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

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

The firm has a market cap of $6.14 billion and a PE ratio of 29.86. The company has a 50 day moving average of $33.65 and a 200 day moving average of $31.80.

Aqua America (NYSE:WTR) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.28 by $0.01. The firm had revenue of $192.60 million for the quarter, compared to the consensus estimate of $198.59 million. During the same quarter in the prior year, the firm posted $0.27 earnings per share. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. On average, equities analysts anticipate that Aqua America Inc. will post $1.33 EPS for the current year.

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

A number of hedge funds recently made changes to their positions in WTR. Victory Capital Management Inc. boosted its stake in shares of Aqua America by 2.4% in the fourth quarter. Victory Capital Management Inc. now owns 33,800 shares of the company’s stock worth $1,007,000 after buying an additional 784 shares during the period. Hamilton Point Investment Advisors LLC boosted its stake in shares of Aqua America by 10.8% in the fourth quarter. Hamilton Point Investment Advisors LLC now owns 50,540 shares of the company’s stock worth $1,506,000 after buying an additional 4,916 shares during the period. Bank of Montreal Can boosted its stake in shares of Aqua America by 1.4% in the fourth quarter. Bank of Montreal Can now owns 79,657 shares of the company’s stock worth $2,373,000 after buying an additional 1,127 shares during the period. Chicago Equity Partners LLC bought a new stake in shares of Aqua America during the fourth quarter worth $2,373,000. Finally, Agran Libbie boosted its stake in shares of Aqua America by 9,899.8% in the fourth quarter. Agran Libbie now owns 9,071,801 shares of the company’s stock worth $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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