Written by Sam Kovacs
Introduction
If you have been following my articles in the past few months, you know that I’m overly unimpressed with water utilities. Valuations have reached levels which are unsustainable, so much so that I don’t believe anybody should maintain any exposure at all to the industry. Many of the stocks in the sector have been challenging their highs and meeting increased resistance. Aqua America (WTR) is one such stock.
Source: Open Domain
Trading around $45.49, its 2.06% dividend yield is higher than many of its peers, yet it remains