Arizona State Retirement System lifted its stake in Aqua America Inc (NYSE:WTR) by 27.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 127,898 shares of the utilities provider’s stock after buying an additional 27,244 shares during the period. Arizona State Retirement System’s holdings in Aqua America were worth $5,017,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds also recently modified their holdings of WTR. WINTON GROUP Ltd acquired a new position in shares of Aqua America in the 3rd quarter worth approximately $6,917,000. Legacy Advisors LLC acquired a new stake in Aqua America during the 3rd quarter valued at $6,310,000. Pictet Asset Management Ltd. increased its holdings in Aqua America by 4.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock valued at $146,940,000 after purchasing an additional 180,667 shares in the last quarter. KBC Group NV increased its holdings in Aqua America by 78.5% during the 3rd quarter. KBC Group NV now owns 354,500 shares of the utilities provider’s stock valued at $11,766,000 after purchasing an additional 155,860 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in Aqua America by 117.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 273,333 shares of the utilities provider’s stock valued at $9,088,000 after purchasing an additional 147,528 shares in the last quarter. 52.86% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts recently weighed in on the company. Robert W. Baird reaffirmed a “hold” rating and set a $32.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Argus raised their price target on Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a report on Wednesday, December 13th. Boenning Scattergood reaffirmed a “buy” rating and set a $43.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a report on Sunday, January 21st. Finally, Hilliard Lyons raised Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $39.17.
The company also recently announced a mar 18 dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 16th will be paid 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 dividend payout ratio (DPR) is currently 61.65%.
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Aqua America Profile
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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