Wills Financial Group Lowers stake in Aqua America Inc (WTR)

Aqua America Inc (WTR) : Wills Financial Group reduced its stake in Aqua America Inc by 0.65% during the most recent quarter end. The investment management company now holds a total of 189,791 shares of Aqua America Inc which is valued at $6.2 Million after selling 1,240 shares in Aqua America Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.Aqua America Inc makes up approximately 5.35% of Wills Financial Group’s portfolio.

Other Hedge Funds, Including , Engineers Gate Manager Lp sold out all of its stake in WTR during the most recent quarter. The investment firm sold 21,087 shares of WTR which is valued $689,123.Cutter Co Brokerage reduced its stake in WTR by selling 5,552 shares or 3.45% in the most recent quarter. The Hedge Fund company now holds 155,337 shares of WTR which is valued at $5 Million. Aqua America Inc makes up approx 2.29% of Cutter Co Brokerage’s portfolio.

Aqua America Inc opened for trading at $31.59 and hit $31.63 on the upside on Friday, eventually ending the session at $31.6, with a gain of 0.38% or 0.12 points. The heightened volatility saw the trading volume jump to 7,38,053 shares. Company has a market cap of $5,602 M.

On the company’s financial health, Aqua America Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 3, 2016. Analyst had a consensus of $0.28. The company had revenue of $192.60 million for the quarter, compared to analysts expectations of $197.66 million. The company’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.27 EPS.

Many Wall Street Analysts have commented on Aqua America Inc. Company shares were Reiterated by Barclays on May 5, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .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 .

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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