Advisory Services Network LLC Trims Position in Aqua America Inc (NYSE:WTR)

Advisory Services Network LLC decreased its position in shares of Aqua America Inc (NYSE:WTR) by 3.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,041 shares of the utilities provider’s stock after selling 224 shares during the quarter. Advisory Services Network LLC’s holdings in Aqua America were worth $330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in WTR. Quadrant Capital Group LLC increased its holdings in shares of Aqua America by 7.8% during the 4th quarter. Quadrant Capital Group LLC now owns 2,755 shares of the utilities provider’s stock worth $127,000 after buying an additional 200 shares during the last quarter. Good Life Advisors LLC raised its position in Aqua America by 2.2% in the fourth quarter. Good Life Advisors LLC now owns 11,871 shares of the utilities provider’s stock valued at $559,000 after purchasing an additional 258 shares during the period. Louisiana State Employees Retirement System raised its position in Aqua America by 0.6% in the fourth quarter. Louisiana State Employees Retirement System now owns 52,200 shares of the utilities provider’s stock valued at $2,450,000 after purchasing an additional 300 shares during the period. Mitchell Sinkler & Starr PA raised its position in Aqua America by 2.1% in the fourth quarter. Mitchell Sinkler & Starr PA now owns 16,942 shares of the utilities provider’s stock valued at $795,000 after purchasing an additional 350 shares during the period. Finally, Arcadia Investment Management Corp MI lifted its stake in shares of Aqua America by 3.2% in the 4th quarter. Arcadia Investment Management Corp MI now owns 11,400 shares of the utilities provider’s stock valued at $535,000 after purchasing an additional 350 shares during the last quarter. 66.47% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WTR stock opened at $53.18 on Friday. The firm’s 50 day moving average price is $49.99 and its 200-day moving average price is $45.79. The company has a debt-to-equity ratio of 0.75, a quick ratio of 6.14 and a current ratio of 6.19. Aqua America Inc has a one year low of $34.21 and a one year high of $52.58. The firm has a market cap of $11.48 billion, a P/E ratio of 75.97, a P/E/G ratio of 5.32 and a beta of 0.32.

The business also recently announced a quarterly dividend, which will be paid on Sunday, March 1st. Investors of record on Friday, February 14th will be issued a $0.2343 dividend. This represents a $0.94 annualized dividend and a yield of 1.76%. Aqua America’s dividend payout ratio (DPR) is presently 66.67%.

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

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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