National Investment Services Inc. WI acquired a new stake in Aqua America Inc (NYSE:WTR) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 13,335 shares of the utilities provider’s stock, valued at approximately $469,000.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC lifted its position in Aqua America by 37.7% in the fourth quarter. LPL Financial LLC now owns 59,428 shares of the utilities provider’s stock valued at $2,331,000 after purchasing an additional 16,283 shares during the last quarter. Hoylecohen LLC bought a new position in shares of Aqua America during the fourth quarter valued at approximately $1,269,000. Guggenheim Capital LLC raised its holdings in shares of Aqua America by 0.8% during the fourth quarter. Guggenheim Capital LLC now owns 699,469 shares of the utilities provider’s stock valued at $27,441,000 after acquiring an additional 5,515 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Aqua America by 2.4% during the first quarter. BlackRock Inc. now owns 16,087,084 shares of the utilities provider’s stock valued at $547,925,000 after acquiring an additional 377,415 shares in the last quarter. Finally, Wells Fargo & Company MN raised its holdings in shares of Aqua America by 14.3% during the fourth quarter. Wells Fargo & Company MN now owns 616,816 shares of the utilities provider’s stock valued at $24,198,000 after acquiring an additional 77,145 shares in the last quarter. Hedge funds and other institutional investors own 54.24% of the company’s stock.

A number of equities analysts recently commented on the company. Zacks Investment Research upgraded Aqua America from a “sell” rating to a “hold” rating in a report on Wednesday, May 30th. ValuEngine upgraded Aqua America from a “hold” rating to a “buy” rating in a report on Friday, May 4th. Boenning Scattergood restated a “hold” rating on shares of Aqua America in a report on Wednesday, May 9th. Finally, UBS Group assumed coverage on Aqua America in a report on Thursday, March 8th. They set a “neutral” rating and a $36.00 target price for the company. Seven research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $38.29.

WTR stock traded down $0.09 during midday trading on Monday, hitting $35.09. The stock had a trading volume of 39,564 shares, compared to its average volume of 649,588. The stock has a market cap of $6.26 billion, a price-to-earnings ratio of 25.97, a PEG ratio of 4.71 and a beta of 0.45. Aqua America Inc has a 52-week low of $32.30 and a 52-week high of $39.55. The company has a quick ratio of 0.42, a current ratio of 0.48 and a debt-to-equity ratio of 1.05.

Aqua America (NYSE:WTR) last issued its quarterly earnings results on Tuesday, May 8th. The utilities provider reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $194.30 million for the quarter, compared to analysts’ expectations of $193.19 million. Aqua America had a return on equity of 12.60% and a net margin of 29.59%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.28 earnings per share. equities research analysts expect that Aqua America Inc will post 1.4 earnings per share for the current fiscal year.

Aqua America Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater 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.

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

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