Advisor Partners LLC Purchases Shares of 4,762 Aqua America Inc (NYSE:WTR)

Advisor Partners LLC purchased a new stake in shares of Aqua America Inc (NYSE:WTR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,762 shares of the utilities provider’s stock, valued at approximately $213,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Amundi Pioneer Asset Management Inc. boosted its position in Aqua America by 21.7% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 1,745,986 shares of the utilities provider’s stock valued at $63,623,000 after purchasing an additional 311,577 shares during the last quarter. Fulton Bank N.A. acquired a new position in Aqua America during the second quarter valued at approximately $222,000. Rockland Trust Co. boosted its position in Aqua America by 1.3% during the second quarter. Rockland Trust Co. now owns 279,829 shares of the utilities provider’s stock valued at $11,577,000 after purchasing an additional 3,679 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in Aqua America by 47.7% during the second quarter. Carroll Financial Associates Inc. now owns 3,495 shares of the utilities provider’s stock valued at $144,000 after purchasing an additional 1,129 shares during the last quarter. Finally, Retirement Systems of Alabama boosted its position in Aqua America by 21.0% during the second quarter. Retirement Systems of Alabama now owns 280,596 shares of the utilities provider’s stock valued at $11,608,000 after purchasing an additional 48,693 shares during the last quarter. Institutional investors and hedge funds own 65.17% of the company’s stock.

In other news, Director Daniel J. Hilferty III bought 1,153 shares of the stock in a transaction dated Thursday, August 15th. The shares were bought 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 $378,012. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel J. Hilferty III acquired 1,152 shares of the stock in a transaction on Monday, September 9th. The shares were 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 in the company, valued at $428,247.36. The disclosure for this purchase can be found here. 0.30% of the stock is currently owned by company insiders.

WTR opened at $46.52 on Wednesday. Aqua America Inc has a 12-month low of $32.09 and a 12-month high of $46.78. The stock has a market cap of $10.05 billion, a price-to-earnings ratio of 32.99, a PEG ratio of 5.27 and a beta of 0.35. The business has a 50 day moving average of $44.85 and a 200-day moving average of $41.54. 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 (NYSE:WTR) last released its quarterly earnings data on Tuesday, August 6th. The utilities provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.39 by ($0.02). The business had revenue of $218.90 million during the quarter, compared to analyst estimates of $221.07 million. Aqua America had a net margin of 17.18% and a return on equity of 10.13%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. As a group, analysts expect that Aqua America Inc will post 1.46 earnings per share for the current year.

Several research analysts recently commented on the company. HSBC set a $46.00 price target on Aqua America and gave the company a “buy” rating in a research report on Friday, June 28th. UBS Group cut Aqua America from a “buy” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $45.00 in a research report on Thursday, August 8th. They noted that the move was a valuation call. Wells Fargo & Co set a $47.00 price objective on Aqua America and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Bank of America began coverage on Aqua America in a research report on Monday, July 15th. They issued a “buy” rating and a $45.00 price objective for the company. Finally, Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating and set a $48.00 price objective for the company in a research report on Saturday, October 12th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Aqua America presently has an average rating of “Buy” and a consensus price target of $46.09.

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.

See Also: Arbitrage

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

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