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Aqua America (NYSE:WTR) announced a quarterly dividend on Tuesday, August 5th, American Banking reports. Investors of record on Friday, August 15th will be paid a dividend of 0.165 per share on Monday, September 1st. This represents a $0.66 annualized dividend and a dividend yield of 2.80%.

A number of research firms have recently commented on WTR. Analysts at Macquarie upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $23.00 price target on the stock. 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. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Aqua America currently has an average rating of “Buy” and an average target price of $29.00.

Aqua America (NYSE:WTR) traded down 0.21% on Tuesday, hitting $23.49. 435,716 shares of the company’s stock traded hands. Aqua America has a 52-week low of $22.40 and a 52-week high of $27.792. The stock’s 50-day moving average is $24.97 and its 200-day moving average is $24.79. The company has a market cap of $4.159 billion and a price-to-earnings ratio of 19.11.

Aqua America (NYSE:WTR) last posted its quarterly 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. Analysts expect that Aqua America will post $1.20 EPS for the current fiscal year.

In other Aqua America news, Chairman Nicholas Debenedictis sold 50,000 shares of the company’s stock 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. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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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