KBC Group NV lifted its stake in Aqua America Inc (NYSE:WTR) by 35.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 479,467 shares of the utilities provider’s stock after acquiring an additional 124,967 shares during the period. KBC Group NV’s holdings in Aqua America were worth $18,809,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the company. Pictet Asset Management Ltd. lifted its stake in shares of Aqua America by 4.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock worth $146,940,000 after acquiring an additional 180,667 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Aqua America by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,695,154 shares of the utilities provider’s stock worth $89,451,000 after acquiring an additional 13,501 shares during the period. Impax Asset Management LTD lifted its stake in shares of Aqua America by 7.0% in the 3rd quarter. Impax Asset Management LTD now owns 2,103,413 shares of the utilities provider’s stock worth $69,812,000 after acquiring an additional 137,582 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Aqua America by 0.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,000,136 shares of the utilities provider’s stock worth $33,194,000 after acquiring an additional 8,898 shares during the period. Finally, Stifel Financial Corp lifted its stake in shares of Aqua America by 8.8% in the 3rd quarter. Stifel Financial Corp now owns 996,823 shares of the utilities provider’s stock worth $33,023,000 after acquiring an additional 80,705 shares during the period. 51.69% of the stock is owned by institutional investors.

Shares of Aqua America Inc (NYSE:WTR) opened at $33.70 on Monday. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01. Aqua America Inc has a fifty-two week low of $29.56 and a fifty-two week high of $39.55. The company has a market cap of $5,990.00, a P/E ratio of 25.34, a P/E/G ratio of 4.26 and a beta of 0.44.

The firm also recently announced a mar 18 dividend, which will be paid on Thursday, March 1st. Investors of record on Friday, February 16th will be issued a $0.2047 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a dividend yield of 0.00579722458227131%. Aqua America’s payout ratio is currently 61.65%.

A number of research firms recently commented on WTR. Wells Fargo & Co upgraded shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price on the stock in a report on Thursday, October 19th. Hilliard Lyons upgraded shares of Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Argus boosted their target price on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, December 13th. Zacks Investment Research upgraded shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Monday, January 15th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $32.00 target price on shares of Aqua America in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $39.17.

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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).

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

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