Aqua America Inc (WTR) Files Form 4 Insider Selling : Chris Franklin Sells 17,243 Shares

Aqua America Inc (WTR): Chris Franklin , Chief Executive Officer of Aqua America Inc sold 17,243 shares on May 10, 2016. The Insider selling transaction was reported by the company on May 12, 2016 to the Securities and Exchange Commission. The shares were sold at $32.83 per share for a total value of $566,001.50 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Mar 16, 2016, Robert A Rubin (Chief Accounting Officer) sold 9,375 shares at $31.68 per share price.On Mar 16, 2016, Nicholas Debenedictis (director) sold 100,531 shares at $31.52 per share price.Also, On Mar 7, 2016, David Smeltzer (Executive VP & CFO) sold 10,000 shares at $31.42 per share price.On Mar 4, 2016, William C Ross (Sr. VP Engineering and Environ) sold 4,787 shares at $31.00 per share price.

Aqua America Inc: On Tuesday, May 10, 2016 heightened volatility was witnessed in Aqua America Inc which led to swings in the share price. The shares opened for trading at $32.88 and hit $32.93 on the upside , eventually ending the session at $32.89, with a gain of 0.27% or 0.09 points. The heightened volatility saw the trading volume jump to 6,23,608 shares. The 52-week high of the share price is $32.93 and the company has a market cap of $5,830 M . The 52-week low of the share price is at $24.4.

Aqua America Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Aqua America Inc is Reiterated by Barclays to Equal Weight and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $33 .The Rating was issued on May 5, 2016.Aqua America Inc is Reiterated by Argus to Buy and the brokerage firm has raised the Price Target to $ 35 from a previous price target of $34 .The Rating was issued on Mar 21, 2016.

Aqua America Inc. is a holding company. The Company through its subsidiaries provides water or wastewater services in Pennsylvania Ohio Texas Illinois North Carolina New Jersey Indiana and Virginia. Its largest operating subsidiary is Aqua Pennsylvania Inc. which provides water or wastewater services to approximately one-half of the total number of people the Company serves. Its other regulated utility subsidiaries provide similar services in seven other states. In addition its non-regulated subsidiary Aqua Resources Inc. provides liquid waste hauling and disposal; water and wastewater services; water and wastewater line repair service and protection solutions to households; designs and builds water and wastewater systems and provides other non-regulated water and wastewater services among others. The Company’s non-regulated subsidiary Aqua Infrastructure LLC provides non-utility raw water supply services for firms in the natural gas drilling industry.

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