Amalgamated Bank grew its position in shares of Aqua America Inc (NYSE:WTR) by 6.0% during the fourth quarter, Holdings Channel reports. The fund owned 35,953 shares of the utilities provider’s stock after purchasing an additional 2,026 shares during the quarter. Amalgamated Bank’s holdings in Aqua America were worth $1,410,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. New York State Common Retirement Fund boosted its holdings in Aqua America by 0.3% during the 3rd quarter. New York State Common Retirement Fund now owns 501,400 shares of the utilities provider’s stock worth $16,641,000 after acquiring an additional 1,400 shares during the last quarter. Prudential Financial Inc. boosted its holdings in Aqua America by 1.1% during the 3rd quarter. Prudential Financial Inc. now owns 141,067 shares of the utilities provider’s stock worth $4,682,000 after acquiring an additional 1,540 shares during the last quarter. Bank of Montreal Can boosted its holdings in Aqua America by 1.9% during the 4th quarter. Bank of Montreal Can now owns 84,210 shares of the utilities provider’s stock worth $3,304,000 after acquiring an additional 1,605 shares during the last quarter. NewSquare Capital LLC boosted its holdings in Aqua America by 0.9% during the 4th quarter. NewSquare Capital LLC now owns 181,445 shares of the utilities provider’s stock worth $7,118,000 after acquiring an additional 1,638 shares during the last quarter. Finally, Ledyard National Bank boosted its holdings in Aqua America by 3.4% during the 4th quarter. Ledyard National Bank now owns 51,147 shares of the utilities provider’s stock worth $2,006,000 after acquiring an additional 1,690 shares during the last quarter. 53.24% of the stock is currently owned by hedge funds and other institutional investors.
Aqua America Inc (WTR) opened at $33.61 on Friday. The company has a quick ratio of 0.41, a current ratio of 0.46 and a debt-to-equity ratio of 1.03. The firm has a market cap of $5,990.00, a PE ratio of 24.71, a P/E/G ratio of 3.97 and a beta of 0.48. Aqua America Inc has a fifty-two week low of $30.50 and a fifty-two week high of $39.55.
The business also recently declared a mar 18 dividend, which was paid on Thursday, March 1st. Investors of record on Friday, February 16th were issued a $0.2047 dividend. This represents a dividend yield of 0.00579722458227131%. The ex-dividend date of this dividend was Thursday, February 15th. Aqua America’s dividend payout ratio (DPR) is currently 60.29%.
WTR has been the topic of a number of analyst reports. Zacks Investment Research raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 price objective on the stock in a report on Monday, January 15th. UBS Group initiated coverage on shares of Aqua America in a report on Thursday. They set a “neutral” rating and a $36.00 price objective on the stock. Argus lifted their price objective 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. Hilliard Lyons raised shares of Aqua America from an “underperform” rating to a “neutral” rating in a report on Thursday, December 21st. Finally, Wells Fargo & Co downgraded shares of Aqua America from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $43.00 to $37.00 in a report on Monday, February 26th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $38.29.
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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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