Headinvest adds Aqua America Inc (WTR) to its portfolio

Aqua America Inc (WTR) : Headinvest added new position in Aqua America Inc during the most recent quarter end. The investment management firm now holds 6,682 shares of Aqua America Inc which is valued at $206,006 , the company said in a statement filed on Apr 21, 2016 with the SEC.Aqua America Inc makes up approximately 0.08% of Headinvest’s portfolio.

Aqua America Inc opened for trading at $31.6 and hit $31.72 on the upside on Wednesday, eventually ending the session at $31.66, with a gain of 0.54% or 0.17 points. The heightened volatility saw the trading volume jump to 6,68,321 shares. Company has a market cap of $5,605 M.

Other Hedge Funds, Including , Next Financial Group Inc reduced its stake in WTR by selling 117 shares or 1.57% in the most recent quarter. The Hedge Fund company now holds 7,322 shares of WTR which is valued at $225,737. Aqua America Inc makes up approx 0.08% of Next Financial Group Inc’s portfolio.Clean Yield Group reduced its stake in WTR by selling 3,055 shares or 9.36% in the most recent quarter. The Hedge Fund company now holds 29,596 shares of WTR which is valued at $944,704. Aqua America Inc makes up approx 0.42% of Clean Yield Group’s portfolio. Gierl Augustine Investment Management Inc added WTR to its portfolio by purchasing 235 company shares during the most recent quarter which is valued at $7,501. Aqua America Inc makes up approx 0.01% of Gierl Augustine Investment Management Inc’s portfolio.Capstone Asset Management Co boosted its stake in WTR in the latest quarter, The investment management firm added 633 additional shares and now holds a total of 17,804 shares of Aqua America Inc which is valued at $568,304. Aqua America Inc makes up approx 0.02% of Capstone Asset Management Co’s portfolio.

On the company’s financial health, Aqua America Inc reported $0.16 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Feb 23, 2016. Analyst had a consensus of $0.29. The company had revenue of $197.10 million for the quarter, compared to analysts expectations of $199.47 million. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.28 EPS.

Many Wall Street Analysts have commented on Aqua America Inc. Company shares were Reiterated by Argus on Mar 21, 2016 to “Buy”, Firm has raised the Price Target to $ 35 from a previous price target of $34 .Company shares were Reiterated by Argus on Jan 26, 2016 to “Buy”, Firm has raised the Price Target to $ 34 from a previous price target of $29 .

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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