Aqua America, Inc. (NYSE:WTR) insider Robert A. Rubin sold 12,499 shares of Aqua America stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $34.46, for a total value of $430,715.54. Following the completion of the sale, the insider now directly owns 80,604 shares in the company, valued at $2,777,613.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Shares of Aqua America, Inc. (NYSE WTR) traded down 0.53% during midday trading on Wednesday, hitting $33.70. The stock had a trading volume of 312,438 shares. Aqua America, Inc. has a 52-week low of $28.03 and a 52-week high of $34.66. The firm has a 50 day moving average price of $33.74 and a 200-day moving average price of $32.82. The stock has a market cap of $5.99 billion, a PE ratio of 25.73 and a beta of 0.53.

Aqua America (NYSE:WTR) last issued its quarterly earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.34. The firm had revenue of $203.40 million for the quarter, compared to analyst estimates of $208.28 million. Aqua America had a net margin of 28.59% and a return on equity of 12.51%. Aqua America’s quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. Equities analysts predict that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Wednesday, August 16th were issued a $0.2047 dividend. This is an increase from Aqua America’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Monday, August 14th. This represents a $0.82 dividend on an annualized basis and a yield of 2.42%. Aqua America’s dividend payout ratio is presently 62.60%.

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Several equities research analysts have recently issued reports on the company. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Boenning Scattergood reaffirmed an “outperform” rating on shares of Aqua America in a report on Tuesday, September 5th. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a report on Thursday, July 13th. Robert W. Baird reaffirmed a “hold” rating and issued a $32.00 target price on shares of Aqua America in a report on Friday, August 25th. Finally, Northcoast Research assumed coverage on Aqua America in a report on Thursday, May 25th. They issued a “neutral” rating on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $32.25.

Hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its holdings in Aqua America by 1.4% in the 1st quarter. IFP Advisors Inc now owns 3,892 shares of the utilities provider’s stock valued at $125,000 after acquiring an additional 53 shares during the last quarter. Benjamin F. Edwards & Company Inc. raised its holdings in Aqua America by 10.6% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock valued at $149,000 after acquiring an additional 431 shares during the last quarter. Barrett Asset Management LLC acquired a new stake in Aqua America in the 2nd quarter valued at about $197,000. Huntington National Bank raised its holdings in Aqua America by 6.7% in the 2nd quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock valued at $199,000 after acquiring an additional 375 shares during the last quarter. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new stake in Aqua America in the 2nd quarter valued at about $206,000. Institutional investors own 51.04% of the company’s stock.

Aqua America Company Profile

Aqua America, Inc is a holding company. The Company is engaged in providing water or wastewater services concentrated in Pennsylvania, Ohio, Texas, Illinois, North Carolina, New Jersey, Indiana and Virginia. The Company is the holding company for its primary subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources, Inc (Aqua Resources) and Aqua Infrastructure, LLC (Aqua Infrastructure).

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