Aqua America Inc (NYSE:WTR) Short Interest Down 11.5% in January

Aqua America Inc (NYSE:WTR) saw a large drop in short interest during the month of January. As of January 31st, there was short interest totalling 10,590,000 shares, a drop of 11.5% from the January 15th total of 11,970,000 shares. Based on an average trading volume of 1,540,000 shares, the short-interest ratio is currently 6.9 days. Currently, 4.9% of the shares of the company are sold short.

Separately, Bank of America lowered Aqua America from a “buy” rating to a “neutral” rating and set a $52.00 price objective for the company. in a research note on Tuesday, January 21st. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $48.00.

NYSE WTR opened at $53.72 on Friday. The stock has a 50-day simple moving average of $49.99 and a two-hundred day simple moving average of $45.79. The firm has a market capitalization of $11.59 billion, a P/E ratio of 76.74, a PEG ratio of 5.32 and a beta of 0.32. Aqua America has a fifty-two week low of $34.21 and a fifty-two week high of $52.58. The company has a debt-to-equity ratio of 0.75, a quick ratio of 6.14 and a current ratio of 6.19.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 1st. Shareholders of record on Friday, February 14th will be paid a dividend of $0.2343 per share. This represents a $0.94 dividend on an annualized basis and a dividend yield of 1.74%. Aqua America’s payout ratio is currently 66.67%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tobias Financial Advisors Inc. purchased a new position in shares of Aqua America during the 4th quarter valued at about $29,000. Strategic Blueprint LLC purchased a new position in shares of Aqua America during the 3rd quarter valued at about $28,000. Northern Oak Wealth Management Inc. purchased a new position in shares of Aqua America during the 3rd quarter valued at about $31,000. AdvisorNet Financial Inc raised its stake in shares of Aqua America by 305.0% during the 3rd quarter. AdvisorNet Financial Inc now owns 810 shares of the utilities provider’s stock valued at $36,000 after buying an additional 610 shares during the last quarter. Finally, Garrett Wealth Advisory Group LLC purchased a new position in shares of Aqua America during the 3rd quarter valued at about $37,000. Institutional investors and hedge funds own 66.47% of the company’s stock.

About Aqua America

Aqua America, Inc, through its subsidiaries, operates regulated utilities that provide water or wastewater services in the United States. It offers water 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; and water and sewer line protection solutions, and repair services to households through third-party.

Featured Article: Inverted Yield Curve

Receive News & Ratings for Aqua America Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Aqua America and related companies with MarketBeat.com's FREE daily email newsletter.