Cutter Co Brokerage buys $5,406,026 stake in Aqua America Inc (WTR)

Aqua America Inc (WTR) : Cutter Co Brokerage scooped up 4,510 additional shares in Aqua America Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 3, 2016. The investment management firm now holds a total of 159,847 shares of Aqua America Inc which is valued at $5,406,026.Aqua America Inc makes up approximately 2.30% of Cutter Co Brokerage’s portfolio.

Other Hedge Funds, Including , Great West Life Assurance Co Can boosted its stake in WTR in the latest quarter, The investment management firm added 87,120 additional shares and now holds a total of 136,443 shares of Aqua America Inc which is valued at $4,614,502. Aqua America Inc makes up approx 0.01% of Great West Life Assurance Co Can’s portfolio. Cutler Group Lp sold out all of its stake in WTR during the most recent quarter. The investment firm sold 391 shares of WTR which is valued $13,333.

Aqua America Inc closed down -0.41 points or -1.24% at $32.71 with 9,91,224 shares getting traded on Monday. Post opening the session at $33.09, the shares hit an intraday low of $32.63 and an intraday high of $33.26 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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.

Investors should note that on Aug 2, 2016, Aqua America Inc announced a cash dividend of $0.1913. The company’s management has announced Aug 16, 2016 as the ex-dividend date and fixed the record date on Aug 18, 2016. The payable date has been fixed on Sep 1, 2016.

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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