Wespac Advisors Socal Lowers stake in Aqua America Inc (WTR)

Aqua America Inc (WTR) : Wespac Advisors Socal reduced its stake in Aqua America Inc by 3.07% during the most recent quarter end. The investment management company now holds a total of 106,663 shares of Aqua America Inc which is valued at $3,475,081 after selling 3,375 shares in Aqua America Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Aqua America Inc makes up approximately 2.19% of Wespac Advisors Socal’s portfolio.

Other Hedge Funds, Including , Girard Partners Ltd. reduced its stake in WTR by selling 859 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 17,998 shares of WTR which is valued at $586,375. Aqua America Inc makes up approx 0.22% of Girard Partners Ltd.’s portfolio.Teachers Advisors Inc reduced its stake in WTR by selling 46,963 shares or 18.71% in the most recent quarter. The Hedge Fund company now holds 203,994 shares of WTR which is valued at $6,646,125. Aqua America Inc makes up approx 0.01% of Teachers Advisors Inc’s portfolio.Msi Financial Services Inc boosted its stake in WTR in the latest quarter, The investment management firm added 381 additional shares and now holds a total of 5,008 shares of Aqua America Inc which is valued at $171,324. Aqua America Inc makes up approx 0.01% of Msi Financial Services Inc’s portfolio.Pennsylvania Trust Co boosted its stake in WTR in the latest quarter, The investment management firm added 1,125 additional shares and now holds a total of 59,053 shares of Aqua America Inc which is valued at $2,024,927. Aqua America Inc makes up approx 0.16% of Pennsylvania Trust Co’s portfolio. Contravisory Investment Management added WTR to its portfolio by purchasing 200,903 company shares during the most recent quarter which is valued at $6,850,792. Aqua America Inc makes up approx 2.08% of Contravisory Investment Management’s portfolio.

Aqua America Inc opened for trading at $31 and hit $31.28 on the upside on Monday, eventually ending the session at $31.03, with a gain of 0.52% or 0.16 points. The heightened volatility saw the trading volume jump to 6,37,311 shares. Company has a market cap of $5,503 M.

On the company’s financial health, Aqua America Inc reported $0.33 EPS for the quarter, based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus estimate of $0.33. The company had revenue of $203.88 million for the quarter, compared to analysts expectations of $209.61 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.32 EPS.

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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