Despite the fact that I believed Aqua America (WTR) was already overvalued when I initiated my coverage of the company back in June, shares of the company have increased 10.9% compared to the S&P 500's 9.8% increase since that time.
This can be attributed to the low rate environment that we find ourselves in, as well as Aqua America's continued strong operating results.
Today, I'll be revisiting Aqua America's dividend safety and growth potential, its operating fundamentals and risks, and the valuation aspect of an investment in Aqua America at its current