Aqua America Inc (WTR) Shares Bought by Legal & General Group Plc

Legal & General Group Plc raised its holdings in shares of Aqua America Inc (NYSE:WTR) by 4.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 950,380 shares of the utilities provider’s stock after acquiring an additional 39,453 shares during the period. Legal & General Group Plc owned approximately 0.53% of Aqua America worth $32,494,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. MML Investors Services LLC acquired a new position in Aqua America during the 3rd quarter valued at approximately $230,000. Bank of New York Mellon Corp increased its stake in Aqua America by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,614,754 shares of the utilities provider’s stock valued at $96,484,000 after purchasing an additional 9,236 shares in the last quarter. BlackRock Inc. increased its stake in Aqua America by 1.2% during the 3rd quarter. BlackRock Inc. now owns 16,595,537 shares of the utilities provider’s stock valued at $612,377,000 after purchasing an additional 189,040 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its holdings in shares of Aqua America by 94.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 35,000 shares of the utilities provider’s stock valued at $1,301,000 after acquiring an additional 17,000 shares during the last quarter. Finally, Credit Suisse AG boosted its holdings in shares of Aqua America by 6.7% in the 3rd quarter. Credit Suisse AG now owns 165,973 shares of the utilities provider’s stock valued at $6,125,000 after acquiring an additional 10,462 shares during the last quarter. Hedge funds and other institutional investors own 56.38% of the company’s stock.

WTR has been the topic of a number of recent analyst reports. Boenning Scattergood reissued a “buy” rating and set a $43.00 price target on shares of Aqua America in a report on Wednesday, January 30th. Janney Montgomery Scott reaffirmed a “buy” rating on shares of Aqua America in a report on Tuesday, February 5th. Finally, UBS Group upgraded shares of Aqua America from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $42.00 in a research report on Tuesday, March 19th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $38.50.

Aqua America stock opened at $36.48 on Tuesday. Aqua America Inc has a 12-month low of $32.09 and a 12-month high of $38.24. The stock has a market cap of $6.29 billion, a P/E ratio of 25.87, a PEG ratio of 3.81 and a beta of 0.46. The company has a quick ratio of 0.33, a current ratio of 0.37 and a debt-to-equity ratio of 1.19.

Aqua America (NYSE:WTR) last announced its quarterly earnings results on Monday, February 18th. The utilities provider reported $0.31 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.01). Aqua America had a net margin of 22.91% and a return on equity of 12.49%. The company had revenue of $205.75 million for the quarter, compared to analyst estimates of $212.50 million. As a group, equities research analysts predict that Aqua America Inc will post 1.49 earnings per share for the current year.

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Aqua America Company 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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