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Aqua America (NYSE:WTR) was upgraded by equities researchers at Macquarie from an “underperform” rating to a “neutral” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.

Aqua America (NYSE:WTR) opened at 23.77 on Tuesday. 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 $4.209 billion and a P/E ratio of 19.11.

Aqua America (NYSE:WTR) last released its earnings data on Wednesday, May 7th. The company reported $0.24 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue 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.

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. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $30.50.

In other Aqua America news, Chairman Nicholas Debenedictis sold 50,000 shares of the stock in a transaction that occurred on Friday, August 1st. The shares were sold at an average price of $23.83, for a total transaction of $1,191,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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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