Shares of Aqua America Inc (NYSE:WTR) have been assigned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $38.25.

Several research analysts have recently issued reports on WTR shares. Boenning Scattergood restated a “buy” rating and issued a $43.00 price target on shares of Aqua America in a research report on Wednesday, November 1st. Zacks Investment Research upgraded Aqua America from a “hold” rating to a “buy” rating and set a $38.00 price target on the stock in a research report on Tuesday, October 3rd. Robert W. Baird restated a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research report on Sunday, October 1st. Wells Fargo & Company upgraded Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a research report on Thursday, October 19th. Finally, Barclays raised their price target on Aqua America from $36.00 to $38.00 and gave the stock an “overweight” rating in a research report on Friday, September 22nd.

Aqua America (NYSE WTR) traded down $0.05 during trading hours on Monday, hitting $38.13. The stock had a trading volume of 767,733 shares, compared to its average volume of 550,771. Aqua America has a 1-year low of $29.41 and a 1-year high of $38.20. The company has a debt-to-equity ratio of 1.01, a current ratio of 0.55 and a quick ratio of 0.48. The company has a market cap of $6,710.00, a price-to-earnings ratio of 28.71, a P/E/G ratio of 4.43 and a beta of 0.59.

Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The business had revenue of $215.01 million for the quarter, compared to analyst estimates of $234.40 million. During the same period last year, the company earned $0.41 EPS. The firm’s revenue was down 5.1% on a year-over-year basis. sell-side analysts predict that Aqua America will post 1.36 earnings per share for the current year.

The company also recently declared a dec 17 dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were paid a $0.2047 dividend. This represents a dividend yield of 2.3%. The ex-dividend date of this dividend was Thursday, November 16th. Aqua America’s dividend payout ratio is 61.65%.

In other Aqua America news, VP David Smeltzer sold 10,000 shares of Aqua America stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value of $363,600.00. Following the sale, the vice president now owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders acquired a total of 75,500 shares of company stock worth $11,325 in the last three months. Company insiders own 0.25% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. IFP Advisors Inc raised its stake in shares of Aqua America by 20.8% in the 2nd quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock valued at $157,000 after purchasing an additional 809 shares during the period. Headinvest LLC acquired a new stake in shares of Aqua America in the third quarter valued at about $203,000. Private Vista LLC acquired a new stake in shares of Aqua America in the third quarter valued at about $205,000. Eqis Capital Management Inc. acquired a new stake in shares of Aqua America in the third quarter valued at about $206,000. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Aqua America in the third quarter valued at about $211,000. 51.70% of the stock is currently owned by hedge funds and other institutional investors.

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About Aqua America

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).

Analyst Recommendations for Aqua America (NYSE:WTR)

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