Aqua America Inc (WTR) : Mitchell Sinkler Starrpa reduced its stake in Aqua America Inc by 1.28% during the most recent quarter end. The investment management company now holds a total of 55,529 shares of Aqua America Inc which is valued at $1,893,539 after selling 718 shares in Aqua America Inc , the firm said in a disclosure report filed with the SEC on Jul 12, 2016.Aqua America Inc makes up approximately 2.53% of Mitchell Sinkler Starrpa’s portfolio.
Other Hedge Funds, Including , Creative Planning boosted its stake in WTR in the latest quarter, The investment management firm added 864 additional shares and now holds a total of 31,083 shares of Aqua America Inc which is valued at $1,059,930. Aqua America Inc makes up approx 0.01% of Creative Planning’s portfolio.Next Financial Group Inc boosted its stake in WTR in the latest quarter, The investment management firm added 3,485 additional shares and now holds a total of 10,807 shares of Aqua America Inc which is valued at $374,030. Aqua America Inc makes up approx 0.12% of Next Financial Group Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in WTR in the latest quarter, The investment management firm added 70,653 additional shares and now holds a total of 80,120 shares of Aqua America Inc which is valued at $2,772,953. Aqua America Inc makes up approx 0.01% of Bnp Paribas Arbitrage Sa’s portfolio.Toth Financial Advisory Corp reduced its stake in WTR by selling 1,015 shares or 3.07% in the most recent quarter. The Hedge Fund company now holds 32,093 shares of WTR which is valued at $1,132,562. Aqua America Inc makes up approx 0.35% of Toth Financial Advisory Corp’s portfolio.
Aqua America Inc opened for trading at $34.08 and hit $34.24 on the upside on Friday, eventually ending the session at $34.03, with a gain of 0.09% or 0.03 points. The heightened volatility saw the trading volume jump to 5,07,358 shares. Company has a market cap of $6,033 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 .
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 Companys non-regulated subsidiary Aqua Infrastructure LLC provides non-utility raw water supply services for firms in the natural gas drilling industry.