Bank of Montreal Can Boosts Stake in Aqua America Inc (NYSE:WTR)

Bank of Montreal Can boosted its stake in shares of Aqua America Inc (NYSE:WTR) by 1.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 84,210 shares of the utilities provider’s stock after buying an additional 1,605 shares during the period. Bank of Montreal Can’s holdings in Aqua America were worth $3,304,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in WTR. Lord Abbett & CO. LLC bought a new position in shares of Aqua America during the 2nd quarter worth approximately $17,807,000. WINTON GROUP Ltd bought a new position in shares of Aqua America during the 3rd quarter worth approximately $6,917,000. Legacy Advisors LLC bought a new position in shares of Aqua America during the 3rd quarter worth approximately $6,310,000. Pictet Asset Management Ltd. grew its stake in shares of Aqua America by 4.3% during the 3rd quarter. Pictet Asset Management Ltd. now owns 4,427,248 shares of the utilities provider’s stock worth $146,940,000 after acquiring an additional 180,667 shares in the last quarter. Finally, KBC Group NV grew its stake in shares of Aqua America by 78.5% during the 3rd quarter. KBC Group NV now owns 354,500 shares of the utilities provider’s stock worth $11,766,000 after acquiring an additional 155,860 shares in the last quarter. Hedge funds and other institutional investors own 51.70% of the company’s stock.

Aqua America Inc (NYSE:WTR) opened at $34.01 on Thursday. Aqua America Inc has a 52-week low of $29.88 and a 52-week high of $39.55. The company has a current ratio of 0.55, a quick ratio of 0.48 and a debt-to-equity ratio of 1.01. The company has a market cap of $6,080.00, a price-to-earnings ratio of 25.72, a price-to-earnings-growth ratio of 4.30 and a beta of 0.44.

The company also recently announced a mar 18 dividend, which will be paid on Thursday, March 1st. Stockholders of record on Friday, February 16th will be issued a dividend of $0.2047 per share. This represents a dividend yield of 0.00579722458227131%. The ex-dividend date is Thursday, February 15th. Aqua America’s dividend payout ratio is currently 61.65%.

WTR has been the subject of several analyst reports. Hilliard Lyons raised shares of Aqua America from an “underperform” rating to a “neutral” rating in a research note on Thursday, December 21st. Zacks Investment Research raised shares of Aqua America from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Monday, January 15th. Wells Fargo & Co raised shares of Aqua America from a “market perform” rating to an “outperform” rating and set a $40.00 target price for the company in a research note on Thursday, October 19th. Boenning Scattergood reissued a “buy” rating and issued a $43.00 target price on shares of Aqua America in a research note on Wednesday, November 1st. Finally, Argus lifted their price objective on shares of Aqua America from $37.00 to $41.00 and gave the stock a “buy” rating in a research report on Wednesday, December 13th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Aqua America has an average rating of “Buy” and a consensus target price 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).

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

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