Aqua America Inc. (NYSE:WTR) shares dropped 1.4% during trading on Monday . The company traded as low as $32.10 and last traded at $32.11, with a volume of 469,335 shares trading hands. The stock had previously closed at $32.58.

WTR has been the subject of a number of research analyst reports. Barclays PLC upped 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 raised shares of Aqua America from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Finally, US Capital Advisors reissued a “hold” rating on shares of Aqua America in a research report on Tuesday, April 19th. One research 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 a consensus target price of $32.06.

The company has a market capitalization of $5.61 billion and a PE ratio of 27.05. The firm has a 50-day moving average price of $34.12 and a 200-day moving average price of $32.58.

Aqua America (NYSE:WTR) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.33 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.33. The company earned $203.88 million during the quarter, compared to analyst estimates of $209.61 million. During the same quarter last year, the business earned $0.32 EPS. The company’s revenue for the quarter was down .9% compared to the same quarter last year. On average, equities analysts forecast that Aqua America Inc. will post $1.33 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 1st. Investors of record on Thursday, August 18th will be given a $0.1913 dividend. This is an increase from Aqua America’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Tuesday, August 16th. This represents a $0.77 dividend on an annualized basis and a dividend yield of 2.38%.

A number of large investors have made changes to their positions in the company. Victory Capital Management Inc. raised 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 last quarter. Calvert Investment Management Inc. raised its stake in shares of Aqua America by 55.5% in the fourth quarter. Calvert Investment Management Inc. now owns 34,455 shares of the company’s stock worth $1,027,000 after buying an additional 12,303 shares during the last quarter. Bank of Montreal Can raised 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 last quarter. Wells Fargo & Company MN raised its stake in shares of Aqua America by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 377,698 shares of the company’s stock worth $11,255,000 after buying an additional 5,171 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Aqua America by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 556,721 shares of the company’s stock worth $16,590,000 after buying an additional 20,041 shares during the last quarter.

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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