqua America, Inc. (NYSE:WTR) during the second quarter, according to its most recent 13F filing with the SEC. The firm bought 6,200 shares of the utilities provider’s stock, valued at approximately $206,000.
Several other institutional investors have also recently modified their holdings of WTR. IFP Advisors Inc increased its position in Aqua America by 1.4% in the first quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock valued at $125,000 after buying an additional 53 shares in the last quarter. Wetherby Asset Management Inc. increased its position in Aqua America by 0.9% in the first quarter. Wetherby Asset Management Inc. now owns 7,571 shares of the utilities provider’s stock valued at $244,000 after buying an additional 70 shares in the last quarter. CENTRAL TRUST Co increased its position in Aqua America by 0.7% in the second quarter. CENTRAL TRUST Co now owns 10,124 shares of the utilities provider’s stock valued at $337,000 after buying an additional 71 shares in the last quarter. Utah Retirement Systems increased its position in Aqua America by 0.3% in the first quarter. Utah Retirement Systems now owns 32,321 shares of the utilities provider’s stock valued at $1,039,000 after buying an additional 100 shares in the last quarter. Finally, Thompson Davis & CO. Inc. increased its position in Aqua America by 4.2% in the first quarter. Thompson Davis & CO. Inc. now owns 3,301 shares of the utilities provider’s stock valued at $106,000 after buying an additional 132 shares in the last quarter. Hedge funds and other institutional investors own 50.90% of the company’s stock.
Shares of Aqua America, Inc. (WTR) traded down 0.06% during midday trading on Friday, hitting $33.56. 364,565 shares of the stock were exchanged. The company has a market cap of $5.96 billion, a PE ratio of 25.62 and a beta of 0.52. Aqua America, Inc. has a 12-month low of $28.03 and a 12-month high of $34.41. The firm has a 50-day moving average price of $33.32 and a 200-day moving average price of $32.36.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th will be issued a $0.2047 dividend. The ex-dividend date is Monday, August 14th. This is a positive change from Aqua America’s previous quarterly dividend of $0.19. This represents a $0.82 annualized dividend and a dividend yield of 2.44%. Aqua America’s payout ratio is 62.60%.
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WTR has been the subject of several research analyst reports. Northcoast Research initiated coverage on shares of Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating for the company. BidaskClub upgraded shares of Aqua America from a “hold” rating to a “buy” rating in a research note on Thursday, June 15th. Finally, Zacks Investment Research cut shares of Aqua America from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. Aqua America presently has a consensus rating of “Hold” and an average price target of $32.25.
In other Aqua America news, Director Richard H. Glanton sold 4,200 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.83, for a total transaction of $137,886.00. Following the completion of the transaction, the director now directly owns 2,207 shares of the company’s stock, valued at approximately $72,455.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Richard Scott Fox sold 5,750 shares of the business’s stock in a transaction dated Tuesday, June 6th. The shares were sold at an average price of $32.89, for a total transaction of $189,117.50. Following the transaction, the chief operating officer now directly owns 18,788 shares of the company’s stock, valued at $617,937.32. The disclosure for this sale can be found here. Insiders own 0.25% of the company’s stock.
Aqua America Company Profile
Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).
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