Cubist Systematic Strategies LLC acquired a new position in Aqua America Inc (NYSE:WTR) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 8,403 shares of the utilities provider’s stock, valued at approximately $279,000.

Several other hedge funds have also added to or reduced their stakes in WTR. Headinvest LLC purchased a new position in Aqua America in the 3rd quarter worth approximately $203,000. Private Vista LLC purchased a new position in Aqua America in the 3rd quarter worth approximately $205,000. Eqis Capital Management Inc. purchased a new position in Aqua America in the 3rd quarter worth approximately $206,000. IFP Advisors Inc raised its holdings in Aqua America by 31.8% in the 3rd quarter. IFP Advisors Inc now owns 6,196 shares of the utilities provider’s stock worth $206,000 after acquiring an additional 1,495 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. purchased a new position in Aqua America in the 3rd quarter worth approximately $211,000. Hedge funds and other institutional investors own 51.71% of the company’s stock.

A number of equities analysts recently weighed in on WTR shares. Robert W. Baird restated a “hold” rating and issued a $32.00 price objective on shares of Aqua America in a report on Sunday, October 1st. Zacks Investment Research raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research report on Monday, January 15th. Boenning Scattergood reaffirmed a “buy” rating and issued a $43.00 target price on shares of Aqua America in a research report on Wednesday, November 1st. Wells Fargo & Co raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research report on Thursday, October 19th. Finally, Argus lifted their target price on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $39.17.

In related news, VP David Smeltzer sold 10,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $36.36, for a total value of $363,600.00. Following the completion of the transaction, the vice president now owns 71,397 shares of the company’s stock, valued at approximately $2,595,994.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.25% of the company’s stock.

Shares of Aqua America Inc (WTR) traded down $0.35 during mid-day trading on Monday, hitting $36.34. 796,104 shares of the stock were exchanged, compared to its average volume of 811,232. The company has a market cap of $6,480.00, a P/E ratio of 27.32, a price-to-earnings-growth ratio of 4.63 and a beta of 0.59. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55. Aqua America Inc has a 12-month low of $29.53 and a 12-month high of $39.55.

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

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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).

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

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