Stifel Financial Corp Buys 80,705 Shares of Aqua America Inc (WTR)

Stifel Financial Corp lifted its stake in shares of Aqua America Inc (NYSE:WTR) by 8.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 996,823 shares of the utilities provider’s stock after acquiring an additional 80,705 shares during the quarter. Stifel Financial Corp owned approximately 0.56% of Aqua America worth $33,023,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in Aqua America by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 17,208,005 shares of the utilities provider’s stock worth $573,026,000 after purchasing an additional 277,406 shares in the last quarter. Pictet Asset Management Ltd. lifted its holdings in Aqua America by 4.3% in the 3rd quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock worth $146,940,000 after purchasing an additional 180,667 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Aqua America by 0.5% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,695,154 shares of the utilities provider’s stock worth $89,451,000 after purchasing an additional 13,501 shares in the last quarter. Impax Asset Management LTD lifted its holdings in Aqua America by 7.0% in the 3rd quarter. Impax Asset Management LTD now owns 2,103,413 shares of the utilities provider’s stock worth $69,812,000 after purchasing an additional 137,582 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its holdings in Aqua America by 0.9% in the 3rd quarter. Principal Financial Group Inc. now owns 1,000,136 shares of the utilities provider’s stock worth $33,194,000 after purchasing an additional 8,898 shares in the last quarter. Institutional investors own 51.72% of the company’s stock.

A number of research firms recently commented on WTR. Robert W. Baird reissued a “hold” rating and issued a $32.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Zacks Investment Research cut Aqua America from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Wells Fargo & Company raised Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Thursday, October 19th. Boenning Scattergood reissued a “buy” rating and issued a $43.00 price target on shares of Aqua America in a report on Wednesday, November 1st. Finally, BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a report on Friday, August 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Aqua America has a consensus rating of “Buy” and an average price target of $38.20.

In other news, insider Robert A. Rubin sold 12,499 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $34.46, for a total transaction of $430,715.54. Following the sale, the insider now directly owns 80,604 shares of the company’s stock, valued at approximately $2,777,613.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP David Smeltzer sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $36.36, for a total value of $363,600.00. Following the sale, the vice president now directly owns 71,397 shares in the company, valued at $2,595,994.92. The disclosure for this sale can be found here. Insiders have bought a total of 75,500 shares of company stock worth $11,325 over the last ninety days. Insiders own 0.25% of the company’s stock.

Shares of Aqua America Inc (NYSE WTR) traded down $0.08 on Tuesday, hitting $37.67. The stock had a trading volume of 1,080,000 shares, compared to its average volume of 548,027. The stock has a market cap of $6,650.00, a PE ratio of 28.38, a price-to-earnings-growth ratio of 4.38 and a beta of 0.59. Aqua America Inc has a twelve month low of $29.24 and a twelve month high of $38.20. The company has a quick ratio of 0.48, a current ratio of 0.55 and a debt-to-equity ratio of 1.01.

Aqua America (NYSE:WTR) last issued its quarterly earnings data on Tuesday, October 31st. The utilities provider reported $0.43 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.43. The business had revenue of $215.01 million for the quarter, compared to analysts’ expectations of $234.40 million. Aqua America had a return on equity of 12.49% and a net margin of 29.38%. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.41 EPS. analysts expect that Aqua America Inc will post 1.36 earnings per share for the current year.

The company also recently disclosed a dec 17 dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were issued a dividend of $0.2047 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a dividend yield of 2.3%. Aqua America’s dividend payout ratio (DPR) is 61.65%.

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

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