Aqua America Inc. (NYSE:WTR)’s share price traded down 2.4% during trading on Thursday . The company traded as low as $34.53 and last traded at $34.57, with a volume of 393,783 shares. The stock had previously closed at $35.42.

A number of equities analysts have recently commented on the stock. Barclays PLC increased their price objective on shares of Aqua America from $33.00 to $35.00 and gave the stock an “equal weight” rating in a research note on Thursday, May 5th. Zacks Investment Research downgraded shares of Aqua America from a “hold” rating to a “sell” rating in a research note on Wednesday, May 4th. Argus increased their price objective on shares of Aqua America from $34.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, March 21st. Finally, US Capital Advisors restated a “hold” rating on shares of Aqua America in a research note on Tuesday, April 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.06.

The stock’s 50 day moving average is $33.56 and its 200 day moving average is $31.76. The stock has a market capitalization of $6.10 billion and a price-to-earnings ratio of 29.68.

Aqua America (NYSE:WTR) last posted its quarterly earnings results on Tuesday, May 3rd. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.01. During the same period last year, the firm posted $0.27 earnings per share. The company earned $192.60 million during the quarter, compared to the consensus estimate of $198.59 million. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Analysts predict that Aqua America Inc. will post $1.33 earnings per share for the current fiscal year.

In other news, CEO Chris Franklin sold 17,243 shares of the business’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $32.83, for a total transaction of $566,087.69. Following the completion of the sale, the chief executive officer now directly owns 89,794 shares of the company’s stock, valued at $2,947,937.02. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO David Smeltzer sold 20,000 shares of the business’s stock in a transaction dated Tuesday, May 17th. The stock was sold at an average price of $32.55, for a total transaction of $651,000.00. Following the sale, the chief financial officer now directly owns 75,696 shares of the company’s stock, valued at $2,463,904.80. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its position in Aqua America by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 33,800 shares of the company’s stock valued at $1,007,000 after buying an additional 784 shares during the period. Hamilton Point Investment Advisors LLC boosted its position in Aqua America by 10.8% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 50,540 shares of the company’s stock valued at $1,506,000 after buying an additional 4,916 shares during the period. Bank of Montreal Can boosted its position in Aqua America by 1.4% in the fourth quarter. Bank of Montreal Can now owns 79,657 shares of the company’s stock valued at $2,373,000 after buying an additional 1,127 shares during the period. Chicago Equity Partners LLC purchased a new position in Aqua America during the fourth quarter valued at $2,373,000. Finally, Agran Libbie boosted its position in Aqua America by 9,899.8% in the fourth quarter. Agran Libbie now owns 9,071,801 shares of the company’s stock valued at $2,703,000 after buying an additional 8,981,081 shares during the period.

Aqua America, Inc is a holding company. The Company, through its subsidiaries, provides water or wastewater services in Pennsylvania, New Jersey, Indiana and Virginia, among others. It is the holding company for its subsidiary, Aqua Pennsylvania, Inc Its market-based activities are conducted through Aqua Resources Inc and Aqua Infrastructure, LLC.

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