New Mexico Educational Retirement Board bought a new stake in Aqua America Inc (NYSE:WTR) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 44,000 shares of the utilities provider’s stock, valued at approximately $1,726,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of WTR. Sigma Planning Corp acquired a new position in shares of Aqua America in the fourth quarter valued at $200,000. Headinvest LLC acquired a new position in shares of Aqua America in the third quarter valued at $203,000. Telemus Capital LLC acquired a new position in shares of Aqua America in the fourth quarter valued at $204,000. Private Vista LLC acquired a new position in shares of Aqua America in the third quarter valued at $205,000. Finally, Ironwood Investment Counsel LLC acquired a new position in shares of Aqua America in the fourth quarter valued at $205,000. Institutional investors and hedge funds own 51.70% of the company’s stock.
Aqua America Inc (WTR) opened at $34.87 on Monday. The company has a debt-to-equity ratio of 1.01, a quick ratio of 0.48 and a current ratio of 0.55. Aqua America Inc has a 12 month low of $29.91 and a 12 month high of $39.55. The stock has a market capitalization of $6,200.00, a price-to-earnings ratio of 26.22, a price-to-earnings-growth ratio of 4.40 and a beta of 0.44.
The business also recently disclosed a mar 18 dividend, which will be paid on Thursday, March 1st. Shareholders of record on Friday, February 16th will be paid a dividend of $0.2047 per share. The ex-dividend date of this dividend is Thursday, February 15th. This represents a yield of 0.00579722458227131%. Aqua America’s dividend payout ratio is currently 61.65%.
A number of brokerages recently commented on WTR. Robert W. Baird restated a “hold” rating and issued a $32.00 target price on shares of Aqua America in a research note on Wednesday, November 1st. Zacks Investment Research lowered Aqua America from a “buy” rating to a “hold” rating in a research note on Sunday, January 21st. Hilliard Lyons upgraded Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Argus upped their target price on Aqua America from $37.00 to $41.00 and gave the company a “buy” rating in a research note on Wednesday, December 13th. Finally, Boenning Scattergood restated a “buy” rating and issued a $43.00 target price on shares of Aqua America in a research note on Wednesday, November 1st. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $39.17.
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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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