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Aqua America (NYSE:WTR) Chairman Nicholas Debenedictis unloaded 50,000 shares of the company’s stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $23.83, for a total transaction of $1,191,500.00. Following the transaction, the chairman now directly owns 5,180 shares of the company’s stock, valued at approximately $123,439. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Aqua America (NYSE:WTR) traded down 0.97% on Monday, hitting $23.54. 1,222,807 shares of the company’s stock traded hands. Aqua America has a 1-year low of $22.40 and a 1-year high of $27.792. The stock has a 50-day moving average of $24.97 and a 200-day moving average of $24.79. The company has a market cap of $4.168 billion and a P/E ratio of 19.29.

Aqua America (NYSE:WTR) last announced its earnings results on Wednesday, May 7th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $182.67 million for the quarter, compared to the consensus estimate of $184.24 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, analysts predict that Aqua America will post $1.20 earnings per share for the current fiscal year.

Separately, analysts at Argus raised their price target on shares of Aqua America from $26.00 to $29.00 in a research note on Wednesday, June 18th. They now have a “buy” rating on the stock. Three research analysts have rated the stock with a buy rating, The company has an average rating of “Buy” and a consensus price target of $30.50.

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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