Aqua America Inc (NYSE:WTR) Shares Sold by Clean Yield Group

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Clean Yield Group trimmed its holdings in Aqua America Inc (NYSE:WTR) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,669 shares of the utilities provider’s stock after selling 262 shares during the quarter. Clean Yield Group’s holdings in Aqua America were worth $923,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. United Capital Financial Advisers LLC increased its holdings in shares of Aqua America by 9.8% in the 2nd quarter. United Capital Financial Advisers LLC now owns 14,168 shares of the utilities provider’s stock valued at $586,000 after acquiring an additional 1,259 shares during the period. Voya Financial Advisors Inc. increased its holdings in shares of Aqua America by 64.4% in the 3rd quarter. Voya Financial Advisors Inc. now owns 8,895 shares of the utilities provider’s stock valued at $397,000 after acquiring an additional 3,483 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Aqua America by 11.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 57,968 shares of the utilities provider’s stock valued at $2,599,000 after acquiring an additional 6,117 shares during the period. Man Group plc increased its holdings in shares of Aqua America by 558.6% in the 3rd quarter. Man Group plc now owns 52,533 shares of the utilities provider’s stock valued at $2,355,000 after acquiring an additional 44,556 shares during the period. Finally, Parametric Portfolio Associates LLC increased its holdings in shares of Aqua America by 1.8% in the 3rd quarter. Parametric Portfolio Associates LLC now owns 342,228 shares of the utilities provider’s stock valued at $15,342,000 after acquiring an additional 6,121 shares during the period. 66.29% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages have issued reports on WTR. Argus boosted their price objective on shares of Aqua America to $50.00 and gave the company a “buy” rating in a research note on Monday, September 30th. Janney Montgomery Scott boosted their price objective on shares of Aqua America from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Monday, October 7th. ValuEngine cut shares of Aqua America from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Zacks Investment Research raised shares of Aqua America from a “sell” rating to a “hold” rating and set a $48.00 price objective on the stock in a research note on Saturday, October 12th. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Aqua America has an average rating of “Hold” and a consensus price target of $46.80.

Shares of WTR opened at $50.57 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 6.14 and a current ratio of 6.19. The stock has a market capitalization of $10.92 billion, a P/E ratio of 35.87, a P/E/G ratio of 4.92 and a beta of 0.32. The company’s fifty day moving average is $46.16 and its two-hundred day moving average is $44.25. Aqua America Inc has a 1 year low of $33.72 and a 1 year high of $50.71.

Aqua America (NYSE:WTR) last announced its quarterly earnings data on Monday, November 4th. The utilities provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $243.60 million for the quarter, compared to analysts’ expectations of $259.99 million. Aqua America had a net margin of 18.02% and a return on equity of 8.81%. Aqua America’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.44 EPS. Sell-side analysts predict that Aqua America Inc will post 1.46 EPS for the current year.

Aqua America Company Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry; and water and sewer line protection solutions, and repair services to households through third-party.

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Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

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