Electron Capital Partners adds Mueller Water Products (MWA) to its portfolio

Mueller Water Products (MWA) : Electron Capital Partners added new position in Mueller Water Products during the most recent quarter end. The investment management firm now holds 532,000 shares of Mueller Water Products which is valued at $6,554,240 , the company said in a statement filed on Aug 15, 2016 with the SEC.Mueller Water Products makes up approximately 2.61% of Electron Capital Partners’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management sold out all of its stake in MWA during the most recent quarter. The investment firm sold 10,679 shares of MWA which is valued $131,565. Employees Retirement System Of Texas added MWA to its portfolio by purchasing 101,000 company shares during the most recent quarter which is valued at $1,244,320. Mueller Water Products makes up approx 0.02% of Employees Retirement System Of Texas’s portfolio.Blackrock Advisors boosted its stake in MWA in the latest quarter, The investment management firm added 34,019 additional shares and now holds a total of 106,866 shares of Mueller Water Products which is valued at $1,316,589.Highlander Capital Management boosted its stake in MWA in the latest quarter, The investment management firm added 500 additional shares and now holds a total of 35,000 shares of Mueller Water Products which is valued at $431,200. Mueller Water Products makes up approx 0.43% of Highlander Capital Management’s portfolio.

Mueller Water Products opened for trading at $12.49 and hit $12.49 on the upside on Wednesday, eventually ending the session at $12.29, with a gain of 0.82% or 0.1 points. The heightened volatility saw the trading volume jump to 1,110,312 shares. Company has a market cap of $1,987 M.

On the company’s financial health, Mueller Water Products reported $0.10 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Apr 26, 2016. Analyst had a consensus of $0.09. The company had revenue of $283.60 million for the quarter, compared to analysts expectations of $291.91 million. The company’s revenue was down -2.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.08 EPS.

Many Wall Street Analysts have commented on Mueller Water Products. Company shares were Reiterated by DA Davidson on Aug 5, 2016 to “Neutral”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .Mueller Water Products was Downgraded by Boenning & Scattergood to ” Neutral” on Jul 13, 2016.

Mueller Water Products Inc. is a manufacturer and marketer of products and services used in the transmission distribution and measurement of water. The Company’s product portfolio includes engineered valves fire hydrants metering products and systems leak detection and pipe condition assessment which are used by municipalities and residential and non-residential construction industries. The Company operates through two segments: Mueller Co. and Anvil. The Company helps municipalities increase operational efficiencies improve customer service and prioritize capital spending. Mueller Co. manufactures valves for water and gas systems including iron gate butterfly tapping check plug and ball valves dry-barrel and wet-barrel fire hydrants and metering systems. The Company also manufactures fittings and couplings including cast iron fittings malleable iron fittings and unions grooved fittings threaded steel pipe coupling and nipples.

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