Deutsche Bank AG raised its stake in shares of Aqua America Inc (NYSE:WTR) by 7.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,425,331 shares of the utilities provider’s stock after purchasing an additional 101,922 shares during the period. Deutsche Bank AG owned 0.80% of Aqua America worth $55,911,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in the business. Jefferies Group LLC grew its holdings in Aqua America by 32.2% during the fourth quarter. Jefferies Group LLC now owns 40,138 shares of the utilities provider’s stock valued at $1,575,000 after purchasing an additional 9,777 shares during the period. Natixis Asset Management grew its holdings in Aqua America by 66.0% during the fourth quarter. Natixis Asset Management now owns 128,135 shares of the utilities provider’s stock valued at $5,027,000 after purchasing an additional 50,942 shares during the period. Advisor Group Inc. grew its holdings in Aqua America by 24.8% during the fourth quarter. Advisor Group Inc. now owns 28,146 shares of the utilities provider’s stock valued at $1,105,000 after purchasing an additional 5,596 shares during the period. AMP Capital Investors Ltd grew its holdings in Aqua America by 16.7% during the fourth quarter. AMP Capital Investors Ltd now owns 83,342 shares of the utilities provider’s stock valued at $3,270,000 after purchasing an additional 11,930 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Aqua America during the fourth quarter valued at about $2,970,000. 54.03% of the stock is owned by institutional investors and hedge funds.
Aqua America Inc (WTR) opened at $33.61 on Wednesday. Aqua America Inc has a 52-week low of $31.05 and a 52-week high of $39.55. The company has a market capitalization of $5,970.00, a PE ratio of 24.71, a PEG ratio of 3.98 and a beta of 0.48. The company has a debt-to-equity ratio of 1.03, a current ratio of 0.46 and a quick ratio of 0.41.
The company also recently announced a mar 18 dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 16th were given a $0.2047 dividend. The ex-dividend date was Thursday, February 15th. This represents a dividend yield of 0.00579722458227131%. Aqua America’s dividend payout ratio is currently 60.29%.
Several analysts have issued reports on the company. UBS Group assumed coverage on Aqua America in a report on Thursday, March 8th. They set a “neutral” rating and a $36.00 price target for the company. Wells Fargo & Co lowered Aqua America from an “outperform” rating to a “market perform” rating and cut their price target for the company from $43.00 to $37.00 in a report on Monday, February 26th. Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a research report on Thursday, December 21st. Finally, Argus boosted their price objective on Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a research report on Wednesday, December 13th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $38.29.
Aqua America 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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