Aqua America Inc (WTR) : Newsquare Capital scooped up 781 additional shares in Aqua America Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 25, 2016. The investment management firm now holds a total of 191,718 shares of Aqua America Inc which is valued at $6,558,673.Aqua America Inc makes up approximately 1.55% of Newsquare Capital’s portfolio.
Other Hedge Funds, Including , Financial Architects Inc boosted its stake in WTR in the latest quarter, The investment management firm added 1,551 additional shares and now holds a total of 35,203 shares of Aqua America Inc which is valued at $1,204,295. Aqua America Inc makes up approx 0.33% of Financial Architects Inc’s portfolio.Farmers Trust Co reduced its stake in WTR by selling 220 shares or 1.31% in the most recent quarter. The Hedge Fund company now holds 16,520 shares of WTR which is valued at $570,931. Aqua America Inc makes up approx 0.18% of Farmers Trust Co’s portfolio. Nordea Investment Management Ab sold out all of its stake in WTR during the most recent quarter. The investment firm sold 4,722 shares of WTR which is valued $161,917.Arcadia Investment Management Corpmi boosted its stake in WTR in the latest quarter, The investment management firm added 200 additional shares and now holds a total of 4,150 shares of Aqua America Inc which is valued at $141,308. Aqua America Inc makes up approx 0.04% of Arcadia Investment Management Corpmi’s portfolio.
Aqua America Inc opened for trading at $34.3 and hit $34.8599 on the upside on Friday, eventually ending the session at $34.64, with a gain of 0.73% or 0.25 points. The heightened volatility saw the trading volume jump to 12,32,703 shares. Company has a market cap of $6,141 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.