Russell Investments Group Ltd. raised its position in shares of Aqua America Inc (NYSE:WTR) by 32.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 195,741 shares of the utilities provider’s stock after buying an additional 47,646 shares during the quarter. Russell Investments Group Ltd. owned about 0.11% of Aqua America worth $7,215,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Truvestments Capital LLC increased its holdings in shares of Aqua America by 6.2% during the third quarter. Truvestments Capital LLC now owns 23,301 shares of the utilities provider’s stock valued at $860,000 after acquiring an additional 1,350 shares in the last quarter. Flinton Capital Management LLC increased its holdings in shares of Aqua America by 5.4% during the second quarter. Flinton Capital Management LLC now owns 28,288 shares of the utilities provider’s stock valued at $995,000 after acquiring an additional 1,462 shares in the last quarter. BRYN MAWR TRUST Co increased its holdings in shares of Aqua America by 3.0% during the second quarter. BRYN MAWR TRUST Co now owns 52,281 shares of the utilities provider’s stock valued at $1,839,000 after acquiring an additional 1,543 shares in the last quarter. Trillium Asset Management LLC increased its holdings in shares of Aqua America by 3.1% during the second quarter. Trillium Asset Management LLC now owns 56,497 shares of the utilities provider’s stock valued at $1,988,000 after acquiring an additional 1,692 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Aqua America by 70.8% during the second quarter. Envestnet Asset Management Inc. now owns 4,295 shares of the utilities provider’s stock valued at $151,000 after acquiring an additional 1,780 shares in the last quarter. 54.43% of the stock is owned by institutional investors and hedge funds.

Several research firms have recently issued reports on WTR. Wells Fargo & Co set a $35.00 price objective on shares of Aqua America and gave the company a “hold” rating in a report on Tuesday, November 6th. Boenning Scattergood restated a “buy” rating and set a $43.00 price objective on shares of Aqua America in a report on Tuesday, November 6th. ValuEngine downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a report on Saturday, October 27th. Macquarie set a $35.00 price objective on shares of Aqua America and gave the company a “hold” rating in a report on Thursday, October 25th. Finally, Zacks Investment Research downgraded shares of Aqua America from a “buy” rating to a “hold” rating in a report on Monday, October 22nd. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.29.

In other news, CEO Chris Franklin acquired 25,421 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were acquired at an average price of $32.86 per share, with a total value of $835,334.06. Following the purchase, the chief executive officer now directly owns 144,368 shares of the company’s stock, valued at $4,743,932.48. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Daniel Schuller acquired 3,050 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were purchased at an average cost of $32.96 per share, for a total transaction of $100,528.00. Following the purchase, the insider now directly owns 20,783 shares in the company, valued at $685,007.68. The disclosure for this purchase can be found here. Insiders have bought a total of 34,637 shares of company stock worth $1,135,946 in the last ninety days. Corporate insiders own 0.24% of the company’s stock.

Shares of NYSE:WTR opened at $33.89 on Wednesday. Aqua America Inc has a twelve month low of $32.09 and a twelve month high of $39.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.46 and a current ratio of 0.52. The company has a market capitalization of $5.88 billion, a P/E ratio of 24.74, a price-to-earnings-growth ratio of 4.39 and a beta of 0.50.

Aqua America (NYSE:WTR) last issued its quarterly earnings results on Monday, November 5th. The utilities provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Aqua America had a net margin of 29.81% and a return on equity of 12.64%. The company had revenue of $226.10 million for the quarter, compared to the consensus estimate of $238.86 million. During the same quarter in the prior year, the company earned $0.43 EPS. Aqua America’s quarterly revenue was up 5.2% on a year-over-year basis. On average, analysts forecast that Aqua America Inc will post 1.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, December 1st. Stockholders of record on Friday, November 16th will be paid a dividend of $0.219 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.58%. Aqua America’s payout ratio is 64.23%.

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Aqua America Profile

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water and wastewater services through operating and maintenance contracts with municipal authorities and other parties. The company also provides non-utility raw water supply services for firms in the natural gas drilling industry.

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Institutional Ownership by Quarter for Aqua America (NYSE:WTR)

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