Aqua America Inc (WTR) : Toth Financial Advisory Corp reduced its stake in Aqua America Inc by 1.14% during the most recent quarter end. The investment management company now holds a total of 31,726 shares of Aqua America Inc which is valued at $944,483 after selling 367 shares in Aqua America Inc , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.Aqua America Inc makes up approximately 0.28% of Toth Financial Advisory Corp’s portfolio.
Other Hedge Funds, Including , Ronna Sue Cohen reduced its stake in WTR by selling 3,038 shares or 6.05% in the most recent quarter. The Hedge Fund company now holds 47,136 shares of WTR which is valued at $1,387,212. Aqua America Inc makes up approx 1.05% of Ronna Sue Cohen’s portfolio.Independent Portfolio Consultants reduced its stake in WTR by selling 1,375 shares or 18.31% in the most recent quarter. The Hedge Fund company now holds 6,135 shares of WTR which is valued at $180,369. Aqua America Inc makes up approx 0.06% of Independent Portfolio Consultants’s portfolio.
Aqua America Inc closed down -0.22 points or -0.75% at $29.21 with 8,60,920 shares getting traded on Tuesday. Post opening the session at $29.31, the shares hit an intraday low of $29.02 and an intraday high of $29.32 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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.
Many Wall Street Analysts have commented on Aqua America Inc. Robert W. Baird Initiated Aqua America Inc on Oct 14, 2016 to “Neutral”, Price Target of the shares are set at $32.Shares were Reiterated by Barclays on Sep 6, 2016 to “Equal Weight” and Lowered the Price Target to $ 34 from a previous price target of $38 .
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.