South Dakota Investment Council Maintains Stake in Aqua America, Inc. (WTR)

South Dakota Investment Council held its stake in shares of Aqua America, Inc. (NYSE:WTR) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,600 shares of the utilities provider’s stock at the close of the second quarter. South Dakota Investment Council’s holdings in Aqua America were worth $753,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Benjamin F. Edwards & Company Inc. lifted its stake in Aqua America by 10.6% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 4,480 shares of the utilities provider’s stock valued at $149,000 after buying an additional 431 shares during the period. IFP Advisors Inc lifted its stake in Aqua America by 20.8% in the second quarter. IFP Advisors Inc now owns 4,701 shares of the utilities provider’s stock valued at $157,000 after buying an additional 809 shares during the period. Barrett Asset Management LLC acquired a new position in Aqua America in the second quarter valued at approximately $197,000. Huntington National Bank lifted its stake in Aqua America by 6.7% in the second quarter. Huntington National Bank now owns 5,950 shares of the utilities provider’s stock valued at $199,000 after buying an additional 375 shares during the period. Finally, Tokio Marine Asset Management Co. Ltd. acquired a new position in Aqua America in the second quarter valued at approximately $206,000. 51.04% of the stock is currently owned by hedge funds and other institutional investors.

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In other news, insider Robert A. Rubin sold 12,499 shares of the firm’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 value of $430,715.54. Following the completion of the transaction, the insider now owns 80,604 shares in the company, valued at approximately $2,777,613.84. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.25% of the company’s stock.

Aqua America, Inc. (WTR) opened at 34.01 on Friday. The stock’s 50 day moving average price is $33.78 and its 200-day moving average price is $32.85. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 25.96 and a beta of 0.53. Aqua America, Inc. has a 12 month low of $28.03 and a 12 month high of $34.66.

Aqua America (NYSE:WTR) last released its earnings results on Wednesday, August 2nd. The utilities provider reported $0.34 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.34. The company had revenue of $203.40 million during the quarter, compared to analysts’ expectations of $208.28 million. Aqua America had a return on equity of 12.51% and a net margin of 28.59%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the business posted $0.33 EPS. Equities analysts anticipate that Aqua America, Inc. will post $1.36 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Wednesday, August 16th were paid a $0.2047 dividend. This represents a $0.82 dividend on an annualized basis and a dividend yield of 2.41%. The ex-dividend date of this dividend was Monday, August 14th. This is a boost from Aqua America’s previous quarterly dividend of $0.19. Aqua America’s dividend payout ratio (DPR) is presently 62.60%.

Several brokerages have issued reports on WTR. Northcoast Research began coverage on Aqua America in a research note on Thursday, May 25th. They issued a “neutral” rating on the stock. Zacks Investment Research raised Aqua America from a “sell” rating to a “hold” rating in a research note on Thursday, July 13th. Boenning Scattergood reissued an “outperform” rating on shares of Aqua America in a research note on Tuesday, September 5th. BidaskClub raised Aqua America from a “hold” rating to a “buy” rating in a research note on Friday, August 11th. Finally, Robert W. Baird reissued a “hold” rating and issued a $32.00 price target on shares of Aqua America in a research note on Friday, August 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $34.00.

Aqua America 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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