Aqua America Inc. (WTR) Plans Quarterly Dividend of $0.15
Aqua America (NYSE:WTR) announced a quarterly dividend on Wednesday, October 16th, Analyst Ratings News reports. Investors of record on Monday, November 18th will be paid a dividend of $0.152 per share on Sunday, December 1st. This represents a $0.61 annualized dividend and a dividend yield of 2.48%.
A number of analysts have recently weighed in on WTR shares. Analysts at Ladenburg Thalmann initiated coverage on shares of Aqua America in a research note to investors on Thursday, September 12th. They set a “buy” rating and a $28.00 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of Aqua America from $32.00 to $34.00 in a research note to investors on Friday, August 9th. Finally, analysts at Brean Capital raised their price target on shares of Aqua America from $38.00 to $41.00 in a research note to investors on Thursday, August 8th. They now have a “buy” rating on the stock. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $33.17.
Aqua America (NYSE:WTR) traded up 1.20% during mid-day trading on Wednesday, hitting $24.49. The stock had a trading volume of 635,657 shares. Aqua America has a 52 week low of $19.32 and a 52 week high of $28.12. The stock has a 50-day moving average of $24.50 and a 200-day moving average of $25.36. The company has a market cap of $4.322 billion and a P/E ratio of 19.52.
Aqua America, Inc (NYSE:WTR) is the holding company for regulated utilities providing water or wastewater services in Pennsylvania, Texas, North Carolina, Ohio, Illinois, New Jersey, New York, Florida, Indiana, Virginia, Maine, and Georgia.
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