Kelman Lazarov Inc. trimmed its holdings in Aqua America Inc (NYSE:WTR) by 12.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,863 shares of the utilities provider’s stock after selling 1,687 shares during the quarter. Kelman Lazarov Inc.’s holdings in Aqua America were worth $432,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ETF Managers Group LLC boosted its holdings in shares of Aqua America by 7.7% in the first quarter. ETF Managers Group LLC now owns 4,258 shares of the utilities provider’s stock valued at $155,000 after acquiring an additional 303 shares during the period. First Personal Financial Services boosted its holdings in shares of Aqua America by 1.2% in the first quarter. First Personal Financial Services now owns 29,987 shares of the utilities provider’s stock valued at $1,093,000 after acquiring an additional 345 shares during the period. Mid Atlantic Financial Management Inc. ADV boosted its holdings in shares of Aqua America by 4.0% in the first quarter. Mid Atlantic Financial Management Inc. ADV now owns 10,301 shares of the utilities provider’s stock valued at $375,000 after acquiring an additional 400 shares during the period. Bell Rock Capital LLC boosted its holdings in shares of Aqua America by 30.4% in the first quarter. Bell Rock Capital LLC now owns 1,730 shares of the utilities provider’s stock valued at $64,000 after acquiring an additional 403 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Aqua America by 17.4% in the fourth quarter. Captrust Financial Advisors now owns 2,759 shares of the utilities provider’s stock valued at $94,000 after acquiring an additional 409 shares during the period. 46.42% of the stock is owned by hedge funds and other institutional investors.

Several equities research analysts have recently weighed in on WTR shares. Boenning Scattergood reissued a “buy” rating and issued a $43.00 price objective on shares of Aqua America in a report on Wednesday, January 30th. Janney Montgomery Scott reissued a “buy” rating on shares of Aqua America in a report on Tuesday, February 5th. UBS Group raised Aqua America from a “neutral” rating to a “buy” rating and increased their price objective for the company from $36.00 to $42.00 in a report on Tuesday, March 19th. ValuEngine downgraded Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, April 18th. Finally, Macquarie set a $37.00 price target on Aqua America and gave the stock a “hold” rating in a research note on Monday, April 22nd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $39.57.

Shares of WTR stock traded down $0.04 during mid-day trading on Wednesday, reaching $39.37. The stock had a trading volume of 472 shares, compared to its average volume of 1,312,013. Aqua America Inc has a 12-month low of $32.09 and a 12-month high of $39.61. The stock has a market cap of $8.48 billion, a P/E ratio of 27.90, a P/E/G ratio of 4.41 and a beta of 0.48. The company has a quick ratio of 0.29, a current ratio of 0.33 and a debt-to-equity ratio of 1.24.

Aqua America (NYSE:WTR) last announced its quarterly earnings results on Thursday, May 2nd. The utilities provider reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.02). Aqua America had a net margin of 18.71% and a return on equity of 12.40%. The firm had revenue of $201.10 million during the quarter, compared to analysts’ expectations of $201.17 million. During the same quarter in the prior year, the business earned $0.29 EPS. The company’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, sell-side analysts anticipate that Aqua America Inc will post 1.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, June 1st. Stockholders of record on Friday, May 17th will be given a $0.219 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date is Thursday, May 16th. Aqua America’s dividend payout ratio is currently 62.41%.

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About Aqua America

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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